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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.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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