Gov. Wolf pumps the brakes on PLCB borrowing effort as CFA moves forward with $1.5 billion monetization of Tobacco Settlement Fund dollars

Gov. Wolf pumps the brakes on PLCB borrowing effort as CFA moves forward with $1.5 billion monetization of Tobacco Settlement Fund dollars

The Commonwealth Financing Authority board on Tuesday unanimously adopted a resolution granting authority for staff to move forward with either a bond or sale of future revenues headed to the state’s Tobacco Settlement Fund in an amount not to exceed $1.5 billion.

 

That action, according to the Wolf administration, has allowed the governor to put the brakes on his pursuit of seeking $1.25 billion in up-front monetization of future General Fund transfers from the Pennsylvania Liquor Control Board.

Tuesday, November 14, 2017/Author: Jason Gottesman
Categories: News and Views
DePasquale riffs on budget morass

DePasquale riffs on budget morass

Auditor General Eugene DePasquale Thursday offered takes related to the current state budget situation, noting those in charge of figuring out how to balance and manage state finances are not facing “a lot of ideal decisions.”

Thursday, October 12, 2017/Author: Jason Gottesman
Categories: News and Views
Gov. Wolf confident October pressure-point payments will not be missed

Gov. Wolf confident October pressure-point payments will not be missed

Gov. Tom Wolf said Wednesday that as he continues to manage the state’s fiscal situation in the absence of a budget-balancing revenue package from the General Assembly, he is confident that State Treasurer Joe Torsella will resume authorizing short-term lending to allow enough cash-on-hand to make October payments to human services providers and public schools.

Wednesday, October 11, 2017/Author: Jason Gottesman
Categories: News and Views
As latest revenue deal breaks down, Gov. Wolf steps in to manage state finances

As latest revenue deal breaks down, Gov. Wolf steps in to manage state finances

As the latest attempts by the state General Assembly to reach agreement on budget-balancing revenue broke down Wednesday, Gov. Tom Wolf announced he is stepping in to balance the Commonwealth’s books.

Wednesday, October 4, 2017/Author: Jason Gottesman
Categories: News and Views
Senate committee takes deep dive into Stop & Go crackdown possibilities

Senate committee takes deep dive into Stop & Go crackdown possibilities

Continuing what has been something of a budget-season sidelight, the Senate Law and Justice Committee on Tuesday held a hearing with members of the Pennsylvania State Police and Pennsylvania Liquor Control Board to examine the legislature’s options in terms of cracking down on so-called Stop & Go liquor establishments.

Tuesday, September 19, 2017/Author: Jason Gottesman
Categories: News and Views
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