Businessman Tom Wolf easily a four-way Democratic primary for Pennsylvania governor and will face incumbent Republican Tom Corbett in the general election.

Wolf earned 58% of the vote, according to state election results. He distanced himself from U.S. Rep. Allyson Schwartz and state Treasurer Robert McCord, who totaled 18% and 17%, respectively. Former state environmental secretary Katie McGinty had 7%.

State Rep. Michael Stack of Philadelphia will be Wolf's running mate. He easily defeated four other candidates. Harrisburg City Councilman Brad Koplinski, a significant player in that city's debt crisis, finished fourth.

Corbett ran unopposed and Lt. Gov. Jim Cawley will run again on the Republican ticket.

Although it drew little debate during the primary, Pennsylvania is staring at a $50 billion unfunded pension liability that has triggered downgrades from bond rating agencies. The gap is $73 billion including obligations by localities and counties, according to actuary Richard Dreyfuss, a senior fellow at the Commonwealth Foundation and an adjunct fellow at the Manhattan Institute for Policy Research.

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.