RENDELL: WE HAVE A BUDGET AGREEMENT
Following many hours of negotiations, Governor Rendell held a press conference this afternoon to announce that an agreement has been reached with legislative leaders on a FY 2010-11 state budget. He said that at this point he is “fairly confident” the pieces will be in place by the end of tomorrow night, meaning that for the first time since he took office the state budget will have been completed on time. Among the things that made an agreement possible, the Governor noted that June revenues look to be coming in above estimates, by as much as $25-30 million. In addition the success of the tax amnesty program shaved another $45 million from the deficit, leaving a $1.22 billion total shortfall. In all, the governor said the agreed-to budget spends $28.052 billion, an increase of 0.6% over last year. Check out the Press Conferences section of the PLS Capitol Toolbox to read the full story.
NATURAL GAS EXTRACTION TAX EXPECTED IN OCTOBER
According to an article in the Pittsburgh Post Gazette, with Senate Republicans tentatively on board with a new tax on the extraction of natural gas from the
Continue reading Eye Opener – June 30, 2010