Gov. Wolf confident October pressure-point payments will not be missed

Gov. Wolf confident October pressure-point payments will not be missed

Gov. Tom Wolf said Wednesday that as he continues to manage the state’s fiscal situation in the absence of a budget-balancing revenue package from the General Assembly, he is confident that State Treasurer Joe Torsella will resume authorizing short-term lending to allow enough cash-on-hand to make October payments to human services providers and public schools.

Wednesday, October 11, 2017/Author: Jason Gottesman
Categories: News and Views
Treasurer Torsella defends not loaning money to General Fund

Treasurer Torsella defends not loaning money to General Fund

State Treasurer Joe Torsella Monday defended his recent decisions to discontinue loaning funds from Treasury’s short-term investment pool and not authorizing the ability of the Commonwealth to seek outside borrowing without a balanced budget based on his interpretation of prudent lending standards and precedent in making similar types of financial maneuvers.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
Senate begins review of House-passed budget-balancing plan

Senate begins review of House-passed budget-balancing plan

The Pennsylvania Senate reconvened Monday for the first time since July and their top order of business was a review of the budget-balancing plan the House passed last week.

Monday, September 18, 2017/Author: Jason Gottesman
Categories: News and Views
As state announces payment delays, House GOP appeals for more short-term funding

As state announces payment delays, House GOP appeals for more short-term funding

As Pennsylvania’s budget-related impasse drags on and the state legislative chambers volley budget-balancing plans between each other, Gov. Tom Wolf on Friday announced the state will be delaying some payments to insurers and for pension obligations in order to keep the state’s budget balanced in the absence of additional revenue for the General Fund.

Friday, September 15, 2017/Author: Jason Gottesman
Categories: News and Views
House GOP sends budget-funding plan to Senate

House GOP sends budget-funding plan to Senate

House Republicans on Wednesday passed what they entitled “The Putting People First Budget,” a budget-balancing plan that provides $2.3 billion in funding to close the $2.2 billion accumulated budget deficit facing the Commonwealth in FY 2017-2018, by a vote of 103 to 91. 

Wednesday, September 13, 2017/Author: Jason Gottesman
Categories: News and Views
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