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The state House of Representatives has narrowly voted to move a budget plan built largely on one-time fund transfers.Although it represents the first…
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The state House is still working on a plan to fill a $2.2 billion dollar gap in a budget that is almost three months late.But negotiations took an…
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Pennsylvania's general fund is on track to be $1.6 billion dollars underwater by the middle of next month.In the past, the state Treasury has extended…
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State Treasurer Joe Torsella has extended a temporary, $750 million line of credit to keep Pennsylvania’s general fund balance from running dry this…
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Pennsylvania's state treasurer has authorized a short-term $750 million line of credit to keep the state's general fund from dipping into negative…
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Pennsylvania Treasurer Joe Torsella is warning that state might be unable to pay all its bills in a matter of weeks if the budget standoff in Harrisburg…
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State budgets have two basic parts: one outlines how much government will spend on its programs and expenses, and the other details where lawmakers are…
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Governor Tom Wolf and state Treasurer Joe Torsella say they have a way to cut down on Pennsylvania’s mountainous pension costs: change investment…
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State lawmakers are making progress on next year's budget three months before their June 30 deadline.But it's still a legislature prone to deadlock, so…
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Two of Pennsylvania’s top elected office holders used their first few days in office to address ethics-related issues by asking employees to sign…