Pennsylvania, which has shored up its finances in recent years, continues to face structural budget problems as some bond raters project a budget gap of at least $1 billion for fiscal 1996.

Raters are forecasting the fiscal 1996 gap based on revenue and expenditure items in the state's fiscal 1995 budget, which ends June 30. At this point, the state's fiscal 1995 budget is in balance, and may even produce a surplus.

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