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
Legislation to ban local taxes, regulation on plastic bags vetoed by Gov. Wolf

Legislation to ban local taxes, regulation on plastic bags vetoed by Gov. Wolf

Last Friday, Gov. Tom Wolf vetoed House Bill 1071 on grounds of pre-emption and constitutionality according to statements released by his office.

House Bill 1071, prime sponsored by Rep. Frank Farry (R-Bucks), prohibits counties and municipalities from imposing a ban, fee, surcharge or tax on recyclable plastic bags at point of sale. Rep. Farry created the legislation to promote the plastic bag workforce and encourage recycling programs related to the disposal of plastic bags.

This legislation has been discussed in the previous years and some municipalities—namely Philadelphia and Pittsburgh—have attempted or discussed placing a tax on plastic bags in the past. 

Wednesday, July 5, 2017/Author: Kyle Maguire
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
VIDEO: Gov. Wolf signs bill that would increase penalties for those who endanger children

VIDEO: Gov. Wolf signs bill that would increase penalties for those who endanger children

At a press conference Thursday morning Gov. Tom Wolf signed House Bill 217, a bill that would increase penalties for those who endanger children.

This bill will now be Act 12 and will strengthen Pennsylvania’s child endangerment laws to help protect children from abuse.
Thursday, June 29, 2017/Author: Kara Barmoy
Categories: Video
RSS
First567891011121314Last