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PA revenue package approved, but questions remain

October 26, 2017

Nearly four months beyond the beginning of the fiscal year, the General Assembly has approved revenue bills that – at least in theory – will balance the budget of nearly $32 billion that was approved earlier this year.

Assuming Governor Wolf approves the measures, the revenue will result from a significant expansion of gambling – casino-style gambling in truck stops, airports, online, and 10 new casino locations around the state, each with hundreds of slot machines and possibly table games – projected to raise $200 million per year.

Another $1.5 billion will be borrowed and repaid over 20 years, and $500 million is to come from “off-budget” funds at the governor’s discretion. Previously, House Republicans proposed siphoning $50 million each from multimodal transportation and public transportation funds, but the specific sources were stripped from the final version.

It is not clear what the governor will do or when he will act. Earlier measures are diverting almost $740 million from the Motor License Fund this fiscal year. PHIA will provide updates as decisions are made.

 

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