Capitol Roundup from Rep. Mike Peifer
6/5/2015
Wolf’s Proposed Budget Voted Down
The House voted unanimously this week against an amendment which included the tax increases found in Gov. Tom Wolf’s $33.8 billion proposed budget to fund a proposed 16 percent increase in government spending. The Independent Fiscal Office recently indicated the tax hikes would negatively impact residents all across the state from all income groups. In addition to tax increases, the governor’s budget plan also included an expansion of the sales tax, applying it to many more products and services such as diapers, caskets, room and board for college students, day care services, and nursing home services. Now, a budget negotiation process will begin with both chambers of the legislature and the governor’s office. The deadline for the final budget to be passed is June 30.

Property Tax/Rent Rebate Program Deadline Extended
Pennsylvania’s Property Tax/Rent Rebate Program application deadline has been extended from June 30 to Dec. 31. The program provides property tax and rent relief for eligible Pennsylvanians age 65 and older; widows and widowers age 50 and older; and people with permanent disabilities age 18 and older.

The income limit is $35,000 a year for homeowners and $15,000 annually for renters. Fifty percent of Social Security income is excluded when determining eligibility. The maximum standard rebate is $650. For more information or an application, residents should contact Peifer’s (R-Pike/Wayne) district office at 570-226-5959.

Information also is available at the Department of Revenue’s website, www.revenue.state.pa.us  

Economic Update
General Fund revenue collections for the month of May were $1.96 billion, which was $50 million more than expected. Collections of $99 million for corporation taxes came in above Department of Revenue projections by $2 million. Sales tax collections of $746 million were lower than expected, coming in $37 million below the official estimate. The Personal Income Taxes collected were $775 million, which was above estimate by $13 million. Year-to-date General Fund collections of $27.7 billion are above the official estimate by $619 million.
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