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Pennsylvania Budget Updates
PENNSYLVANIA UNCERTAINTY CONTINUES (Update)
Legislature goes on recess leaving funding questions for budget unresolved.
On Monday another day passed with the question of how Pennsylvania is to fund its $1.3 billion budget deficit still unresolved as the Legislature went into recess and Gov. Tom Wolf continued to perpetuate the unusual situation of an unsigned yet unvetoed budget facing a midnight Tuesday deadline, when it is set to lapse into law without a funding package.
The governor claims that it is the Legislatures responsibility to back the budget bill with a sustainable funding bill.
The crisis has resulted in the possibility of legal challenges and a downgrade to the states credit rating as the political debate continues.
Bi-partisan negotiators still working on the funding proposals told local media that the next 24-hours would be critical. The proposals’ main stalling points appear to be taxation on tobacco and cigarettes and the expanded online and slots gambling provisions, with which the House is happy but the Senate remains opposed.
"The next 24 hours will tell the tale of whether we are going to have an agreement or whether all sides retreat back to their own corners," House Republican Majority Leader Dave Reed said after an hours-long meeting with Wolf and legislative leaders Monday.
Neither Reed nor other leaders would discuss what progress, if any, negotiators have made.
Gov. Wolfs decision to neither sign nor veto the bill raises unprecedented questions, as the state constitution demands a balanced annual budget. There is also the threat of a downgraded credit rating for the state, a possibility flagged by rating agency S&P following Mondays lack of progress.
Some of observers have pointed to a 1932 Pennsylvania Supreme Court decision as being relevant. In that issue, the court directed the state to plug a deficit by evenly cutting spending across all agencies until the expenses matched available revenues. Legally mandated expenses would be exempted from cuts in such an order.
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Gambling News :
Leap Gaming Partners With Pala Interactive -
Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.
Bla Bla Bla Studios -
Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.
Betser Powered By SBTech -
#Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.
Hollywood Classic Slots launches -
Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.
Pagcor relents on 20 venues -
In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.
Kama Games Selects Unity -
#Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.
Novomatic Slot Competition -
#Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.
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