facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

Pa. auditor general blasts rising turnpike debt



Published: Tue, November 13, 2012 @ 1:40 p.m.

HARRISBURG, Pa. (AP) — Pennsylvania Auditor General Jack Wagner today sounded an alarm over the rising debt piling onto the Pennsylvania Turnpike Commission, warning lawmakers that state taxpayers will be called on to bail out debts that benefit Wall Street.

Wagner, a Democrat, rebutted earlier testimony by turnpike commission officials and a financial consultant that the agency can sustain its financial path by raising tolls every year and that it can continue to find lenders.

He told a joint House and Senate Transportation Committee that the proportion of the commission’s debt payments to overall revenue has risen to 47 percent, and likened the turnpike commission’s operations to remortgaging a home to pay off credit-card debts.


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes