As latest revenue deal breaks down, Gov. Wolf steps in to manage state finances

As latest revenue deal breaks down, Gov. Wolf steps in to manage state finances

As the latest attempts by the state General Assembly to reach agreement on budget-balancing revenue broke down Wednesday, Gov. Tom Wolf announced he is stepping in to balance the Commonwealth’s books.

Wednesday, October 4, 2017/Author: Jason Gottesman
Categories: News and Views
House set to consider revenue bill led by hotel, fireworks taxes

House set to consider revenue bill led by hotel, fireworks taxes

The Pennsylvania House of Representatives Tuesday took the step of putting into place for a final vote in that chamber a linchpin revenue bill that has been seen as the largest log in the jam of the state’s most recent budget impasse.

Tuesday, October 3, 2017/Author: Jason Gottesman
Categories: News and Views
Revenue negotiations progress as lawmakers are set to miss Wolf’s October 1 deadline

Revenue negotiations progress as lawmakers are set to miss Wolf’s October 1 deadline

With the House and Senate not planning to return to session until Monday, legislators made it clear that the October 1 deadline put out by Gov. Tom Wolf last Tuesday is going to be missed.

 

However, that is not going to stop progress seemed to be made later in the week toward reaching a compromise on a plan to balance Pennsylvania’s $31.99 billion budget and close out the existing deficit from the prior fiscal year.

Thursday, September 28, 2017/Author: Jason Gottesman
Categories: News and Views
Budget negotiators discuss new ideas as revenue talks continue

Budget negotiators discuss new ideas as revenue talks continue

While there was little in the way of public details, budget negotiators were in mid-June mode as new ideas made their way into revenue-related discussions that continued in earnest at the state Capitol Monday.

Monday, September 25, 2017/Author: Jason Gottesman
Categories: News and Views
As budget-related revenue impasse continues, S&P downgrades Pennsylvania’s bond rating

As budget-related revenue impasse continues, S&P downgrades Pennsylvania’s bond rating

Standard and Poor’s announced on Wednesday morning that they are downgrading Pennsylvania’s bond rating amid the ongoing budget stalemate, the failure of lawmakers to fix Pennsylvania’s chronic structural imbalance, and weakening liquidity.

Wednesday, September 20, 2017/Author: Jason Gottesman
Categories: News and Views
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