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
Gov. Wolf: “Neither the Senate nor I like the House package”

Gov. Wolf: “Neither the Senate nor I like the House package”

Gov. Tom Wolf made two Pittsburgh-area radio appearances Tuesday morning during which the top topic of interest was progress being made on reaching agreement to balance the state budget.

Tuesday, September 19, 2017/Author: Jason Gottesman
Categories: News and Views
Senate begins review of House-passed budget-balancing plan

Senate begins review of House-passed budget-balancing plan

The Pennsylvania Senate reconvened Monday for the first time since July and their top order of business was a review of the budget-balancing plan the House passed last week.

Monday, September 18, 2017/Author: Jason Gottesman
Categories: News and Views
As state announces payment delays, House GOP appeals for more short-term funding

As state announces payment delays, House GOP appeals for more short-term funding

As Pennsylvania’s budget-related impasse drags on and the state legislative chambers volley budget-balancing plans between each other, Gov. Tom Wolf on Friday announced the state will be delaying some payments to insurers and for pension obligations in order to keep the state’s budget balanced in the absence of additional revenue for the General Fund.

Friday, September 15, 2017/Author: Jason Gottesman
Categories: News and Views
House GOP sends budget-funding plan to Senate

House GOP sends budget-funding plan to Senate

House Republicans on Wednesday passed what they entitled “The Putting People First Budget,” a budget-balancing plan that provides $2.3 billion in funding to close the $2.2 billion accumulated budget deficit facing the Commonwealth in FY 2017-2018, by a vote of 103 to 91. 

Wednesday, September 13, 2017/Author: Jason Gottesman
Categories: News and Views
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