As revenue projections hold, IFO sees continued weakness in sales tax growth

As revenue projections hold, IFO sees continued weakness in sales tax growth

Appearing before the House State Government Committee Wednesday to brief members on their current and legislatively proposed job functions, the Independent Fiscal Office reported that while their current year revenue projections are holding firm, there is continued weakness in sales tax growth that is ultimately adding to undermined General Fund revenue collections.

Wednesday, August 30, 2017/Author: Jason Gottesman
Categories: News and Views
Revenue discussion update: Wolf warns sternly as House GOP works toward consensus plan

Revenue discussion update: Wolf warns sternly as House GOP works toward consensus plan

Progress toward an eventual budget solution crept forward on Tuesday as several dozen House Republicans gathered in the state Capitol for a briefing on a plan some members have developed that relies mainly on special fund transfers to dig Pennsylvania out of its current $2.2 billion deficit.

Tuesday, August 29, 2017/Author: Jason Gottesman
Categories: News and Views
Markosek: “The leadership in the House Democratic caucus is at least on board with trying to get those votes” for budget revenue

Markosek: “The leadership in the House Democratic caucus is at least on board with trying to get those votes” for budget revenue

The halls of state Capitol remained quiet Monday as Pennsylvania’s revenue-related budget impasse rolled into its ninth full week.

While a few members of House legislative leadership were in the building, not much visible progress was made toward balancing the state’s $31.99 billion spending plan, which is currently $2.2 billion out of balance.

Monday, August 28, 2017/Author: Jason Gottesman
Categories: News and Views
Gov. Wolf: “The right thing to do is for the House Republicans to get back to work and finish the job”

Gov. Wolf: “The right thing to do is for the House Republicans to get back to work and finish the job”

With the Commonwealth perhaps just days or weeks away from the need to borrow additional money to keep the General Fund balance above zero and maintain paying the state’s bills, Gov. Tom Wolf said Tuesday that House Republicans need to return to session to work through a solution that balances the $31.99 billion budget that became law in early July.

Tuesday, August 22, 2017/Author: Jason Gottesman
Categories: News and Views
Scarnati: “This isn’t governing, this is an embarrassment”

Scarnati: “This isn’t governing, this is an embarrassment”

As state lawmakers are staring down the prospect of a credit downgrade and the lack of spendable General Fund money in the absence of a balanced budget, the rhetoric and frustration were visibly ramped up Monday as the House Republican Caucus continues to try to work to find some sort of a compromise on $2.2 billion worth of money needed to balance the $31.99 billion budget enacted earlier this summer.

Monday, August 21, 2017/Author: Jason Gottesman
Categories: News and Views
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