House Passes New Revenue Package With Its Future Uncertain
According to the Patriot News, the revenue package will likely be used as a launching point for another round of budget negotiations as the budget stalemate continues into the 110th day. The Patriot News notes that Senate Republican and Democratic sources made it clear they did not agree to the House’s plan.
The Morning Call says that the main source of funding for the House’s plan, that passed on a 102-88 vote, comes from a $1.5 billion bond against the state’s share of the tobacco settlement.
Governor Wolf is continuing his push for at severance tax on natural gas extraction in the state, but has at least said he would let other sources of recurring revenue for the state pass into law to end the current stalemate.
The current stalemate has led to Pennsylvania’s credit being downgraded, putting into the bottom five of states.