Budget hearings begin in era of “new normal”

Budget hearings begin in era of “new normal”

The legislature Tuesday began its three-week slate of budget hearings in what one ranking Appropriations Committee member called an era of “new normal.”

 

The budget hearing process, undertaken by the Appropriations Committee in the House and Senate, traditionally takes place in the period following the governor’s budget address and before the run-up to the enactment of the state budget in early summer.

Tuesday, February 21, 2017/Author: Jason Gottesman
Categories: News and Views
IFO revises revenue estimates down

IFO revises revenue estimates down

The Independent Fiscal Office Wednesday released a revised revenue estimate for the current fiscal year, prognosticating that the General Fund will end up with a with $250 million less than they anticipated in their last revenue estimate in November.

Wednesday, January 25, 2017/Author: Jason Gottesman
Categories: News and Views
Continuing a trend, December’s General Fund revenue comes in under estimate

Continuing a trend, December’s General Fund revenue comes in under estimate

The turn of the calendar year marked the halfway point of the state’s fiscal year and, on Tuesday, state agencies watching Pennsylvania’s revenue stream relayed that December’s General Fund revenue collections came in under estimate, with year-to-date revenues still falling short of expected amounts and December’s collections below that brought in during the same period last year.

Wednesday, January 4, 2017/Author: Jason Gottesman
Categories: News and Views
A week of woe for Pennsylvania’s fiscal health

A week of woe for Pennsylvania’s fiscal health

While last week’s election brought the prospect for change at the national level, the week following the election in Pennsylvania brought more of the same in terms of legislative leadership and, more importantly, Pennsylvania’s fiscal outlook.

 

The negative news concerning the current state of Pennsylvania’s budget and a depressing future outlook began Tuesday when the Independent Fiscal Office provided its five-year financial outlook that noted budget deficits are only likely to increase from $1.7 billion for FY 2017-2018 to $3 billion in FY 2021-2022.

Thursday, November 17, 2016/Author: Jason Gottesman
Categories: News and Views
House caucuses elect leadership for coming session

House caucuses elect leadership for coming session

The House of Representatives held its last voting session day of the 2015-2016 legislative term Tuesday and while no substantive votes were held, both legislative caucuses elected slates of internal leadership to lead them in the 2017-2018 session.

 

In the House Republican Caucus, there were three changes in leadership. Rep. Stan Saylor (R-York) took the highest profile open leadership spot by being elected as House Appropriations Majority Chairman on the first ballot.

Tuesday, November 15, 2016/Author: Jason Gottesman
Categories: News and Views
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