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
PA unemployment rate dips to 4.9 percent

PA unemployment rate dips to 4.9 percent

The Pennsylvania Department of Labor and Industry Friday morning released August’s seasonally adjusted unemployment numbers, showing the commonwealth’s unemployment dipped to 4.9 percent for the month, down from July’s five percent figure.

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
Treasurer warns of $860 million in delayed state payments as House GOP seeks to regroup on budget-balancing plan

Treasurer warns of $860 million in delayed state payments as House GOP seeks to regroup on budget-balancing plan

Things didn’t quite go as expected Tuesday for the House Republican Caucus who, as late as Monday afternoon, was eyeing a vote on some version of a plan to balance the state budget by transferring special fund money into the General Fund as an attempt to close the state’s $2.2 billion deficit.

 

By Tuesday afternoon, the House adjourned without taking up the plan and legislative leaders met with the House Taxpayer Caucus—the main proponents of the special funds plan— and some Southeastern lawmakers to try to rework their strategy in order to gain enough votes to get some budget-balancing plan to the Senate by week’s end.

Tuesday, September 12, 2017/Author: Jason Gottesman
Categories: News and Views
For some, real pension reform hasn’t even started

For some, real pension reform hasn’t even started

Despite the bipartisan feel-good atmosphere that accompanied the June enactment of state government’s most recent attempt at pension reform, some inside and outside of the Capitol feel as though real pension reform—reform that directly addresses the combined unfunded pension liability some have put as high as $76 billion—hasn’t even started yet.

Tuesday, September 12, 2017/Author: Jason Gottesman
Categories: News and Views
RSS
First3456789101112Last