House and Senate Appropriations Budget Hearings
Wednesday, February 14, 2018
The House and Senate Appropriations committees begin budget hearings on the Governor's FY 2018-2019 commonwealth budget proposal on Tuesday, February 20. Use the links below to find the full schedules for each committee; many will be shown live on PCN and pcntv.com
County FY 2018-2019 Budget Analysis
Tuesday, February 06, 2018
Following Governor Wolf's presentation of his FY 2018-2019 budget on Tuesday, CCAP has been reviewing the impact on line items impacting county government. A spreadsheet comparing proposed line items with county impact to the current fiscal year is linked below.
FY 2018 - 2019 Governor's Budget Address
Tuesday, January 30, 2018
The House and Senate will convene in joint session Tuesday, February 6, to hear the annual budget address which will preview Governor Wolf's proposed FY 2018-2019 budget. The Governor is scheduled to deliver his address at 11:30 a.m. It is typically broadcast live on the Pennsylvania Cable Network, as well as through streaming video on a variety of web sites: www.pcntv.com, www.pahouse.com and www.pahousegop.com. Following the address, CCAP will analyze the proposed funding levels. You will be able to find a spreadsheet posted to this website as soon as numbers are available.
Governor Signs Revenue Bills Into Law
Tuesday, October 31, 2017
On Oct. 30, Gov. Wolf signed into law several bills comprising a revenue package to balance the FY 2017-2018 state budget, including amendments to the Tax Reform Code, Fiscal Code and gaming laws. Together, the bills authorize $1.5 billion to be derived from the state's Tobacco Settlement Fund, impose a new tax on consumer fireworks, require online vendors to remit the state sales tax, require the Budget Secretary to develop a list of $300 million in transfers from dedicated funds to the General Fund, and generate an expected $238 million in expanded gaming, among other provisions.
General Assembly Sends Revenue Proposal to Governor
Thursday, October 26, 2017
The General Assembly has sent a Tax Reform Code bill (HB 542) and a Fiscal Code bill (HB 674) to the Governor's desk, comprising a revenue package to balance the FY 2017-2018 state budget. Together, the bills authorize $1.5 billion to be derived from the state's Tobacco Settlement Fund, either by borrowing against the funding stream or selling a portion of the settlement fund over 10 years; impose a new tax on consumer fireworks; and require online vendors to remit the state sales tax, among other provisions. In addition, the Budget Secretary would be required to develop a list of $300 million in transfers from dedicated funds to the General Fund.
House Approves New Revenue Proposal
Thursday, October 19, 2017
On Wednesday, the House approved amendments to HB 542, reflecting that chamber's latest proposal to close the $2.2 billion budget gap, by a 102-88 vote. These amendments authorize $1.5 billion to be derived from the state's Tobacco Settlement Fund, either by borrowing against the funding stream or selling a portion of the settlement fund over 10 years; imposes a new tax on consumer fireworks; and requires online vendors to remit the state sales tax, among other provisions. Other budget-related bills are reported to include other elements to balance the FY 2017-2018 budget, including the potential transfer of revenue from dedicated funds, though amendments have yet been offered.
S&P Downgrades State Credit Rating
Wednesday, September 20, 2017
Credit rating agency Standard & Poors (S&P) announced today that they are downgrading Pennsylvania’s credit rating for the second time in three years, to A-plus, citing the commonwealth’s chronic structural imbalance, a history of late budget adoption and their opinion that this pattern could continue. S&P further noted that while the state’s deficit is manageable, the reliance on one-time cash infu-sions has put too much stress on its tax collections to pay its bills on time.
Senate Votes to Non-Concur on House Revenue Proposal
Wednesday, September 20, 2017
Less than a week after the House approved a proposal to close the $2.2 billion budget gap by relying heavily on one-time transfers from special funds that proponents claimed to have surpluses, the Senate voted 43-7 to non-concur in the House amendments to HB 453. While this is a step toward getting the bill to conference committee for the House and Senate to work out their differences, the House has not yet indicated its plans or whether it will vote to send HB 453 to conference committee when it returns to session on Sept. 25.
House Passes "Putting People First" Revenue Proposal
Thursday, September 14, 2017
Last evening, the House, by a 103-91 vote, approved an amended version of the revenue plan a group of rank and file members had proposed last week. As amended by the House Rules Committee, HB 453 still seeks to balance the state budget in part by relying on significant transfers from dedicated funding. Although the amendment did not include transfers from the 911 Fund or Farmland Preservation Fund, a number of other funds important to counties are still exposed to capture. CCAP has completed an updated analysis, which is linked below.
County Analysis of House "Taxpayers Budget" Revenue Proposal
Friday, September 08, 2017
Earlier this week, a group of rank and file House members has announced a no-taxes funding plan that relies on about $1.2 billion in one-time transfers from special funds they claim have surpluses and another $1.2 billion in other transfers and funding. Transfers from special funds impacting counties include $40 million from the 911 Fund, $27 million from state farmland preservation funding, $75 million from the Recycling Fund and more. CCAP has completed an analysis of the proposed transfers with the greatest impact to counties, which is linked below.