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Final PA budget deficit: $3.25 BillionTony Phyrillas: Wednesday, July 1, 2009
Pennsylvania finished with a $3.25 billion budget deficit for the 2008-09 fiscal year ending June 30, according to the Department of Revenue, which released estimated final tax revenue numbers today.
The state collected $2.3 billion in General Fund revenue in June, $415.3 million, or 15.5 percent, less than anticipated, according to Secretary of Revenue Stephen H. Stetler
Fiscal year 2008-09 General Fund collections totaled $25.5 billion, which is $3.25 billion, or 11.3 percent, below esti...
American Revolution Center now headed for Phila.Philadelphia Business Journal: Wednesday, July 1, 2009
The American Revolution Center said Wednesday that it has abandoned its plans to build in Valley Forge, Pa., and will instead develop its museum at Independence National Historic Park in Philadelphia.
Aberdeen Asset Management acquires Credit Suisse assetsPhiladelphia Business Journal: Wednesday, July 1, 2009
Aberdeen Asset Management Inc., the U.S. subsidiary of a Scottish investment company of the same name, said Wednesday it will add $959 million to its asset management business through its acquisition of certain fund management assets and businesses from Credit Suisse Group AG.
Scarnati: Rendell must stop 'scare tactics'Tony Phyrillas: Wednesday, July 1, 2009
Senate President Pro Tempore Joe Scarnati has called on Gov. Ed Rendell to end "public scare tactics" and begin sincere negotiations on a 2009-10 state budget.
From a press release issued today by Scarnati: "In order to sell something that is not in the best interest of Pennsylvanians, which is a massive increase in the personal income tax, the Governor has come to his final option…threatening a doomsday scenario in the Commonwealth," Scarnati said. "However, if we are to get to the point of ...
Legislators take the 'No Tax Increase' pledgeTony Phyrillas: Wednesday, July 1, 2009
A total of 57 members of the Pennsylvania Legislature have signed The Commonwealth Foundation's "No Tax Pledge," promising to "balance the budget, protect public safety and human services, and educate our children without raising taxes."
There are 253 members in the Pennsylvania Legislature.
If your state Senator or state Representative is not on the list, you need to contact them immediately to find out why they are not standing up for Pennsylvania taxpayers.
View the full list in PDF ...
Stimulus paying for training in Phila.Philadelphia Business Journal: Wednesday, July 1, 2009
The award of $2.92 million in federal stimulus funds to organizations to provide work force training programs in Philadelphia was announced Wednesday.
CardioNet stock takes hit on revised guidancePhiladelphia Business Journal: Wednesday, July 1, 2009
Shares in CardioNet, which provides devices used to diagnose and monitor cardiac arrhythmias, were trading sharply lower Wednesday after the company announced guidance that did not meet earlier guidance or analysts’ expectations. (BEAT)
PA GOP blasts Rendell for missed budget deadlineTony Phyrillas: Wednesday, July 1, 2009
Republican Party of Pennsylvania Chairman Rob Gleason issued he following statement on Gov. Ed Rendell missing the state's budget deadline for the seventh year in a row:"Governor Rendell needs to stand up and take responsibility for his actions," Gleason said. “His out-of-control spending over the last seven years is the reason our Commonwealth is in this position in the first place! He needs to stop trying to push the burden of making up his budget shortfall onto hardworking Pennsylvania famili...
