The Pennsylvania Senate’s Republican leader says the commonwealth budget might be quite late this year.
For months, GOP Senate Majority Leader Jake Corman has said a public pension overhaul will have to be priority number one for the Legislature this year.
He was recently asked if it means lawmakers might blow their June 30-th deadline for passing a state budget.
Corman says, well, yeah.
“It is the budget and you know we’re not doing a budget without it. We can’t,” he said.
Corman says his caucus expects to unveil a plan that would yield short-term and long-term savings for the state’s deeply indebted public pension systems.
Governor Tom Wolf does not support such changes.
The Republican-led Legislature failed to pass similar proposals when Tom Corbett was governor, even though he supported them.
Gov. Wolf wants to borrow $3 billion dollars, invest it and use the proceeds to refill the underfunded pension accounts.