PA House, Wolf administration seek to clear the air on agencies’ special funds

PA House, Wolf administration seek to clear the air on agencies’ special funds

The House Appropriations Committee this week continued its slate of hearings with Wolf administration agency heads to delve deeper into what special funds various agencies have, how much is in the funds, what the funds are used for, and whether the special funds in question can be utilized to fill gaps in state revenue.

Thursday, January 25, 2018/Author: Jason Gottesman
Categories: News and Views
Rep. Grove bills would reform revenue estimate process, provide more information to IFO

Rep. Grove bills would reform revenue estimate process, provide more information to IFO

Seeking to take out what he sees as the politics of forecasting future revenue, Rep. Seth Grove (R-York) recently introduced two bills that would reform how the Commonwealth arrives at its annual revenue estimate and what information the Independent Fiscal Office is able to see when determining its revenue forecasts and provides independent information to the legislature about state finances.

Friday, January 12, 2018/Author: Jason Gottesman
Categories: News and Views
House Majority Leader Dave Reed talks 2018 legislative priorities

House Majority Leader Dave Reed talks 2018 legislative priorities

With the legislature returning to session in just less than two weeks, House Majority Leader Dave Reed (R-Indiana) provided an update Thursday on the various priorities of the House Republican Caucus and the state House of Representatives as a whole.

Thursday, January 11, 2018/Author: Jason Gottesman
Categories: News and Views
Lawmaker floats proposal to lower state’s personal income tax rate

Lawmaker floats proposal to lower state’s personal income tax rate

Hoping to boost the rate of Pennsylvania’s economic growth, Rep. Jason Ortitay (R-Washington) recently floated a proposal to lower the commonwealth’s personal income tax (PIT) rate from 3.07 percent to 2.82 percent.

 

The proposal comes on the heels of recently enacted federal tax reform that sought to cut taxes for the majority of Americans and spur economic growth, but was also projected to grow the national deficit.

Monday, January 8, 2018/Author: Jason Gottesman
Categories: News and Views
State collects $2.8 billion in December General Fund revenues

State collects $2.8 billion in December General Fund revenues

The Pennsylvania Department of Revenue and the Independent Fiscal Office each reported this week that state General Fund revenue collections for the month of December rang in at around $2.8 billion.

 

However, that’s where it appears agreement stops between two of the Commonwealth’s top fiscal forecasters.

Wednesday, January 3, 2018/Author: Jason Gottesman
Categories: News and Views
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