Rotunda Ramblings - Episode 33: Senate Minority Leader Jay Costa (D-Allegheny)

Senate Minority Leader Jay Costa (D-Allegheny) joins the podcast this week to talk about Senate Democratic priorities for this session, the coming budget, gaming expansion, and more!

Friday, February 3, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
Monthly revenue numbers finally exceed estimate, but still lag in year-to-date collections

Monthly revenue numbers finally exceed estimate, but still lag in year-to-date collections

With the turning over of a new month, the Pennsylvania Department of Revenue released its monthly revenue figures for October, noting revenue exceeded estimates by $36.1 million.

 

Collections in October were largely driven by corporate tax collections, which were nearly $32 million over estimate. While the sales tax collections also exceeded expectations, collections for the personal income tax fell short of their estimated amount.

Wednesday, November 2, 2016/Author: Jason Gottesman
Categories: News and Views
Additional options put on revenue negotiating table

Additional options put on revenue negotiating table

After a late-week scrap over which sources of revenue to fill the roughly $1.3 billion budget hole have legislative support, caucus leaders returned from the July Fourth holiday Tuesday to once again sit down at the negotiating table, this time bringing additional options for how to fully fund the $31.6 billion spending plan sent to the governor’s desk last week.

 

The leading proposal to emerge from a meeting of the four legislative caucus leaders Tuesday morning was one to include a $300 million loan from the State Workers’ Insurance Fund (SWIF) to replace revenue that could’ve been raised from the reimplementation of a now-controversial Gross Receipts Tax on natural gas.

Tuesday, July 5, 2016/Author: Jason Gottesman
Categories: News and Views
House Gaming Chairman: PA must act soon to remain competitive

House Gaming Chairman: PA must act soon to remain competitive

House Gaming Control Committee Chairman John Payne (R-Dauphin) said Tuesday that while the commonwealth is not behind the curve in remaining competitive in the gaming industry, it must act soon lest the wave of change pass by Pennsylvania.

“We’re right there, we’re at the edge,” he said of the need to act. “Does it have to be today? No. We’re not talking five years from now. We’ll be on the wrong side of the ship. It’ll be upside down.”

He added the timeline could be as short as three years depending on what surrounding states like Ohio and Maryland do in terms of iGaming, fantasy sports betting, and other gaming expansion concepts noting Pennsylvania is “right where we need to do something.”

“Once you’re set up and you’ve got it regulated and you’re getting all the revenue from it and it’s a safe, secured site, you’re going to be a lot better bet to go to than one that doesn’t have it,” he said. “The casinos that have it are at a competitive advantage.”

Tuesday, November 10, 2015/Author: Jason Gottesman
Categories: News and Views
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