Revenue outlook might signal mayday for PA budget crafters

Revenue outlook might signal mayday for PA budget crafters

The first week of May saw worse news after bad for Pennsylvania’s General Fund revenue collections that could potentially lead to a larger-than-anticipated budget deficit for the coming fiscal year.

 

Monday, the state Department of Revenue reported fiscal-year-to-date revenues are currently $1.2 billion behind estimate after April’s collections were released and the Independent Fiscal Office on Tuesday signaled weak economic growth in Pennsylvania, coupled with a potential shift in the realization of income into next year, has caused a downward revision in their revenue estimates for the current and coming fiscal years.

Tuesday, May 2, 2017/Author: Jason Gottesman
Categories: News and Views
Press Conference Overview - May 2, 2017

Press Conference Overview - May 2, 2017

Watch an overview of a press conference about raising the minimum sales age for tobacco products from 18 to 21.
Tuesday, May 2, 2017/Author: Kara Barmoy
Categories: Video
Allegheny County Executive supports consolidation of state-level human services-related agencies

Allegheny County Executive supports consolidation of state-level human services-related agencies

Allegheny County Executive Rich Fitzgerald came out Monday in support of a proposed state-level move to consolidate four human-services related state agencies.

 

In February, Gov. Tom Wolf proposed consolidating the Departments of Human Services, Health, Aging, and Drug and Alcohol Programs into one Department of Health and Human Services.

Tuesday, May 2, 2017/Author: Jason Gottesman
April revenue report continues fiscal-year-long slide

April revenue report continues fiscal-year-long slide

Normally one of the strongest months for revenue collections, April’s report from the Department of Revenue showed the Commonwealth once again failed to meet revenue collection estimates, this time falling more than $500 million below estimate.

 

For the fiscal-year-to-date, state General Fund revenue collections are more than $1.2 billion short of estimates.

Monday, May 1, 2017/Author: Jason Gottesman
Categories: News and Views
Pros and cons of legalizing VGTs examined by House committee

Pros and cons of legalizing VGTs examined by House committee

The House Gaming Oversight Committee held a marathon hearing Monday that examined a proposal that would legalize video gaming terminals (VGTs) as a means to produce revenue for the Commonwealth and local governments.

 

The proposal—currently enshrined in House Bill 1010, which is sponsored by Rep. Mark Mustio (R-Allegheny) and Rep. Mike Sturla (D-Lancaster)—would legalize the machines that host slot-machine-like games and allow them to be played in and hosted by establishments that possess a valid Pennsylvania liquor license as well as truck stops and off track betting sites. 

Monday, May 1, 2017/Author: Jason Gottesman
Categories: News and Views
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