Pensions Dominate Senate GOP Caucus Discussions, House Caucuses Tuesday on Budget

As most internal discussions turn to formulation of the budget, according to one Republican senator, his members used today’s caucus discussion to focus on if and/or how state and public school employee pensions should be reformed.

House Appropriations Committee Majority Chairman Bill Adolph (R-Delaware) confirmed his caucus will hold a two-hour minimum caucus on the budget Tuesday.

READ MORE

Monday, June 2, 2014/Author: Jason Gottesman
Categories: News and Views
Tags: budget

New Revenue Sources Likely to be Included in Budget

Monday morning saw the first of what will likely be many June meetings between House and Senate leadership to formulate a state budget.

Following that meeting, Republican leadership in both chambers agreed new revenue sources, fund transfers, and the efficacy of continuing tax cuts will all be on the table to balance a state budget that will follow months of less-than-expected revenue collections.

The exact nature of what that will look like, however, differed.

READ MORE

Monday, June 2, 2014/Author: Jason Gottesman
Categories: News and Views

As Budget Deadline Draws Near, Bill’s Introduction Lingers

In 2011, newly-minted House Majority Leader Mike Turzai (R-Allegheny) promised the House would pass a budget by Memorial Day, that year falling on May 30.

On May 24, 2011, that promise was made true when the House—after much debate—passed a budget by a 109-92 margin. While the budget was not finally signed into law until June 30 of that year, the passage in May was a sea change from prior years under the Rendell administration.

Fast forward three budget cycles to the present, May 30, 2014, and no general appropriations bill has been introduced in either chamber. By the time the General Assembly returns on June 2, Memorial Day will have been a week away.

So when can one expect to see formal legislation introduced, officially kicking off the annual June budget season?

READ MORE
Friday, May 30, 2014/Author: Jason Gottesman
Categories: News and Views
Tags: budget
Commission Signs Off on Actuarial Analysis of “Rescue Effort” Pension Reform Plan, Skepticism Abounds

Commission Signs Off on Actuarial Analysis of “Rescue Effort” Pension Reform Plan, Skepticism Abounds

After an hour-long executive session and an hour long public meeting, the Public Employee Retirement Commission (PERC) unanimously approved an actuarial note to the hybrid pension plan offered by Rep. Mike Tobash (R-Schuylkill).

Rep. Tobash called the plan a “rescue effort” in terms of pension reform and a first step in broader changes designed to attack an estimated $40 billion-plus unfunded liability.

READ MORE

Wednesday, May 28, 2014/Author: Jason Gottesman
Categories: News and Views

Work on Property Tax Reform Bill Continues in Senate with June Committee Vote Anticipated

Following the April 30 Senate Finance Committee hearing on a comprehensive amendment to Senate Bill 76, the Property Tax Elimination Act, we reported work on the part of the bill’s sponsors remains to answer a number of questions raised during the hearing.

Today, The PLS Reporter spoke to sources on where the issue stands before the General Assembly returns to session in June.

READ MORE

Tuesday, May 27, 2014/Author: Jason Gottesman
Categories: News and Views
RSS
First214215216217218219220221222223