A closer look: Gov. Wolf proposes 6.5 percent severance tax in budget proposal

A closer look: Gov. Wolf proposes 6.5 percent severance tax in budget proposal

As part of his $32.3 billion spending plan for FY 2017-2018, Gov. Tom Wolf is counting on nearly $294 million from a 6.5 severance tax on natural gas extracts, less an impact fee credit.

 

What will it look like and how is it being received?

Thursday, February 9, 2017/Author: Jason Gottesman
Categories: News and Views
Republicans wary over Wolf-proposed-budget’s silence on cost drivers

Republicans wary over Wolf-proposed-budget’s silence on cost drivers

Though less combative than in past years following budget addresses by Gov. Tom Wolf, Republican leaders Tuesday offered their reaction to the governor’s FY 2017-2018 budget address.

 

Senate Republicans were first up to offer their spin on the governor’s proposed $32.3 billion spending plan, noting their concern that the governor was silent on major budget cost-drivers like pension reform and long-term care where Senate Majority Leader Jake Corman (R-Centre) said the governor “offered nothing to restructure the problem."

Tuesday, February 7, 2017/Author: Jason Gottesman
Categories: News and Views
Facing increasing deficits, Gov. Wolf proposes $32.3 billion budget balanced on substantial revenue and structural reforms

Facing increasing deficits, Gov. Wolf proposes $32.3 billion budget balanced on substantial revenue and structural reforms

Gov. Tom Wolf gave the third budget address of his tenure Tuesday afternoon before a joint session of the General Assembly. The proposed budget he presented to legislators for FY 2017-2018 rings in at a total of $32.3 billion, a 1.8 percent increase over last year’s spending number.

 

The increase in spending comes as Pennsylvania faces an ongoing struggle with its structural deficit, leaving a hole of upwards of $700 million for the current fiscal year and potentially as high as $2.3 billion for the coming fiscal year.

Tuesday, February 7, 2017/Author: Jason Gottesman
Categories: News and Views
Republicans cool to natural gas severance tax

Republicans cool to natural gas severance tax

Despite it being a locked inclusion for Gov. Tom Wolf’s budget address, Republican leaders confirmed Monday that they remain cool to the idea of a severance tax on natural gas extracts as a means to balance Pennsylvania’s budget.

 

After his Monday appearance at the Pennsylvania Press Club, House Majority Leader Dave Reed (R-Indiana) stated his caucus, despite some of his own members coming out with severance tax proposals of their own, is unlikely to support such a levy in the upcoming budget cycle.

Monday, January 23, 2017/Author: Jason Gottesman
Categories: News and Views

House members return to session with deep divides

The House of Representatives returned to Harrisburg Tuesday for a rare mid-July voting session and rank-and-file members of that chamber expressed frustrations and divides as deep as those in their leadership responsible for negotiating a new spending plan.

Rep. Lee James (R-Venango) told The PLS Reporter that while his district hasn’t seen the mailers sent to mainly Republican House districts in the southeast, he reported those of his district are happy with his vote in support of the Republican-crafted budget plan.

“I’m trying to hold the line on increasing taxes and that’s their main concern,” he said.

While he said he received about 100 “canned presentations” from school teachers, after he explained to people why he voted the way he did many reported that their union did not tell them about what the governor’s revenue plan would mean for them.

Giving a literal thumbs down to whether he’d support new revenue sources, Rep. James indicated new taxes are a non-starter for him.

“It’s kind of a non-event out in the western part of Pennsylvania as long as I hold the line on taxes,” he stated.

Tuesday, July 21, 2015/Author: Jason Gottesman
Categories: News and Views
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