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Lawmakers Examine Pa. Turnpike's Financial Future



State lawmakers are hearing warning signs about the Pennsylvania Turnpike's debt load from the state's elected fiscal watchdog.
 
The Philadelphia Inquirer is reporting that Auditor General Jack Wagner told a legislative committee Tuesday that turnpike officials are using "flim-flam" financing and predicted the toll road could go bankrupt in a couple years.
 
The paper says turnpike chief executive Roger Nutt reassured lawmakers that toll increases will allow it to avoid financial calamity.
 
Wagner wants the General Assembly to repeal a 2007 law that is producing hundreds of millions annually for transportation projects and public transit.

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Topics : Business_FinanceEnvironment
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Locations : Pennsylvania
People : Jack WagnerRoger Nutt
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