IFO revises current-year revenue estimates down $900 million from initial estimate

IFO revises current-year revenue estimates down $900 million from initial estimate

As lawmakers work to craft a FY 2017-2018 spending plan in the waning days of the current fiscal year, the Independent Fiscal Office on Thursday released its statutorily-required revenue estimate for the current and coming fiscal year, showing a $900 million downward revision from the revenue estimate made at the beginning of the fiscal year.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: News and Views

Rotunda Ramblings - Episode 45: Rep. Joe Markosek (D-Allegheny)

We have a budget-focused podcast this week where we sit down with House Appropriations Committee Democratic Chairman Joe Markosek (D-Allegheny) to discuss where things stand with developing a balanced FY 2017-2018 spending plan, what House Democrats hope to see out of the budget and related bills, and what needs to be done to rid Pennsylvania of its perennial structural deficit.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
GOP leadership holds high-level budget planning pow-wow

GOP leadership holds high-level budget planning pow-wow

In what is likely the beginning of an exhaustive series of high-level budget-related discussions among leadership between the House and Senate, Republican leaders gathered in the Senate Majority Leader’s office Wednesday morning to work on establishing a roadmap and timetable for wrapping up a budget for the coming fiscal year.

Wednesday, June 14, 2017/Author: Jason Gottesman
Categories: News and Views
Reed on budget optimism: “Better this year than previous years”

Reed on budget optimism: “Better this year than previous years”

With public pension reform signed into law Monday, lawmakers will soon turn their attention to crafting a state spending plan, which is due in just 18 days as of this writing.

 

While high-level five-party negotiations have not been the norm in crafting the coming year’s spending plan, The PLS Reporter caught up with House Majority Leader Dave Reed (R-Indiana) who relayed that with pension reform completed and budgetary pieces like a gaming expansion bill making their way to the finish line, negotiations are likely to heat up soon.

Monday, June 12, 2017/Author: Jason Gottesman
Categories: News and Views

Rotunda Ramblings - Episode 44: Wendell Young IV

Wendell Young IV, the president of UFCW 1776, joins the podcast this week to argue against further liquor privatization. We talk about the budgetary side of the debate, how further privatization might impact jobs, and what his organization will be up to in order to prevent further privatization legislation from becoming law.

 

In an overview of the week's news, we discuss the House vote on gaming expansion legislation, the pension reform bill on the governor's desk, and give a budget update.

Friday, June 9, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
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