April State Revenues $328.3M Below Estimate, Revenue Projections Worse
Pennsylvania collected $3.4 billion in General Fund revenue in April, which was $328.3 million, or 8.8 percent, less than anticipated, Secretary of Revenue Daniel Meuser reported Thursday.
Fiscal year-to-date General Fund collections total $23.9 billion, which is $424.5 million, or 1.7 percent, below estimate, without adjusting for last month’s early $80 million liquor profits transfer.
The Independent Fiscal Office Thursday released new revenue estimates which for FY 2013-14 is $608 million less than earlier estimates and for FY 2014-15 is $990 million less than previous IFO estimates resulting in nearly $1.6 billion less revenue than anticipated earlier, according to director Matthew Knittel.
Sen. Ferlo Introduces Bill To Enact A Severance Tax, Overhaul Oil And Gas Regulations
Sen. Jim Ferlo (D-Allegheny) Tuesday announced the introduction of Senate Bill 1359 that will overhaul key requirements of the statute which regulates oil and gas drilling in the Commonwealth, enact a severance tax and impose a two year moratorium on additional drilling in State Forests.
CBF: Battle Lines Drawn In Appeal Of Chesapeake Bay Restoration Efforts
With the deadline for engaging in the case now past, the final battle lines have been drawn in the fight over Chesapeake Bay restoration efforts. The case pits the American Farm Bureau Federation and its allies against the federal Environmental Protection Agency, the Chesapeake Bay Foundation, and their allies.
Pennsylvanians Invited To Complete Online Outdoor Recreation Survey
Department of Conservation and Natural Resources Secretary Ellen Ferretti Wednesday encouraged Pennsylvanians to share what they like to do outdoors in a 5-minute, online survey that will assist with planning.
American Farmland Trust Honors 2 Berks Ag Land Preservation Board MembersAmerican Farmland Trust and the Pennsylvania Farmland Preservation Association Thursday announced Dr. Robert C. Ziegenfus and Victoria Kintzer, two charter members of the Berks County Agricultural Land Preservation Board, are winners of this year's Local Hero Award.