Fiscal recklessness will have consequences
An analysis by Truth in Accounting on which The Center Square reported in the Feb. 10 edition of the Sun-Gazette finds that Philadelphia will overspend in the 2025/26 budget year by about $17,000 per taxpayer. As we note that this sort of budgeting is unsustainable, we do not want to single out Pennsylvania’s largest city. The budget proposal by Gov. Josh Shapiro, as we’ve repeatedly criticized in editorials the past two weeks, uses assumptions about future laws and the state’s “rainy day fund” to ramp up government spending — despite our Legislature’s clear and ...