Mid-year budget briefing: Wolf administration projects year-end surplus

Mid-year budget briefing: Wolf administration projects year-end surplus

Wolf administration Budget Sec. Randy Albright delivered the mid-year budget briefing Thursday, where he projected a year-end surplus potentially as high as $31.2 million on top of a $10 million transfer to the Commonwealth’s Rainy Day Fund.

Thursday, December 14, 2017/Author: Jason Gottesman
Categories: News and Views
General Assembly, associated agencies sit on $95 million in reserve funds

General Assembly, associated agencies sit on $95 million in reserve funds

The Legislative Audit Advisory commission released the audit of the General Assembly’s finances for FY 2016-2017, reporting that the legislature and its associated agencies have combined reserves of $95 million.

The reserves represent surpluses over the $325 million appropriated to the General Assembly in FY 2016-2017.
Wednesday, November 15, 2017/Author: Jason Gottesman
Categories: News and Views
PA collects $2.7 billion in September revenue

PA collects $2.7 billion in September revenue

The Department of Revenue reported September’s reported revenue figures Monday, noting the Commonwealth collected $2.7 billion for the month, bringing the fiscal-year- to-date collections to $6.9 billion.

Monday, October 2, 2017/Author: Alanna Koll
Categories: News and Views
PA collects $2.1 billion in August revenue

PA collects $2.1 billion in August revenue

Friday, the Department of Revenue reported August’s revenue figures, noting the Commonwealth collected $2.1 billion for the month, bringing fiscal-year-to-date collections up to a total of $4.2 billion 

Tuesday, September 5, 2017/Author: Jason Gottesman
Categories: News and Views
As revenue projections hold, IFO sees continued weakness in sales tax growth

As revenue projections hold, IFO sees continued weakness in sales tax growth

Appearing before the House State Government Committee Wednesday to brief members on their current and legislatively proposed job functions, the Independent Fiscal Office reported that while their current year revenue projections are holding firm, there is continued weakness in sales tax growth that is ultimately adding to undermined General Fund revenue collections.

Wednesday, August 30, 2017/Author: Jason Gottesman
Categories: News and Views
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