As revenue “deal” lingers incomplete, lawmakers work toward consensus on final plan

As revenue “deal” lingers incomplete, lawmakers work toward consensus on final plan

Amid widespread speculation of an agreed-to revenue framework to conclude the FY 2017-2018 budget, lawmakers returned to Harrisburg Monday to work toward getting final, yet elusive, agreement on a consensus plan that would fund the $2.2 billion deficit attached to the current fiscal year’s budget.

Monday, October 2, 2017/Author: Jason Gottesman
Categories: News and Views
Lawmakers continue incremental progress toward revenue agreement

Lawmakers continue incremental progress toward revenue agreement

State lawmakers continued working toward a budget-balancing revenue agreement on Tuesday, but any progress made was incremental, if at all.

Tuesday, September 26, 2017/Author: Jason Gottesman
Categories: News and Views
Treasurer Torsella defends not loaning money to General Fund

Treasurer Torsella defends not loaning money to General Fund

State Treasurer Joe Torsella Monday defended his recent decisions to discontinue loaning funds from Treasury’s short-term investment pool and not authorizing the ability of the Commonwealth to seek outside borrowing without a balanced budget based on his interpretation of prudent lending standards and precedent in making similar types of financial maneuvers.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
As state announces payment delays, House GOP appeals for more short-term funding

As state announces payment delays, House GOP appeals for more short-term funding

As Pennsylvania’s budget-related impasse drags on and the state legislative chambers volley budget-balancing plans between each other, Gov. Tom Wolf on Friday announced the state will be delaying some payments to insurers and for pension obligations in order to keep the state’s budget balanced in the absence of additional revenue for the General Fund.

Friday, September 15, 2017/Author: Jason Gottesman
Categories: News and Views
House returns to session to begin budget balancing blitz

House returns to session to begin budget balancing blitz

After taking a roughly seven week session hiatus, the state House of Representatives made their long-awaited return to voting session Monday as the Republican caucus in that chamber looks to try to find consensus on a revenue plan that can close the state’s $2.2 billion deficit.

Monday, September 11, 2017/Author: Jason Gottesman
Categories: News and Views
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