House lawmaker wants Congress to reimburse PA pension funds for quantitative easing losses

House lawmaker wants Congress to reimburse PA pension funds for quantitative easing losses

Rep. Frank Ryan (R-Lebanon) struck an incremental win in his fight to have the federal government reimburse what he believes are state and municipal pension funds losses due to the Federal Reserve’s policy of quantitative easing in response to the 2008 economic downturn spurred by the subprime mortgage crisis when the House State Government Committee passed a resolution seeking Congress to reimburse Pennsylvania for the losses.

Tuesday, October 17, 2017/Author: Jason Gottesman
Categories: News and Views
Despite Republican pleas, Gov. Wolf will still veto Human Services Code bill

Despite Republican pleas, Gov. Wolf will still veto Human Services Code bill

While several dozen House Republican legislators—including the entire leadership team—held a news conference Tuesday to implore on Gov. Tom Wolf to sign a controversial Human Services Code bill, the governor said he is still holding firm on his promise to veto the legislation.

Tuesday, October 17, 2017/Author: Jason Gottesman
Categories: News and Views
Philadelphia taxes get state legislative spotlight

Philadelphia taxes get state legislative spotlight

Two Philadelphia-specific taxes got the legislative spotlight Tuesday as the Senate Local Government Committee held a hearing on the city’s beverage tax and the House Finance Committee held a hearing examining legislation to alter the city’s wage tax.

Tuesday, October 17, 2017/Author: Jason Gottesman
PA budget revenue work slogs on in uncertainty

PA budget revenue work slogs on in uncertainty

The Pennsylvania General Assembly returned to session Monday for the first time since Gov. Tom Wolf announced that he would be taking over operation of the state’s finances in order to ensure that the deficit-riddled Commonwealth can balance its books in the absence of a legislatively-agreed to spending plan being enacted.

Monday, October 16, 2017/Author: Jason Gottesman
Categories: News and Views
House Finance Committee cancels Monday vote on severance tax proposal

House Finance Committee cancels Monday vote on severance tax proposal

While the House Finance Committee had sunshined a Monday vote on a severance tax proposal that would have imposed a 3.2 percent severance tax on natural gas extracts on top of the already-existing local impact fee, the meeting was abruptly cancelled on Friday.

Friday, October 13, 2017/Author: Jason Gottesman
Categories: News and Views
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