Pennsylvania's 67 counties continue to wait for state aid and reimbursements as lawmakers have yet to resolve a fiscal 2010 budget battle, though market participants say local governments can ride out the storm until the spending plan is passed.

Rating analysts, county officials, and the County Commissioners Association of Pennsylvania say county governments are all right for now, but by November local governments with liquidity issues will need to begin receiving state aid in order to provide essential services.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.