BALANCING ACT
Here are the details of the state budget deal struck early today between Gov. Ed Rendell and state legislative leaders:
BUDGET
4 $28.2 billion for fiscal year 2008-09, beginning Tuesday
• 3.8 percent increase over past year's spending
• Does not require any broad-based tax or fee increases
• Uses about $550 million in one-time funds to fill hole in revenues
• Does not dip into state's budget reserve to support spending
• Agreement before fiscal year's end averts threatened furloughs of 25,000 state workers
BORROWING
• $800 million from slot-machine gambling revenues for dams and water and sewer facilities
• $500 million from electric utility gross receipts tax revenue for alternative energy projects
• $800 million from general tax revenues for civic redevelopment projects
• $350 million from motorist fees and taxes to fix about 400 of the state's most dangerous bridges
ADDITIONAL LEGISLATION
• Requirement that alternative fuels be added to each gallon of diesel or gas as in-state production rises.
