IFO downgrades structural deficit by as much as $400 million

IFO downgrades structural deficit by as much as $400 million

The Independent Fiscal Office reported to the House Appropriations Committee Monday that the structural deficit facing budget crafters might be less than originally thought.

Asked by Chairman Bill Adolph (R-Delaware) about how increased revenues have impacted a previously reported IFO deficit estimate of $1.8 billion, Office director Matthew Knittel reported it has been reduced by $300-$400 million landing somewhere around $1.5 billion.

“We would revise it down to somewhere around $1.5 [billion] or $1.6 [billion],” he told committee members while noting it is difficult to determine the exact number due to supplemental appropriations.

Monday, March 9, 2015/Author: Jason Gottesman
Categories: News and Views
Rep. Kampf renews push for his defined contribution pension plan

Rep. Kampf renews push for his defined contribution pension plan

Rep. Warren Kampf (R-Chester) renewed his effort to bring new state and public school employees under a defined contribution pension plan with Friday’s announced introduction of House Bill 727.

“Getting this reform signed into law this year or the next two years would be groundbreaking,” he told The PLS Reporter. “I don’t consider it a first step, I consider it in and of itself a very significant reform to our public retirement system.”

Friday, March 6, 2015/Author: Jason Gottesman
Categories: News and Views
WATCH: And the nominees are... PennDOT Sec. Leslie Richards

WATCH: And the nominees are... PennDOT Sec. Leslie Richards

Meet Acting Secretary for the Pennsylvania Department of Transportation Leslie Richards. Find out how her department handles bad weather, her goals in her new position, and what construction projects on our roads and bridges we can expect in Spring. 

Thursday, March 5, 2015/Author: Alanna Koll
Categories: Video
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In Reflection with Sen. Earl Baker (R-Chester)

In Reflection with Sen. Earl Baker (R-Chester)

The Key to the Keystone State: The Future of Pennsylvania is Energy

In the first installment of our new feature, "In Reflection," former-Sen. Earl Baker (R-Chester) takes a look at Pennsylvania's energy potential.

"The natural gas industry has the potential to produce enough energy to substantially power our state, and much of the nation’s energy needs," Sen. Baker says in the article. "To accomplish that, the infrastructure for distribution is a significant element of investment, and all we have to do is look at the ability of Russia to turn the energy spigot on and off to Ukraine, Eastern and Western Europe to see that Pennsylvania can be an instrument of national power through export."

Thursday, March 5, 2015/Author: Earl Baker
Categories: Features
Senate Democrats will assess support for Wolf’s spending plan after budget hearings

Senate Democrats will assess support for Wolf’s spending plan after budget hearings

A day after Democratic leaders from both chambers gave universal support to Gov. Tom Wolf’s proposed budget plan, Senate Minority Leader Jay Costa (D-Allegheny) and Senate Appropriations Committee Minority Chairman Vincent Hughes (D-Philadelphia) said the full depth of the caucus’s support will be more accurately found following budget hearings.

“To say I have 100 percent of our members on board, I can’t say that and I will never say that,” Sen. Costa told reporters. “I will say to you we haven’t heard objections, significant objections from our members when they look at [the budget proposal] in a comprehensive way.”

Wednesday, March 4, 2015/Author: Jason Gottesman
Categories: News and Views
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