by electricron
RocketJet wrote:California is also in HUGE debt but it is still spending couple Billion, it may be bad timing right now, but it is certainly still possible.California also had a state wide referendum to go further into debt to finance $9 Billion to start building CHSR, Pennsylvania hasn't.
California has been selling bonds for highway projects for years, except for turnpikes I'm not sure Pennsylvania has been. California has also had economic and population growth for decades, which is what they have been relying upon to pay off indebtness - I'm not so sure Pennsylvania has had as high a growth rate the last few decades.
States can't print money. Every dollar taken out of general funds for transportation is one less dollar available for everything the state finances from these general funds - education, medicare, unemployment benefits, judicial, legislative, economic developments, etc.