New Revenue Sources Likely to be Included in Budget

Monday morning saw the first of what will likely be many June meetings between House and Senate leadership to formulate a state budget.

Following that meeting, Republican leadership in both chambers agreed new revenue sources, fund transfers, and the efficacy of continuing tax cuts will all be on the table to balance a state budget that will follow months of less-than-expected revenue collections.

The exact nature of what that will look like, however, differed.


Monday, June 2, 2014/Author: Jason Gottesman
Categories: News and Views

New Jersey a Useful Case Study as Commonwealth Mulls iGaming for Budget Gap

On televisions across New Jersey in recent months, commercial breaks have been peppered with advertisements for the latest addition to the Garden State’s extensive stable of gambling options - online gaming. The state legalized the activity, also known as iGaming, in November of last year, and though revenues have fallen far short of estimates over its first six months – Gov. Chris Christie was counting on upwards of $200 million from state casinos by the end of the fiscal year - the state Treasury still expects to collect millions in taxes by the end of June, and for the number to continue growing over time.


Given Pennsylvania’s growing budgetary concerns, namely a deficit now upwards of $1.4 billion, is the likelihood growing that the Corbett administration could take a similar step and legalize online gambling, incorporating lessons learned from New Jersey? The PLS Reporter finds out.


Friday, May 30, 2014/Author: Mike Howells
Categories: News and Views

As Budget Deadline Draws Near, Bill’s Introduction Lingers

In 2011, newly-minted House Majority Leader Mike Turzai (R-Allegheny) promised the House would pass a budget by Memorial Day, that year falling on May 30.

On May 24, 2011, that promise was made true when the House—after much debate—passed a budget by a 109-92 margin. While the budget was not finally signed into law until June 30 of that year, the passage in May was a sea change from prior years under the Rendell administration.

Fast forward three budget cycles to the present, May 30, 2014, and no general appropriations bill has been introduced in either chamber. By the time the General Assembly returns on June 2, Memorial Day will have been a week away.

So when can one expect to see formal legislation introduced, officially kicking off the annual June budget season?

Friday, May 30, 2014/Author: Jason Gottesman
Categories: News and Views
Tags: budget
VIDEO: Combined FY 13-14, 14-15 Executive Revenue Estimates Off $1.3 Billion, IFO States in Initial Revenue Estimate

VIDEO: Combined FY 13-14, 14-15 Executive Revenue Estimates Off $1.3 Billion, IFO States in Initial Revenue Estimate

The Independent Fiscal Office (IFO) Thursday unveiled its initial revenue estimate for the current and upcoming fiscal years.

Thursday, May 1, 2014/Author: The PLS Reporter
Categories: Video

Despite $650 Million in Innovation Savings, April Revenue Collections Dim Budget Picture

Gov. Tom Corbett and several cabinet secretaries today announced nearly $650 million in savings from innovation in the three years since the administration took office.

“Today’s state government is much leaner and much more efficient,” said Secretary of Administration Kelly Powell Logan.

Following the event, however, questions from the media concerning worse-than-projected April revenue figures faced the governor.

Tuesday, April 29, 2014/Author: The PLS Reporter
Categories: News and Views