Republicans and Democrats show differences of opinion on tax policy

Republicans and Democrats show differences of opinion on tax policy

As revenue generation has been a key component to ongoing budget talks, tax policy in some manner has been part of the discussion; and, with the legislative calendar turning ever closer to June 30, Democratic and Republican lawmakers have been showing their differences of opinion in terms of how taxes should play in terms of the overall revenue picture for the Commonwealth.

Tuesday, June 20, 2017/Author: Jason Gottesman
Categories: News and Views
Gaming expansion agreement continues slow progress

Gaming expansion agreement continues slow progress

With lawmakers and legislative staff holding nearly non-stop meetings to find some middle ground on a gaming expansion measure crucial to the coming fiscal year’s budget, progress on Monday toward that agreement was reported as slow.

Monday, June 19, 2017/Author: Jason Gottesman
Categories: News and Views
GOP plan to balance the budget by leveraging state assets, borrowing draws mixed reaction

GOP plan to balance the budget by leveraging state assets, borrowing draws mixed reaction

As the page turns on a fresh week for state lawmakers to work on crafting a FY 2017-2018 budget plan, news bubbled up early Monday that Republican lawmakers—absent the desire for broad-based tax increases, a severance tax on natural gas, or closing tax exemptions—were looking at leveraging state assets and potential borrowing to help balance the coming fiscal year’s spending plan.

Monday, June 19, 2017/Author: Jason Gottesman
Categories: News and Views
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PA unemployment rate hits 5.0 percent in May

PA unemployment rate hits 5.0 percent in May

The Pennsylvania Department of Labor and Industry Friday released May’s unemployment situation report that noted Pennsylvania’s unemployment rate was up one-tenth of one percentage point to five percent.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: News and Views
IFO revises current-year revenue estimates down $900 million from initial estimate

IFO revises current-year revenue estimates down $900 million from initial estimate

As lawmakers work to craft a FY 2017-2018 spending plan in the waning days of the current fiscal year, the Independent Fiscal Office on Thursday released its statutorily-required revenue estimate for the current and coming fiscal year, showing a $900 million downward revision from the revenue estimate made at the beginning of the fiscal year.

Friday, June 16, 2017/Author: Jason Gottesman
Categories: News and Views
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