Noting potential credit downgrade, Gov. Wolf urges House to finish balancing the state budget

Noting potential credit downgrade, Gov. Wolf urges House to finish balancing the state budget

Gov. Tom Wolf Monday urged House Republicans to return to voting session as soon as possible to finish up balancing the state budget before the Commonwealth faces another credit downgrade.

 

“They know they’ve got to get to work and we’ve got to get the job done. I think House Republicans are aware of that, I know they are aware of that,” he said. “Standard and Poor’s is threatening a downgrade and I’m trying to hold them off, but they’re looking at what goes on here and, basically, House Republicans need to get back here and get this over the finish line.”

Monday, August 14, 2017/Author: Jason Gottesman
Categories: News and Views
With budget revenue agreement languishing, Treasury loans $750 million to General Fund

With budget revenue agreement languishing, Treasury loans $750 million to General Fund

State Treasurer Joe Torsella and Auditor General Eugene DePasquale announced Thursday that a $750 million loan has been authorized by the state Treasury to the General Fund to keep the so-called largest of the state’s checkbooks from reaching a zero balance.

Thursday, August 3, 2017/Author: Jason Gottesman
Categories: News and Views
Pennsylvania’s Medical Marijuana program implementation remains on time, but applicants question license decisions

Pennsylvania’s Medical Marijuana program implementation remains on time, but applicants question license decisions

Pennsylvania’s timeline for implementation of the Commonwealth’s medical marijuana program remains on track, despite some outside of the government involved in the process noting concerns with how the program has gotten off the ground.

Thursday, July 20, 2017/Author: Kyle Maguire
Categories: News and Views
VIDEO: DePasquale discusses concerns about Commonwealth's General Fund

VIDEO: DePasquale discusses concerns about Commonwealth's General Fund

After a recent conference call hosted by Auditor General Eugene DePasquale and Treasurer Torsella that warned legislators about continued internal borrowing for perennially low General Fund balances, The PLS Reporter sat down with the Auditor General to go more in to depth about the topic. 

Wednesday, June 21, 2017/Author: Kara Barmoy
Categories: Video
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
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