Wolf Threatens Unilateral Action on Budget if Compromise Solution is Not Passed

Gov. Wolf offers compromise plan for budget with severance tax

Wolf Threatens Unilateral Action on Budget if Compromise Solution is Not Passed

Reed, frustrated on Wednesday by what he felt were broken commitments by other players in the budget negotiations on a variety of fronts, was referring to S&P Global's downgrade of the state's credit rating from a AA- rating to an A+ rating, the lowest it's been in 39 years. In a statement Tuesday night, his office said Wolf still believes a Marcellus Shale tax is the most responsible source of recurring revenue to help balance the budget and that it is studying the House Republican proposal.

Wolf pointed the finger at the House's Republican majority for failing to come up with enough votes to produce a tax package big enough to meet his demands to pare down Pennsylvania's stubborn post-recession deficit.

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This repurchase authorization permits the construction company to buy up to 18.3% of its shares through open market purchases. They expect this year's earnings to fall -3.33% year-over-year to $2.9, followed by -5.17% decline in the next year to $2.75.

Back in June, lawmakers passed a $32 billion budget, but they did not come up with a way to pay for it.

The governor says he's fed up with politics as usual.

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Wolf says he's exhausted of waiting and that his steps will be immediate. "I'm not going to play their games any more so I'm drawing a line in the sand". He also says he'll manage state resource.

Wolf's proposed budget does not include the "annual appropriation to support clinical services, research and scholarship" to Penn vet, school officials said.

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