House Republican cadre forms “Common Sense Caucus”

House Republican cadre forms “Common Sense Caucus”

An ad-hoc group of 18 House Republican members recently announced they will be forming the “Common Sense Caucus,” a group of like-minded legislators aimed at bringing more accountability and transparency to the Commonwealth’s fiscal issues.

 

The group is formed largely of the team of rank-and-file House Republican members that were pushing for the use of special fund transfers to fund the current fiscal year’s budget, a component of which was incorporated into the revenue plan ultimately adopted.

Monday, December 18, 2017/Author: Jason Gottesman
Categories: News and Views
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
Gov. Wolf pumps the brakes on PLCB borrowing effort as CFA moves forward with $1.5 billion monetization of Tobacco Settlement Fund dollars

Gov. Wolf pumps the brakes on PLCB borrowing effort as CFA moves forward with $1.5 billion monetization of Tobacco Settlement Fund dollars

The Commonwealth Financing Authority board on Tuesday unanimously adopted a resolution granting authority for staff to move forward with either a bond or sale of future revenues headed to the state’s Tobacco Settlement Fund in an amount not to exceed $1.5 billion.

 

That action, according to the Wolf administration, has allowed the governor to put the brakes on his pursuit of seeking $1.25 billion in up-front monetization of future General Fund transfers from the Pennsylvania Liquor Control Board.

Tuesday, November 14, 2017/Author: Jason Gottesman
Categories: News and Views
Senate committees explore health and solvency of the state Lottery Fund

Senate committees explore health and solvency of the state Lottery Fund

The Senate Finance and Aging & Youth Committees held a joint hearing Tuesday to discuss the solvency and future of the Pennsylvania lottery fund and the millions of older residents that it supports. 

Although the state Lottery has generated more than $1 billion in proceeds per year for the past five fiscal years, Executive Director of the Lottery, Drew Svitko, said current sales are $123 million, or 3.9 percent, behind the same point last fiscal year. 

Tuesday, April 18, 2017/Author: Alanna Koll
Categories: News and Views
A continuing trend: February state budget revenues come in below estimate

A continuing trend: February state budget revenues come in below estimate

Revenue figures released by the Pennsylvania Department of Revenue Wednesday evening continue to cast a pessimistic light on those hoping General Fund revenues will perk up to help balance the current and coming years’ state budgets.

Thursday, March 2, 2017/Author: Jason Gottesman
Categories: News and Views
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