GOP plan to balance the budget by leveraging state assets, borrowing draws mixed reaction

GOP plan to balance the budget by leveraging state assets, borrowing draws mixed reaction

As the page turns on a fresh week for state lawmakers to work on crafting a FY 2017-2018 budget plan, news bubbled up early Monday that Republican lawmakers—absent the desire for broad-based tax increases, a severance tax on natural gas, or closing tax exemptions—were looking at leveraging state assets and potential borrowing to help balance the coming fiscal year’s spending plan.

Monday, June 19, 2017/Author: Jason Gottesman
Categories: News and Views
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PA unemployment rate hits 5.0 percent in May

PA unemployment rate hits 5.0 percent in May

The Pennsylvania Department of Labor and Industry Friday released May’s unemployment situation report that noted Pennsylvania’s unemployment rate was up one-tenth of one percentage point to five percent.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: News and Views
IFO revises current-year revenue estimates down $900 million from initial estimate

IFO revises current-year revenue estimates down $900 million from initial estimate

As lawmakers work to craft a FY 2017-2018 spending plan in the waning days of the current fiscal year, the Independent Fiscal Office on Thursday released its statutorily-required revenue estimate for the current and coming fiscal year, showing a $900 million downward revision from the revenue estimate made at the beginning of the fiscal year.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: News and Views
Philadelphia City Council passes $4.4 billion budget

Philadelphia City Council passes $4.4 billion budget

Before recessing for the summer, Philadelphia City Council on Thursday passed a $4.4 billion operating budget for FY 2018.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: Philadelphia

Rotunda Ramblings - Episode 45: Rep. Joe Markosek (D-Allegheny)

We have a budget-focused podcast this week where we sit down with House Appropriations Committee Democratic Chairman Joe Markosek (D-Allegheny) to discuss where things stand with developing a balanced FY 2017-2018 spending plan, what House Democrats hope to see out of the budget and related bills, and what needs to be done to rid Pennsylvania of its perennial structural deficit.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: Rotunda Ramblings
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