House sends sweeping gaming expansion bill to Senate

House sends sweeping gaming expansion bill to Senate

With some form of gaming expansion on everyone’s plate for revenue generation to fund the FY 2017-2018 budget, the House took an important step Wednesday by loading a “kitchen sink” gaming expansion bill that includes the legalization of controversial video gaming terminals and expands Pennsylvania’s current gaming apparatus to include iGaming, fantasy sports regulation, airport gaming tablets, legalized sports betting, off track betting slots, and casino simulcasting.

 

The legislation also takes the step of fixing the local shares assessment found unconstitutional last year by the Pennsylvania Supreme Court and which lawmakers are obligated to fix in this budget cycle to ensure casino host communities get a share of the revenues.

Wednesday, June 7, 2017/Author: Jason Gottesman
Categories: News and Views
DePasquale, Torsella warn lawmakers that internal borrowing to plug General Fund holes might be a thing of the past

DePasquale, Torsella warn lawmakers that internal borrowing to plug General Fund holes might be a thing of the past

In a letter to lawmakers dated Wednesday, Auditor General Eugene DePasquale and Treasurer Joe Torsella warmed members of the General Assembly that the “Commonwealth’s fiscal challenges” might put an end to the often-used tool of borrowing from Treasury funds to ensure the General Fund does not fall into a negative balance.

Wednesday, June 7, 2017/Author: Jason Gottesman
Categories: News and Views
School district study seeks to address problems in proposed FY 17-18 budget

School district study seeks to address problems in proposed FY 17-18 budget

The Pennsylvania Association of School Business Officials (PASBO) and Pennsylvania Association of School Administrators (PASA) hosted a press call Wednesday morning to discuss the findings of plausible implications to school districts with regards to the FY 2017-2018 preliminary budget process.

In his proposed budget, Gov. Wolf committed to increased state education funding for Pre-K by $75 million, although that number was reduced to $25 million in House Republican budget.

Gov. Wolf also wanted to increase efficiencies of the state by cutting the transportation line item for school districts by $50 million. 

Wednesday, June 7, 2017/Author: Kyle Maguire
Categories: News and Views
GOP Appropriations chairmen optimistic about on-time budget

GOP Appropriations chairmen optimistic about on-time budget

As pension reform legislation is likely to wind up shortly in the legislative rearview mirror, all eyes will soon be turning into work on a state budget, which now only has 24 days remaining until the next fiscal year begins and a budget is set to be in place.

 

On Monday, The PLS Reporter caught up with House Appropriations Committee Majority Chairman Stan Saylor (R-York) and Senate Appropriations Committee Majority Chairman Pat Browne (R-Lehigh) for an update on where things stand.

Monday, June 5, 2017/Author: Jason Gottesman
Categories: News and Views
May revenues rosier, but the devil is in the details

May revenues rosier, but the devil is in the details

As expected, General Fund revenues for May 2017 exceeded estimate—by quite a large margin—but as the figures released Thursday revealed: the devil is in the details.

 

Overall, General Fund revenues for the month of May exceeded estimates by $98.5 million, nearly four percent, according to Department of Revenue numbers.

Friday, June 2, 2017/Author: Jason Gottesman
Categories: News and Views
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