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Senate Appropriations Committee ReportJuly 2018Committee WebsiteView Report Online(all tables and graphics can be viewed online) Fiscal Year 2018-19 Budget Earliest Since 2001The Fiscal Year 2018-19 budget was signed into law by Governor Wolf on June 22, 2018, which is the earliest point in the year a budget has been enacted in 18 years. In addition to being on time, the FY 2018-19 budget places the Commonwealth on stronger financial footing than at any time since the Great Recession of 2008. Significantly, the FY 2018-19 budget is balanced without the need for tax increases. The ability to balance the budget without new taxes is accomplished through controlled spending, which increases by only 1.7% over the prior year – well below the rate of inflation and well within the limits of the Taxpayer Bill of Rights (TABOR). The fiscal discipline evident in the FY 2018-19 budget is carefully executed in order to provide increased investments in key areas that are vitally important for continued growth and opportunity throughout the Commonwealth. Although overall spending is restrained, the FY 2018-19 budget contains strategic investments in these and other areas:
Senate Bill 1056 Becomes Law – Businesses Once Again Welcome to Invest in PASenator Brooks’ Senate Bill 1056 was recently enacted as Act 72 of 2018. The landmark legislation ensures that businesses can invest and grow in Pennsylvania by providing a traditional cost recovery mechanism for assets placed in service in the state. Prior to enactment, Corporation Tax Bulletin 2017-2 prohibited all depreciation of assets for which federal bonus depreciation is claimed until the assets were sold or disposed of. Spotted LanternflyIn 2014, the Pennsylvania Department of Agriculture confirmed the presence of the Spotted Lanternfly in Berks County, the first detection of this non-native species in the United States. The Spotted Lanternfly which is native to China, India and Vietnam was introduced to South Korea in 2004 and has caused significant damage to fruit crops and hardwoods in that country. In Pennsylvania, the Spotted Lanternfly is a serious threat to the grape, apple, peach, hops and hardwood industries that together account for approximately $18 billion in annual sales. Upon determining that the potential impact to our agricultural resources could be significant, the Pennsylvania Department of Agriculture issued a quarantine to restrict the movement of the Spotted Lanternfly. To date, along with Lehigh County, the following counties have been placed in the quarantine: Berks County, Bucks County, Carbon County, Chester County, Delaware County, Lancaster County, Lebanon County, Monroe County, Montgomery County, Northampton County, Philadelphia County, and Schuylkill County. After hearing growing concerns about the Spotted Lanternfly from the state’s agricultural community, the General Assembly included $3 million in the General Fund Budget that was enacted in June to combat the pest, which is $1.4 million, or 87.5%, more than the amount proposed by the Governor. In addition, the federal government has dedicated $17.5 million toward this effort. The signs of a Spotted Lanternfly infestation include trees that have developed weeping wounds which leave a greyish or black trail along the trees’ trunks accompanied by bees, wasps and other insects that feed on the sap dripping from the trees’ wounds. Also, in the fall, the adults will lay egg masses on trees and smooth surfaces. The egg masses have a grey mud-like covering which appear dry and cracked over time. The Spotted Lanternfly adult is approximately 1 inch long and ½ inch wide while at rest. The forewing is grey with black spots, and the wing tips are reticulated black blocks outlined in grey. The hind wings have contrasting patches of red and black with a white band. The legs and head are black; the abdomen is yellow with broad black bands. Immature stages of the Spotted Lanternfly are black with white spots and develop red patches as they grow. If you suspect you have seen a Spotted Lanternfly, you are encouraged to report the sighting to the Pennsylvania Department of Agriculture at Badbug@pa.gov, or 1-866-253-7189. Fiscal Year 2017-18 Draws to a CloseAs Fiscal Year 2017-18 drew to a close, General Fund revenue collections for the month of June were below the estimate by $258.7 million, largely as a result of there being no $200 million transfer from the Pennsylvania Professional Liability Joint Underwriting Association (JUA) and weaker than expected corporate net income and personal income tax payments. General Fund revenue collections for the fiscal year ending 2017-18, totaling $34.57 billion, were $137.2 million, or 0.4%, below the estimate for the year. June General Fund Revenue vs. Estimate:
Fiscal Year 2017-18 vs. the Official Revenue Estimate:
Fiscal Year 2017-18 vs. FY 2016-17:
Senator Martin’s Bill Encouraging Private Donations to Fight Pediatric Cancer Received Final ApprovalA measure that would help generate private donations to support pediatric cancer research was signed into law by Governor Wolf on June 28, 2018, according to the bill’s author, Senator Scott Martin (R-13). “Families who are affected by childhood cancer deserve all of the love and support we can offer,” Martin said. “There is a strong will for the public to help families who are affected by pediatric cancer. It is my hope that this legislation will improve diagnosis, treatment and prevention strategies that will help more young people who are affected by cancer overcome this awful disease and lead long, healthy lives.” Pediatric cancer is the leading cause of death by disease among children nationwide. Every year, 91,250 kids die from pediatric cancer worldwide. Contributions by the public can be made when renewing a driver’s license, identification card or vehicle registration electronically through PennDOT’s website. |
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