Budget bill passes House, makes it to Senate floor

Budget bill passes House, makes it to Senate floor

The General Assembly’s 2018-19 budget bill advanced in leaps and bounds Wednesday, moving from out of the House and onto the Senate Floor by day’s end.

HB 2121, the state’s $32.7 billion budget for the next fiscal year, passed the House by a resounding 188-10 margin before arriving in the Senate and getting near unanimous approval in the chamber’s Appropriations Committee.

Wednesday, June 20, 2018/Author: Stephen Caruso
Categories: News and Views
Budget bill with no tax increases, increased school spending put on fast track

Budget bill with no tax increases, increased school spending put on fast track

The House Appropriations Committee voted unanimously Tuesday to advance a $32.7 billion 2018-19 budget in what lawmakers hope will start a swift march to finish it ahead of the state’s traditional June 30 deadline.

House Majority Leader Dave Reed (R-Indiana) said he expected a final floor vote on the bill Wednesday before sending it to the Senate.

Tuesday, June 19, 2018/Author: Stephen Caruso
Categories: News and Views
Federal tax policy changes adds small wrinkle to budget negotiations

Federal tax policy changes adds small wrinkle to budget negotiations

Another week into June, and details on the budget are still slow coming, but Capitol observers think that could just be a sign that a deal is near.

In fact, one of the few disagreements to bubble up has had more to do with federal policy trickling down than the state level problems.

Saturday, June 16, 2018/Author: Stephen Caruso
Categories: News and Views
Optimism in supply in capitol even if budget details are short

Optimism in supply in capitol even if budget details are short

With the start of June, a wave of advocates has descended on Harrisburg to make their pitch for funding, from programs for people with disabilities to school safety.

Some of those priorities are bipartisan. Others shade to one party or another. But while no exact numbers or funding plans are out just yet, that doesn’t mean work isn’t getting done.

Friday, June 8, 2018/Author: Stephen Caruso
Categories: News and Views
IFO report predicts proposed severance tax would make up for cut in state corporate income tax rate

IFO report predicts proposed severance tax would make up for cut in state corporate income tax rate

A recently released Independent Fiscal Office review of Governor Tom Wolf’s 2018 budget analyzed three marquee proposals found within — a cut in the state’s corporate net income tax, a natural gas severance tax and raising the minimum wage to $12.00.

Taken together, the IFO predicted an average annual gain of $418 million each year in state revenue, which peaks in the early 2020s before falling down by 2023.

Friday, April 20, 2018/Author: Stephen Caruso
Categories: News and Views
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