The Wolf Transition Wednesday issued a state budget briefing called “Pennsylvania In Peril: A Financial Crisis” by Budget Task Force Chairs Mary Soderberg and Josh Shapiro.

Taking information released by the Independent Fiscal Office last week and other news reports, the briefing said Pennsylvania’s state budget will be nearly $2 billion in debt and the state’s bond rating has been declining.  Click Here to read the briefing.

Governor-elect Tom Wolf Tuesday named the Steering Committee for his transition team. The steering committee will work with already named leadership on efforts to review state agencies, commissions, departments, and functions.

"As we begin to understand the complexity of the fiscal crisis my administration will face, it is important that my Transition Team move forward," said Governor-elect Tom Wolf. "Today's announcement, which rounds out my steering committee, continues that momentum, and I look forward to working with these individuals to address the steep fiscal and economic challenges ahead."

For more information, visit the Wolf Transition website.

NewsClips:

Corman: We’re Not Ruling Out Early January Session

GOP Eyes Window For Action Before Wolf Takes Over

Editorial: GOP Leaders Should Hold Legislation

Wolf Extends An Early Olive Branch To Legislative Leaders

Task Force To Help Wolf Understand, Overcome $1.85 Billion Deficit

Wolf Hopes To Have Cabinet In Place By Jan. 20

Wolf Names Transition Steering Committee

John Baer: Wolf On Work, Reforms, Driving His Jeep

11/24/2014