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Legitimate_Soft5585 t1_jclfsxb wrote

Surplus? Aren't they crying for money and need to raise rates, annually? How is there a surplus? That's not explained in the article.

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ewyorksockexchange t1_jclo23b wrote

There is a difference between the Turnpike, PennDOT, and the state budget. PTC is a separate entity from the state, with its own budget and funding stream.

This plan is essentially to refund tolls to PA drivers out of the state budget without reducing PTC’s income.

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Excelius t1_jcloqac wrote

There is a state budget surplus currently. It's not unique to PA, most states are enjoying budget surpluses right now.

It's likely a temporary situation due to a confluence of factors, but of course many politicians are rushing to make big changes in taxes and spending as though this will be some sort of permanent condition.

States are still sitting on piles of Federal cash, from pandemic aid to infrastructure bills. In the short term inflation leads to a bump in tax revenues, as higher wages and higher prices translates to improved tax receipts. Corporate profits are still running strong.

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TheJediJoker t1_jcm2sqj wrote

Doesn't the Federal Cash expire if not used though

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106473 t1_jcmr5rr wrote

It's fiat so it expires when the US financial system does. Which seems soon.

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HogwartsKate t1_jcnv3v1 wrote

Their accounting software is a nightmare! To get a correct accounting is pathetic at best!

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