IFO predicts nearly $2 billion budget hole for next year, complicating budget picture

IFO predicts nearly $2 billion budget hole for next year, complicating budget picture

The Independent Fiscal Office latest numbers project a $1.7 billion deficit, a report that new Democratic fiscal chief Rep. Matt Bradford (D-Montgomery) would have preferred not to have seen.

“I only read good news,” he joked.

But the Minority Appropriations Committee Chair will likely be hearing a lot about that total over the next few months, as the General Assembly turns the page from the smooth election year budgeting of this year to 2019.

Wednesday, December 5, 2018/Author: Stephen Caruso
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
Lawmaker continues quest to regulate tattoo parlors, tongue splitting

Lawmaker continues quest to regulate tattoo parlors, tongue splitting

An adage often attributed to Albert Einstein says, “The definition of insanity is doing the same thing over and over again and expecting a different result.”

 

However, in early December, Rep. Tony DeLuca (D-Allegheny) proved that sometimes persistence pays off after his decade-plus quest to try and regulate tattooing, body-piercing, and corrective cosmetic artists finally received a committee vote.

Tuesday, December 19, 2017/Author: Jason Gottesman
Categories: News and Views
S&P downgrades PA credit outlook as revenue deal continues to evade legislative leaders

S&P downgrades PA credit outlook as revenue deal continues to evade legislative leaders

Much like the death of Mark Twain, it appears rumors of legislative leaders being close to a deal on a revenue package to close out FY 2016-2017 and balance FY 2017-2018 are greatly exaggerated.

 

After another quiet day in the Capitol Thursday that saw some rank-and-file members begin to return to the Capitol in advance of Friday’s planned House session day, it appears as though lawmakers are still nowhere near a global agreement that will bring about $2.2 billion to balance the Commonwealth’s books.

Thursday, July 6, 2017/Author: Jason Gottesman
Categories: News and Views
Senate caps off ambitious early session agenda by passing abortion restriction, “paycheck protection” bills

Senate caps off ambitious early session agenda by passing abortion restriction, “paycheck protection” bills

The Pennsylvania Senate has taken up an ambitious agenda early in the 2017-2018 term, addressing in its first three full session weeks bills dealing with natural gas minimum royalties and statute of limitations reform for child sex abuse cases.

 

As the Senate recessed for its annual round of budget hearings Wednesday, it did so after passing two other controversial proposals – one that would restrict abortions in Pennsylvania by disallowing them after the 21st week and one labeled “paycheck protection” in that it would prohibit the automatic deduction of public employee union dues money that would be used for political purposes.

Wednesday, February 8, 2017/Author: Jason Gottesman
Categories: News and Views
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