MON: Senate takes carving knife to House budget;
TUES: House rejects Senate amended budget;
WED: informal talks begin between all sides;
NEXT MON: bi-cameral conference committee will be chosen and will start negotiating
State lawmakers engaged in some informal budget talks yesterday, with a conference committee to be chosen for formal meetings on Monday.
Yesterday, the Senate approved their amendment to the House’s budget, which effectively cut it from $29.1 billion to $27.1 billion. The bill was kicked back to the House where they can either approve it, amend it or reject it.
Senate Republicans say they will introduce an amendment to cut the House’s budget from $29.1 billion to $27.4 billion, using one time revenue sources such as tax amnesty and the Rainy Day Fund to balance revenue with spending.
The House gets ready to debate both the House R and the House D’s budget proposal. While the Patriot-News asks if budget talks would be running more smoothly with Fumo still in office…
Yesterday evening House Dems voted their $29.1 billion budget proposal out of committee. Their proposal calls for $400 million more in spending than Rendell’s and effectively de-funds higher education.
It was announced that the Governor’s proposed personal income tax increase, which would be used to balance the budget, is dead. Find out what both sides may do now…
While the difference between the governor’s and the Senate R’s budget has narrowed by $200 million, they still remain $1.3 billion apart. Another canyon sized gap still exists when it comes to their ideology on taxes.
…this makes seven in a row.