Corbett defends projection of big revenue jump

Gov. Tom Corbett on Friday, Jan. 11, 2013, in Plymouth Meeting, Pa. (AP Photo/Matt Rourke)

February 7, 2014 8:41:27 AM PST
Gov. Tom Corbett is defending his administration's projection of a 4 percent increase in revenue next year, which would be the biggest such increase since the economy began recovering from the recession in 2009. Corbett told WITF-FM's Smart Talk program Friday that his administration is banking on higher economic growth.

The current fiscal year is based on a 1.6 percent increase in revenue. A 4 percent increase would push the state's overall tax collections past $30 billion for the first time. On Tuesday, Corbett proposed a $29.4 billion in spending, up more than 3 percent.

In the meantime, this year's tax collections were slightly behind expectations at the end of January. The rate of job growth in Pennsylvania has slowed every year since Corbett became governor in 2011.