Revenue negotiations progress as lawmakers are set to miss Wolf’s October 1 deadline

Revenue negotiations progress as lawmakers are set to miss Wolf’s October 1 deadline

With the House and Senate not planning to return to session until Monday, legislators made it clear that the October 1 deadline put out by Gov. Tom Wolf last Tuesday is going to be missed.

 

However, that is not going to stop progress seemed to be made later in the week toward reaching a compromise on a plan to balance Pennsylvania’s $31.99 billion budget and close out the existing deficit from the prior fiscal year.

Thursday, September 28, 2017/Author: Jason Gottesman
Categories: News and Views
Lawmakers continue incremental progress toward revenue agreement

Lawmakers continue incremental progress toward revenue agreement

State lawmakers continued working toward a budget-balancing revenue agreement on Tuesday, but any progress made was incremental, if at all.

Tuesday, September 26, 2017/Author: Jason Gottesman
Categories: News and Views
Budget negotiators discuss new ideas as revenue talks continue

Budget negotiators discuss new ideas as revenue talks continue

While there was little in the way of public details, budget negotiators were in mid-June mode as new ideas made their way into revenue-related discussions that continued in earnest at the state Capitol Monday.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
Treasurer Torsella defends not loaning money to General Fund

Treasurer Torsella defends not loaning money to General Fund

State Treasurer Joe Torsella Monday defended his recent decisions to discontinue loaning funds from Treasury’s short-term investment pool and not authorizing the ability of the Commonwealth to seek outside borrowing without a balanced budget based on his interpretation of prudent lending standards and precedent in making similar types of financial maneuvers.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
Senate non-concurs in House revenue plan, seeks to restart negotiations in earnest

Senate non-concurs in House revenue plan, seeks to restart negotiations in earnest

In a day headlined by the state receiving a downgraded bond rating due to—among other reasons—its ongoing budget-related impasse, the Pennsylvania Senate Wednesday by a vote of 43-7 took the procedural step of voting to not concur in the latest budget-balancing plan passed by the House.

 

The hope is that the procedural move will set up a conference committee to swiftly move an agreed-to plan when one is reached.

Wednesday, September 20, 2017/Author: Jason Gottesman
Categories: News and Views
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