As revenue talks drag on, fight over natural gas severance tax heats up

As revenue talks drag on, fight over natural gas severance tax heats up

With budget-related revenue negotiations likely to drag into the third week of their current standoff, the fight over whether a natural gas severance tax should be part of those discussions has continued to heat up.

 

While Republican leaders have been more than recalcitrant in their stance toward bringing up any one of the numerous proposals introduced in either the House or Senate, one can hardly speak to a Democrat or moderate Republican in the Capitol without hearing from one of them about how such a tax—in exchange with the natural gas industry for some regulatory relief—could be a primary solution to end the Commonwealth’s revenue woes.

Wednesday, July 19, 2017/Author: Jason Gottesman
Categories: News and Views
PA Senate leaves town as leaders mull House GOP revenue counterproposal

PA Senate leaves town as leaders mull House GOP revenue counterproposal

The Pennsylvania Senate left Harrisburg Tuesday afternoon after a consensus failed to emerge on a plan to plug a $2.2 billion revenue hole that will close out the recently concluded fiscal year and balance the current fiscal year’s spending plan.

 

At this point, the Senate hopes to return to Harrisburg no later than Monday, though whether they could return sooner remained up in the air as discussions on reaching a revenue compromise continue.

Tuesday, July 18, 2017/Author: Jason Gottesman
Categories: News and Views
Senate hopes to catalyze revenue agreement with return to Harrisburg

Senate hopes to catalyze revenue agreement with return to Harrisburg

The Pennsylvania Senate returned to voting session Monday as the Commonwealth’s FY 2017-2018 unbalanced spending plan has been in law for a week.

 

While the Senate did very little actual voting, a lot of the work on Monday was behind the scenes with leaders and staff working across chambers to try and reach agreement on a $2.2 billion revenue package to close out the previous fiscal year and balance the current year’s budget.

Monday, July 17, 2017/Author: Jason Gottesman
Categories: News and Views
Legislature weighs options as Gov. Wolf allows PA budget spending plan to become law without his signature

Legislature weighs options as Gov. Wolf allows PA budget spending plan to become law without his signature

Gov. Tom Wolf Monday afternoon announced he was going to allow the $31.99 billion spending plan on his desk to become law without his signature as he and the legislature continue to negotiate on a revenue plan to fully fund state operations. 

Monday, July 10, 2017/Author: Jason Gottesman
Categories: News and Views
Revenue proposals continue to lack global agreement

Revenue proposals continue to lack global agreement

As top state lawmakers continued to struggle to find a global agreement on a nearly $2.2 billion revenue package Sunday night, it looks more and more likely that Gov. Tom Wolf will have to make a decision about whether to partially or fully veto the $31.99 billion state spending plan on his desk or allow it to lapse into law since an agreement is unlikely to wind through the legislative process by the Monday midnight deadline to bring it into balance.

Sunday, July 9, 2017/Author: Jason Gottesman
Categories: News and Views
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