Facing increasing deficits, Gov. Wolf proposes $32.3 billion budget balanced on substantial revenue and structural reforms

Facing increasing deficits, Gov. Wolf proposes $32.3 billion budget balanced on substantial revenue and structural reforms

Gov. Tom Wolf gave the third budget address of his tenure Tuesday afternoon before a joint session of the General Assembly. The proposed budget he presented to legislators for FY 2017-2018 rings in at a total of $32.3 billion, a 1.8 percent increase over last year’s spending number.

 

The increase in spending comes as Pennsylvania faces an ongoing struggle with its structural deficit, leaving a hole of upwards of $700 million for the current fiscal year and potentially as high as $2.3 billion for the coming fiscal year.

Tuesday, February 7, 2017/Author: Jason Gottesman
Categories: News and Views

Rotunda Ramblings - Episode 33: Senate Minority Leader Jay Costa (D-Allegheny)

Senate Minority Leader Jay Costa (D-Allegheny) joins the podcast this week to talk about Senate Democratic priorities for this session, the coming budget, gaming expansion, and more!

Friday, February 3, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
PA revenue returns continue to fall below estimate

PA revenue returns continue to fall below estimate

The Pennsylvania Department of Revenue Wednesday afternoon announced that General Fund revenue sources continued to come in below estimate, falling shy of January’s anticipated funds by $49.8 million.

 

For the fiscal-year-to-date, revenues are 2.5 percent, or $416.8 million, below estimate.

Thursday, February 2, 2017/Author: Jason Gottesman
Categories: News and Views
Gov. Wolf to seek consolidation of four state agencies

Gov. Wolf to seek consolidation of four state agencies

Continuing to seek government efficiencies and consolidation instead of broad-based tax increases to balance the coming fiscal year’s budget, Gov. Tom Wolf formally announced Monday the long-rumored consolidation of four state agencies into one Department of Health and Human Services.

 

According to the administration, the four agencies that will be consolidated are the Department of Human Services, Department of Health, Department of Aging, and Department of Drug and Alcohol Programs.

Monday, January 30, 2017/Author: Jason Gottesman
Categories: News and Views
IFO revises revenue estimates down

IFO revises revenue estimates down

The Independent Fiscal Office Wednesday released a revised revenue estimate for the current fiscal year, prognosticating that the General Fund will end up with a with $250 million less than they anticipated in their last revenue estimate in November.

Wednesday, January 25, 2017/Author: Jason Gottesman
Categories: News and Views
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