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
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
Noting potential credit downgrade, Gov. Wolf urges House to finish balancing the state budget

Noting potential credit downgrade, Gov. Wolf urges House to finish balancing the state budget

Gov. Tom Wolf Monday urged House Republicans to return to voting session as soon as possible to finish up balancing the state budget before the Commonwealth faces another credit downgrade.

 

“They know they’ve got to get to work and we’ve got to get the job done. I think House Republicans are aware of that, I know they are aware of that,” he said. “Standard and Poor’s is threatening a downgrade and I’m trying to hold them off, but they’re looking at what goes on here and, basically, House Republicans need to get back here and get this over the finish line.”

Monday, August 14, 2017/Author: Jason Gottesman
Categories: News and Views
With budget revenue agreement languishing, Treasury loans $750 million to General Fund

With budget revenue agreement languishing, Treasury loans $750 million to General Fund

State Treasurer Joe Torsella and Auditor General Eugene DePasquale announced Thursday that a $750 million loan has been authorized by the state Treasury to the General Fund to keep the so-called largest of the state’s checkbooks from reaching a zero balance.

Thursday, August 3, 2017/Author: Jason Gottesman
Categories: News and Views
RSS
12345