Philly cig tax pushed back to September as House cancels August session dates

A memo was circulated early Thursday afternoon advising that the House’s scheduled session days for next week have been canceled.

The cancellation comes as legislators and the Corbett Administration continue to grapple with twin issues of pension reform and a local cigarette tax hike for the City of Philadelphia to help fund the city’s schools.

Thursday, July 31, 2014/Author: Mike Howells
Categories: News and Views
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Grell “Cash Balance” plan gains PERC approval

Grell “Cash Balance” plan gains PERC approval

Another effort to solve the state’s pension crisis cleared a significant hurdle today, as the actuarial note to an amendment by Rep. Glen Grell (R-Cumberland) to HB 1353 was approved by the Public Employee Retirement Commission (PERC).
Wednesday, July 30, 2014/Author: Mike Howells
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New Jersey a Useful Case Study as Commonwealth Mulls iGaming for Budget Gap

On televisions across New Jersey in recent months, commercial breaks have been peppered with advertisements for the latest addition to the Garden State’s extensive stable of gambling options - online gaming. The state legalized the activity, also known as iGaming, in November of last year, and though revenues have fallen far short of estimates over its first six months – Gov. Chris Christie was counting on upwards of $200 million from state casinos by the end of the fiscal year - the state Treasury still expects to collect millions in taxes by the end of June, and for the number to continue growing over time.

 

Given Pennsylvania’s growing budgetary concerns, namely a deficit now upwards of $1.4 billion, is the likelihood growing that the Corbett administration could take a similar step and legalize online gambling, incorporating lessons learned from New Jersey? The PLS Reporter finds out.


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Friday, May 30, 2014/Author: Mike Howells
Categories: News and Views
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