Pennsylvania governor to let state budget become law(Reuters) - Pennsylvania Governor Tom Wolf said on Monday he would allow an unbalanced budget of just under $32 billion to become law at midnight after state lawmakers failed to agree on a plan to close a $2 billion deficit. Wolf had 10 days from June 30th to either sign or veto the legislation. He chose to let it become law automatically at midnight without his signature. The legislature approved the spending part of the budget June 30th, beating a July 1 deadline by just hours. However, Republicans, who dominate both houses of the legislature, were unable to agree on a way to close the budget gap. “In the coming days, it is my hope that the General Assembly will come together to pass a responsible solution to balance our books,” Wolf, a Democrat said in a statement. “There are many options available to balance the budget in the long-term.” The fiscal 2018 budget is about $450 million larger than last year. The budget shortfall is due in large part to revenue collections this fiscal year which were $1.6 billion below expectations. In order to close the gap, the state is considering borrowing $1 billion, to be repaid with money U.S. states still receive every year from their 1998 legal settlement with tobacco companies for health expenses. Republicans have also discussed a wide expansion in casino gambling, and discussed but rejected placing as many as 40,000 video gambling devices around the state. Democrats want a severance tax on oil and gas production that would feed the general fund. That idea has failed to pass in previous years. “Every year our Commonwealth borrows money and uses accounting gimmicks to meet our obligations, digging us deeper and deeper into a hole,” said Democratic Senator Daylin Leach. “We need new sustainable revenue just to keep the lights on and avoid yet another credit downgrade,” he said. On July 6, S&P Global put Pennsylvania’s AA-minus credit rating on watch for potential downgrade due to budget concerns. politicsNews
pennsylvania governor let state budget become law reuters pennsylvania governor tom wolf said monday would allow unbalanced budget billion become law midnight state lawmakers failed agree plan close billion deficit wolf days june either sign veto legislation he chose let become law automatically midnight without signature the legislature approved spending part budget june beating july deadline hours however republicans dominate houses legislature unable agree way close budget gap in coming days hope general assembly come together pass responsible solution balance books wolf democrat said statement there many options available balance budget the fiscal budget million larger last year the budget shortfall due large part revenue collections fiscal year billion expectations in order close gap state considering borrowing billion repaid money states still receive every year legal settlement tobacco companies health expenses republicans also discussed wide expansion casino gambling discussed rejected placing many video gambling devices around state democrats want reverence tax oil gas production would feed general fund that idea failed pass previous years every year commonwealth borrows money uses accounting gimmick meet obligations digging us deeper deeper hole said democratic senator dublin each we need new sustainable revenue keep lights avoid yet another credit downgraded said on july s p global put pennsylvania credit rating watch potential downgraded due budget concerns politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Pennsylvania governor to let state budget become law(Reuters) - Pennsylvania Governor Tom Wolf said on Monday he would allow an unbalanced budget of just under $32 billion to become law at midnight after state lawmakers failed to agree on a plan to close a $2 billion deficit. Wolf had 10 days from June 30th to either sign or veto the legislation. He chose to let it become law automatically at midnight without his signature. The legislature approved the spending part of the budget June 30th, beating a July 1 deadline by just hours. However, Republicans, who dominate both houses of the legislature, were unable to agree on a way to close the budget gap. “In the coming days, it is my hope that the General Assembly will come together to pass a responsible solution to balance our books,” Wolf, a Democrat said in a statement. “There are many options available to balance the budget in the long-term.” The fiscal 2018 budget is about $450 million larger than last year. The budget shortfall is due in large part to revenue collections this fiscal year which were $1.6 billion below expectations. In order to close the gap, the state is considering borrowing $1 billion, to be repaid with money U.S. states still receive every year from their 1998 legal settlement with tobacco companies for health expenses. Republicans have also discussed a wide expansion in casino gambling, and discussed but rejected placing as many as 40,000 video gambling devices around the state. Democrats want a severance tax on oil and gas production that would feed the general fund. That idea has failed to pass in previous years. “Every year our Commonwealth borrows money and uses accounting gimmicks to meet our obligations, digging us deeper and deeper into a hole,” said Democratic Senator Daylin Leach. “We need new sustainable revenue just to keep the lights on and avoid yet another credit downgrade,” he said. On July 6, S&P Global put Pennsylvania’s AA-minus credit rating on watch for potential downgrade due to budget concerns. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: pennsylvania governor let state budget become law reuters pennsylvania governor tom wolf said monday would allow unbalanced budget billion become law midnight state lawmakers failed agree plan close billion deficit wolf days june either sign veto legislation he chose let become law automatically midnight without signature the legislature approved spending part budget june beating july deadline hours however republicans dominate houses legislature unable agree way close budget gap in coming days hope general assembly come together pass responsible solution balance books wolf democrat said statement there many options available balance budget the fiscal budget million larger last year the budget shortfall due large part revenue collections fiscal year billion expectations in order close gap state considering borrowing billion repaid money states still receive every year legal settlement tobacco companies health expenses republicans also discussed wide expansion casino gambling discussed rejected placing many video gambling devices around state democrats want reverence tax oil gas production would feed general fund that idea failed pass previous years every year commonwealth borrows money uses accounting gimmick meet obligations digging us deeper deeper hole said democratic senator dublin each we need new sustainable revenue keep lights avoid yet another credit downgraded said on july s p global put pennsylvania credit rating watch potential downgraded due budget concerns politicsnews