April revenues cool as budget movement heats up

April revenues cool as budget movement heats up

As the House of Representatives took procedural moves to forge ahead with a budget vehicle bill, the Independent Fiscal Office released April revenue numbers Monday showing collections came in well below last year’s intake.

April, one of the strongest revenue months of the fiscal year and a bell-weather of the crucial three remaining revenue months of the fiscal year that impact budgeting, saw its collections of $3.66 billion fall $348 million shy of last year’s collections.

Monday, May 2, 2016/Author: Jason Gottesman
Categories: News and Views
House pension reform proposal could soon be on the move

House pension reform proposal could soon be on the move

House Bill 727, legislation that would overhaul Pennsylvania’s public pension systems, could soon be on the move, sources tell The PLS Reporter.

Currently, the bill is on hold while the chamber awaits action by the Public Employee Retirement Commission to attach a note to a significant amendment by Rep. Mike Tobash (R-Schuylkill) that would alter the bill to provide for its key final components.

Monday, May 2, 2016/Author: Jason Gottesman
Categories: News and Views
With PERC restored, legislators to drop lawsuit to force funding

With PERC restored, legislators to drop lawsuit to force funding

The budget that became law last month without Gov. Tom Wolf’s signature included a provision that funded the Public Employee Retirement Commission, the independent legislative agency required to review legislation changing state pensions and provide oversight for municipal pension plan compliance.

A letter sent by Gov. Wolf’s chief-of-staff Mary Isenhour and Budget Secretary Randy Albright to the commission Monday acknowledged the budget does allow PERC to resume its statutory functions.

Tuesday, April 12, 2016/Author: Jason Gottesman
Categories: News and Views
Gov. Wolf to allow supplemental budget to become law without his signature

Gov. Wolf to allow supplemental budget to become law without his signature

Gov. Tom Wolf announced his decision Wednesday about what he will do with the $6 billion-plus budget supplemental the General Assembly put on his desk last week, saying at an afternoon press conference that he will allow the bill to become law without his signature.

He said he will also be allowing the non-preferred appropriations to become law.

Wednesday, March 23, 2016/Author: Jason Gottesman
Categories: News and Views
Legislative push to end current year’s budget process still faces Wolf question mark

Legislative push to end current year’s budget process still faces Wolf question mark

The Republican-led Pennsylvania General Assembly began to push a supplemental appropriation for the FY 2015-2016 budget Tuesday that they hope will land on the governor’s desk on Wednesday, and if enacted, would provide the fiscal year with a $30.025 billion, no-tax-increase budget.

However, that budget will need to be approved or vetoed by Gov. Tom Wolf, who said Tuesday he has not made up his mind about how to deal with the plan he still feels does not address Pennsylvania’s structural budget deficit.

Tuesday, March 15, 2016/Author: Jason Gottesman
Categories: News and Views
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