Senate sets sea-change revenue proposal, budget implementation bills for final passage

Senate sets sea-change revenue proposal, budget implementation bills for final passage

The Pennsylvania Senate Wednesday night loaded bills that will provide for the substantial majority of a $2.2 billion revenue package needed to balance the current and just previously concluded fiscal year’s budgets and provide for the implementation of the budget through specific code bills.

 

About $570 million of the nearly $2 billion revenue package now set for a final vote in the Senate on Thursday represents a sea change in terms of where prior revenue discussions were heading since it does not rely mainly on gaming expansion, prior year lapses, and offline revenue transfers.

Thursday, July 27, 2017/Author: Jason Gottesman
Categories: News and Views
Senate to return to session to work on revenue, budget-related bills

Senate to return to session to work on revenue, budget-related bills

The Pennsylvania Senate announced Monday night that they will be returning to session Wednesday afternoon through Thursday to work on a $2.2 billion revenue plan and other budget-related bills in an attempt to move along the close-out of the FY 2016-2017 and FY 2017-2018 budgets.

Tuesday, July 25, 2017/Author: Jason Gottesman
Categories: News and Views
Budget revenue progress enters uncertain territory as House GOP balks at latest proposal

Budget revenue progress enters uncertain territory as House GOP balks at latest proposal

Work to balance the FY 2016-2017 and FY 2017-2018 spending plans entered uncertain territory Saturday after House Republicans—the majority in the Pennsylvania House of Representatives—failed to cobble enough votes to lift the latest revenue proposal crafted in large part by House Speaker Mike Turzai (R-Allegheny) and sent members home to once again remain on six-hour call.

Saturday, July 22, 2017/Author: Jason Gottesman
Categories: News and Views
Republican leaders hold another revenue negotiation with no breakthrough in sight

Republican leaders hold another revenue negotiation with no breakthrough in sight

The Republican leaders from both the House and the Senate huddled behind closed doors for the second day in a row Wednesday trying to come up with a consensus plan that will balance the spending plan that has been law for just over a week.

 

Much like discussions that have taken place throughout the week, progress toward bridging the differences that have caused disagreement between the two majority caucuses was incremental, if progress was made at all.

Wednesday, July 19, 2017/Author: Jason Gottesman
Categories: News and Views
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
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