Revenue discussions continue as lawmakers work to meet Monday deadline

Revenue discussions continue as lawmakers work to meet Monday deadline

With June 30th coming and going, so goes another month of revenues and the close of the FY 2016-2017 budget year; however, unlike previous months, June’s revenue did come in slightly over estimate.

 

According to figures reported by the Pennsylvania Department of Revenue, the Commonwealth’s General Fund revenues for the month of June came in just more than $11 million over estimate. While major revenue generators like the personal income and sales and use tax were down, the corporate net income tax and inheritance tax outpaced estimates to put the Commonwealth in the black for the month of June.

Wednesday, July 5, 2017/Author: Jason Gottesman
Categories: News and Views
Legislature sends Gov. Wolf $31.99 billion spending plan as revenue discussions heat up

Legislature sends Gov. Wolf $31.99 billion spending plan as revenue discussions heat up

After a day of debate in the Pennsylvania General Assembly, legislators in both chambers voted to send a $31.99 billion FY 2017-2018 spending plan to Gov. Tom Wolf on Friday.

Friday, June 30, 2017/Author: Jason Gottesman
Categories: News and Views
Legislators poised to send Gov. Wolf $31.9 billion spending plan with revenue to follow at some point

Legislators poised to send Gov. Wolf $31.9 billion spending plan with revenue to follow at some point

After a late-night vote in the Senate Appropriations Committee Thursday, members of the General Assembly could send Gov. Tom Wolf a $31.99 billion FY 2017-2018 budget as soon as Friday.

 

That being said, a lot remains up in the air—including how they plan on paying for the spend number.

Thursday, June 29, 2017/Author: Jason Gottesman
Categories: News and Views
Budget, revenue talks roll on with little discernible end

Budget, revenue talks roll on with little discernible end

We’re now just two days from the end of Pennsylvania’s current fiscal year and talks among top lawmakers about how to close out the current fiscal year and balance the coming fiscal year’s budget are still taking top priority at the state Capitol, but substantial agreement has yet to be seen.

Wednesday, June 28, 2017/Author: Jason Gottesman
Categories: News and Views
With three days before the PA budget deadline a universal agreement remains elusive

With three days before the PA budget deadline a universal agreement remains elusive

There’s just three session days remaining before the clock turns over to a new fiscal year and lawmakers are still without a universal agreement on a spending plan or a revenue package to close out the current fiscal year and balance the coming year’s budget.

Tuesday, June 27, 2017/Author: Jason Gottesman
Categories: News and Views
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