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<p>[quote user="ROBERT WILLISON"]</p> <p>With Corbett gone maybe we can see an empire service train extended to Erie or even better to Cleveland. The nyc-erie- cle corridor needs daylight service. [/quote]</p> <p>What is Governor Corbett's view re: expanding passenger rail? What was his stance on finding money for the Pennsylvanian, which costs the PA taxpayers approximately $5.5 million per year?</p> <p>Corbett's views may be irrelevant. Fitch, S&P, and Moody's have down graded their ratings of Pennsylvania's debt. According to Fitch, a structurally unbalanced budget, depleted reserves, and rapidly growing public pension benefits were the major reasons for the ratings down grade.</p> <p>Approxmately seven per cent of PA's budget is being covered by one-offs, i.e. federal monies for an expanded Medicaid Program, and will not be a continuing source of funds. PA's debt burden and unfunded pension obligations, according to Fitch, totals 9.8 per cent of the state's 2013 personal income, which places it above the national average.</p> <p> </p>
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