Gov. Wolf pumps the brakes on PLCB borrowing effort as CFA moves forward with $1.5 billion monetization of Tobacco Settlement Fund dollars

Gov. Wolf pumps the brakes on PLCB borrowing effort as CFA moves forward with $1.5 billion monetization of Tobacco Settlement Fund dollars

The Commonwealth Financing Authority board on Tuesday unanimously adopted a resolution granting authority for staff to move forward with either a bond or sale of future revenues headed to the state’s Tobacco Settlement Fund in an amount not to exceed $1.5 billion.

 

That action, according to the Wolf administration, has allowed the governor to put the brakes on his pursuit of seeking $1.25 billion in up-front monetization of future General Fund transfers from the Pennsylvania Liquor Control Board.

Tuesday, November 14, 2017/Author: Jason Gottesman
Categories: News and Views
George McAuley opens for IdeaLink 20/20 awards ceremony

George McAuley opens for IdeaLink 20/20 awards ceremony

Deputy Secretary for the Highway Administration, George W. McAuley Jr., opened the 2017 IdeaLink 20/20 awards ceremony for PennDot employees where employees shared innovative ideas to help improve the department. 

Tuesday, November 14, 2017/Author: Kara Barmoy
Categories: Video
Senate committee advances bill to bring more teeth to state's lobbyist disclosure law

Senate committee advances bill to bring more teeth to state's lobbyist disclosure law

The Senate State Government Committee Monday advanced a House-passed piece of legislation that would bring more teeth to the state’s lobbyist disclosure law.
Monday, November 13, 2017/Author: Jason Gottesman
Categories: News and Views
Yearly awareness week for students experiencing homelessness kicks off at state Capitol

Yearly awareness week for students experiencing homelessness kicks off at state Capitol

Sonia Pitzi the Regional Coordinator for Education for Children and Youth Experiencing Homelessness spoke in the Main Rotunda Monday morning for the organization's yearly awareness week. This year's awareness week is called "The Education for Students Experiencing Homelessness."

Monday, November 13, 2017/Author: Kara Barmoy
Categories: Video
During 2018 budget address, Mayor Peduto asks state to remove Pittsburgh from Act 47 recovery status

During 2018 budget address, Mayor Peduto asks state to remove Pittsburgh from Act 47 recovery status

As part of his 2018 budget address Monday morning, Pittsburgh Mayor Bill Peduto said he is sending a letter to the Commonwealth seeking the removal of the city from Act 47 financially distressed status and ICA oversight, of which it’s been under since 2004.

In his message to Gov. Tom Wolf and the Department of Community and Economic Development Secretary Dennis Davin, Peduto laid out his plans to cement the fiscal reforms learned through the Act 47 process to protect the city from entering the distressed status again.
Monday, November 13, 2017/Author: Alanna Koll
Categories: Pittsburgh
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