The turmoil in financial markets could quickly filter down to the budgets of the Commonwealth of Pennsylvania and the City of Philadelphia, with officials at both levels facing difficult decisions.
Governor Corbett has endured withering criticism from the opposition party over cuts in the new budget, but one former Democratic governor has nothing but praise for the Republican currently in office.
Governor Corbett says the likely loss of federal dollars as a result of the debt ceiling deal in Washington is a good example of why he didn’t want to spend the surplus from last year’s budget.
For the first time in nine years, Pennsylvania has a finished budget in place as the new fiscal year dawns. But it went right down to the wire last night.
Tuition at West Chester University, Cheyney, and the other 12 state-owned universities will take the biggest jump in nearly a decade this fall — the first of many consequences of the state budget passed by the legislature this week.
The state house on Wednesday passed and sent Governor Corbett a budget bill he wanted: one that reduces spending without a tax increase.
Philadelphia School District officials say it appears the latest version of the Pennsylvania state budget leaves the district with another big hole to fill.
Democrats don’t have the numbers to block the main budget bills, but bills that fund Temple, Lincoln, Pitt and Penn State require a two-thirds super majority to pass. After refusing to put up votes for the state-related universities Monday, Democrats changed course on Tuesday.
Funding for Temple, Lincoln, Pitt and Penn State is in limbo for the moment because legislative Democrats, attempting to gain leverage in the budget process, are blocking approval.
Legislative leaders and Governor Corbett continue to express confidence that Pennsylvania will meet the June 30th budget deadline for the first time in years, even though the Senate Republican leader says a deal will have to get done today if that’s going to happen.
Legislative leaders continue to predict that Pennsylvania will have an on-time budget for the first time in years, even though the deadline is just eleven days off now, with a lot of unknowns still in the mix.
Education advocates opened umbrellas today outside Philadelphia City Hall to urge Gov. Tom Corbett to spend Pennsylvania’s “rainy day” fund on schools and social programs.
Pennsylvania revenue collections for May were almost $34 million dollars, or just shy of 2%, above projections.
The focus now shifts to the state Senate after the House last week passed its version of a new Pennsylvania budget.
The Pennsylvania House could take a final vote as soon as today on a new state budget, but there’s still a ways to go in the process.