As budget-related revenue impasse continues, S&P downgrades Pennsylvania’s bond rating

As budget-related revenue impasse continues, S&P downgrades Pennsylvania’s bond rating

Standard and Poor’s announced on Wednesday morning that they are downgrading Pennsylvania’s bond rating amid the ongoing budget stalemate, the failure of lawmakers to fix Pennsylvania’s chronic structural imbalance, and weakening liquidity.

Wednesday, September 20, 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
Rep. Dan McNeill passes away

Rep. Dan McNeill passes away

House leaders confirmed on Friday that Rep. Dan McNeill (D-Lehigh) passed away at the age of 70.

Sunday, September 10, 2017/Author: Jason Gottesman
Categories: News and Views
House GOP coalition unveils “The Taxpayers’ Budget”

House GOP coalition unveils “The Taxpayers’ Budget”

Six weeks of work by a cadre of 18 rank-and-file House Republicans—self-entitled the “budget hawks”—was brought to fruition Tuesday as the group unveiled their long-anticipated budget plan that balances last year’s books and the $31.99 billion spending plan passed in June by utilizing special fund transfers, closing tax loopholes, moving around excess funds, and other funding maneuvers to avoid a tax increase and borrowing from the state’s Tobacco Settlement Fund.

Tuesday, September 5, 2017/Author: Jason Gottesman
Categories: News and Views
Rep. Gergely pleads guilty to corruption-related charges

Rep. Gergely pleads guilty to corruption-related charges

Rep. Marc Gergely (D-Allegheny) pled guilty Tuesday to a set of charges related to conspiracy and the illegal receipt of campaign donations in a larger case related to an illegal gambling ring with which Rep. Gergely was associated.

Tuesday, August 15, 2017/Author: Jason Gottesman
Categories: News and Views
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