Budget, gaming expansion deals still elude legislators

Budget, gaming expansion deals still elude legislators

While optimism remains that an agreed-to budget can reach the governor by the start of the new fiscal year in just nine days, two big components of doing that—agreeing to a spending number and how that number will be funded—still eluded legislators Tuesday.

“We’re looking at gaming expansion. It’s not our favorite way, it’s never been my favorite way to raise revenue; if that’s all we have to do, we’re going to look at it and see what’s going to be in the final product,” said House Minority Leader Frank Dermody (D-Allegheny) after a House Rules Committee meeting Tuesday morning. 

Tuesday, June 21, 2016/Author: Jason Gottesman
Categories: News and Views
Senate Minority Leader discusses stance on budget, gaming expansion

Senate Minority Leader discusses stance on budget, gaming expansion

Senate Minority Leader Jay Costa (D-Allegheny) sat down with media, including The PLS Reporter, to discuss pertinent issues regarding the forthcoming budget.

Sen. Costa stated that he had discussions with the governor and House Democrats Monday to have conversation recurring revenue and a spending number for the upcoming fiscal year.

Monday, June 20, 2016/Author: Kyle Maguire
Categories: News and Views
With 10 days until the deadline, big budget questions still need answers

With 10 days until the deadline, big budget questions still need answers

The Capitol Kumbaya might have gotten a bit of a reality check Monday as reticence behind big questions still to be answered for a final budget product has begun to manifest with just about ten days to go before the start of the 2016-2017 fiscal year.

Still remaining to be answered are primary concerns of what the final spend number will look like and what revenue sources—and how much revenue—will be used to get lawmakers to the required balanced budget.

Monday, June 20, 2016/Author: Jason Gottesman
Categories: News and Views
IFO monthly trends report shows May revenue down over last year

IFO monthly trends report shows May revenue down over last year

The Independent Fiscal Office Wednesday released its May monthly trends report showing revenues for the month were down year-to-date by about $17 million, though still ringing in at $1.94 billion.

On a more positive note, yearly revenues are still up by six-tenths of a percent or $164 million, ringing in at a total of $27.84 billion.

Wednesday, June 1, 2016/Author: Jason Gottesman
Categories: News and Views
IFO provides FY 2016-2017 revenue estimate, projects 1.8 percent growth

IFO provides FY 2016-2017 revenue estimate, projects 1.8 percent growth

The Independent Fiscal Office Tuesday afternoon released revised revenue estimate numbers with pertinent impacts to both the current and coming fiscal year.

As it pertains to the coming fiscal year, the IFO anticipated having $31.586 billion in revenue, which is a growth rate of 1.8 percent over the current fiscal year. According to the IFO, the governor’s proposed budget rang in at $31.772 billion without any of the proposed revenue changes taken into account.

Tuesday, May 3, 2016/Author: Jason Gottesman
Categories: News and Views
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