Budget Act Signed Into Law by President Trump

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On February 9, 2018, President Trump signed the Bipartisan Budget Act (H.R. 1892). The bill’s passage came after a short government shutdown had taken place on Thursday evening and into Friday morning.  Unfortunately, the budget sets another short-term date (March 23), through which the government will continue to operate, leaving the potential, again, for yet […]

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Pennsylvania Budget on the Horizon!

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A week after sending Gov. Tom Wolf a $31.5 billion spending plan for the 2016-2017 fiscal year, state lawmakers continue to struggle to find common ground on how to pay for it. The new fiscal year began July 1. The spending plan carried with it a hard deadline for Monday, July 11, 2016, as the […]

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Pennsylvania Has “New” Budget for 2015/2016!

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Just in time to begin the debate on the 2016/2017 budget, Pennsylvania Governor Tom Wolf ended several suspenseful days – and many battle-filled months – with an announcement on March 23rd that he would let the Republican fiscal year 2015-2016 budget (House Bill 1801) become law without his signature. The decision by Gov. Wolf ends […]

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State House Advances Another Piece of 2015-2016 Budget Puzzle

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The Pennsylvania Institute of Certified Public Accountants reported today that state House lawmakers continue to put together the final pieces of the 2015-2016 spending plan. On a predominately party-line vote, the state House passed legislation this week that serves as the operating manual for the current year state budget. These events unfolded as the Commonwealth […]

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The Great Pennsylvania Budget Debacle of 2015

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Gee, it makes you proud to a Pennsylvanian. At 176 days beyond the due date of the Commonwealth’s due date for a Budget, the State Senate (rather than the normal protocol from the House of Representatives), approved a proposed budget and sent it on to Governor Wolf’s office on the day before Christmas Eve. The […]

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The Commonwealth Moves Closer to a Budget!

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In what is perhaps one of the most dysfunctional budget processes in Pennsylvania history, it now appears that Governor Wolf and the Republican-controlled Congress are finally getting close to resolving the state’s budget impasse. The resolution is coming just in time, as Governor Wolf plans to reintroduce some of his more-acrimonious ideas in his budget […]

Internal Revenue Service Budget Cuts Likely to Affect Taxpayers

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On July 22, the Senate Appropriations Subcommittee on Financial Services and General Government  approved a fiscal year (FY) 2016 Internal Revenue Service funding measure that provides $10.475 billion, a cut of $470 million, or 4%, below the FY 2015 enacted level. Appropriators said the decrease in funds would require the Internal Revenue Service to streamline […]

Ohio Concludes Budget Process

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Unlike Pennsylvania, our neighbors to the west seem to have solved the budget pressures facing citizens of their state. Ohio Governor John Kasich has signed the 2016-17 State of Ohio budget, effective on July 1st, which reduces the personal income tax rates, eliminates income taxes on small businesses, and makes additional income tax changes. The […]

Governor Wolf Proposes New PA Budget

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In a move that confirms campaign promises by newly-elected Governor Wolf, on March 3, he proposed a 2015 /2016 budget for the Commonwealth of Pennsylvania. Wolf’s budget sets out the foundation of a $3 billion plan to force what he labels “bold change.” The mix of tax initiatives in the proposal include some interesting “tradeoffs” […]