Pa. Senate to Take Up House Revenue Proposal For Budget
Pa. Senate to Take Up House Revenue Proposal For Budget
Wolf Sees Downgrade Without Budget Deal Soon
22 September, 2017, 00:52
"We understand", Spain said, "that the commonwealth plans to make payments to both the Medicaid insurers and school districts within a week of the scheduled due dates; however, in the absence of additional liquidity, and with the likely need for external borrowing, these late payments could recur".
They said the Treasury should let the state keep spending despite the funding gap, because "revenue is still coming in".
This plan came out of the state Senate, voted for by 75 percent of Senate Democrats and a handful of Republicans, in name only, backed by Wolf.
S&P's report cites a litany of concerns about Pennsylvania's finances, including a almost decade-old structural deficit, habitually late budgets, and recent failures to make mandatory payments on time.
Wolf has said he wants to get the budget done by October first.
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But in a statement sent to various media outlets, chairman and CEO Dave Brandon was optimistic about the future of the chain. Toys R Us has approximately 1,600 stores around the world, which Brandon confirmed are still mostly profitable.
Governor Wolf declared the downgrade a "wake-up call". "We would be using a significant amount of one-time funds to balance a 2.2 billion dollar hole".
The House plan - developed largely by rank-and-file Republicans, including several midstate lawmakers - relies on $630 million in special fund transfers from state funds with excess or dormant monies.
Miskin said the House agrees there's a fiscal problem, but members still don't support tax increases.
"This rating agency for years cited the public pension system as a top reason for concern, and this year a bipartisan pension reform plan passed the legislature and is now law - a plan that is fully actuarially sound and will save the commonwealth billions over the next 30 years". "If an agreement has not progressed by next week, I will be forced to take further steps to manage this situation". "What we've seen is that typically, the budgets are not balanced".
Senate GOP leaders responded by saying compromise must happen immediately and that they are standing behind the July budget package. There was ample warning by S&P and other credit agencies, as well as by political observers including us at PBPC, that this would be the result of the continuing failure of Republicans in the General Assembly, and especially Speaker Turzai and his followers in the House, to raise sufficient recurring revenues to close state's long-term structural deficit. Neither has a say in approving the state budget.
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Those measures were ordered by the court of appeal past year to enhance accountability and reduce incidences of electoral fraud. Armed police patrolled the entrance to the court and trucks filled with security forces were parked outside the building.
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He fought Sugar Ray Robinson six times, giving Robinson his first defeat on February 5, 1943, in what was their second fight. On that fight, LaMotta kept getting beat badly by Robinson and Robinson eventually won via 13th round TKO.
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Berry was also married to retired baseball star David Justice from 1993-1997, later marrying singer Eric Benet in 2001. Never forget that time her French lover beat her French Canadian ex-boo to a pulp .
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