Rotunda Ramblings - March 11, 2016

Rotunda Ramblings - March 11, 2016

This week Rotunda Ramblings brings back witty conversation in breaking down the week's top news items including the end of budget hearings, what the state's pension systems are up to, and the governor issuing an Executive Order providing for a limited increase in the minimum wage. We also sit down with Auditor General Eugene DePasquale and Rep. Seth Grove (R-York) to talk municipal pension reform.

Listen to the whole episode HERE.

Friday, March 11, 2016/Author: Jason Gottesman
Categories: Features
Auditor General spotlights “incomprehensible” double standard at Gaming Control Board

Auditor General spotlights “incomprehensible” double standard at Gaming Control Board

Auditor General Eugene DePasquale Wednesday released a performance audit of the Pennsylvania Gaming Control Board as a follow up to the department’s 2010 audit of the board, and found what he described as an “incomprehensible” double standard in terms of meal reimbursements between board members and staff.

Wednesday, February 17, 2016/Author: Jason Gottesman
Categories: News and Views
Auditor General offers to take over PERC’s municipal pension-related functions

Auditor General offers to take over PERC’s municipal pension-related functions

In a response to an open letter from Public Employee Retirement Commission executive director James McAneny Thursday, Auditor General Eugene DePasquale said his department would willing to take over PERC’s municipal pension-related functions should the commission no longer be able to operate.

Since the December 2015 line-item veto of a Republican-crafted budget proposal, PERC has been without an operating budget and the commission was notified this week that its functions would be terminated and its employees would lose their jobs with the commission.

Thursday, February 4, 2016/Author: Jason Gottesman
Categories: News and Views
Auditor General bangs the drum on municipal pension reform

Auditor General bangs the drum on municipal pension reform

Auditor General Eugene DePasquale once again spoke on the need for municipal pension reform at a Capitol news conference Tuesday, pointing out the problem is likely worse than the $7.7 billion unfunded liability identified in his latest municipal pension report.

Tuesday, February 2, 2016/Author: Jason Gottesman
Categories: News and Views
With General Fund almost out of money, Treasury opens up $2 billion credit line to keep cash flowing

With General Fund almost out of money, Treasury opens up $2 billion credit line to keep cash flowing

For the second time in 16 months, Pennsylvania’s Treasury has had to open up a credit line in order to ensure the state’s General Fund cash balance does not drop below zero and state money can keep flowing out to those who need it.

According to a news release from the Pennsylvania Treasury, the General Fund was in danger of falling $922 million in the red next week as money is sent to those relying on state funds after the governor’s line-item veto of a budget plan allowed its expenditure.

Wednesday, January 6, 2016/Author: Jason Gottesman
Categories: News and Views
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