LEG REG REVIEW 2014, 3rd Issue February 10, 2014
LEG REG REVIEW is a periodic newsletter produced by PHILLIPS ASSOCIATES, a professional lobbying and consultant firm located near the State Capitol. It contains news on the legislative and regulatory scene in Pennsylvania that may be of interest to the Insurance and Business Communities. It is a free member benefit for those who are members of the Pennsylvania Association of Health Underwriters (PAHU). Subscription information may be obtained by contacting PHILLIPS ASSOCIATES at 717/728-1217 FAX 717/232-7005 or e-mail to xenobun@aol.com. Please email jtrout2792@aol.com supplying both your name and e-mail address if you wish to be removed from or added to this list. BUDGET PRESENTED BY GOVERNOR FEBRUARY 4 Governor Corbett’s proposed State Budget for FY 2014-15 beginning July 1, 2014 spends $29.4 billion on state programs. Two areas receiving the lion’s share are Education (40.7%) and Health & Human Services including Public Welfare (40.1%). Debt service (interest paid on PA’s obligations) is 3.8% of the entire Budget. The $29.4 billion of state funds is supplemented by $24.2 billion of Federal Funds. Add to that a variety of special funds and programs ($15.5 billion) and one is looking at total PA expenditures of $71.8 billion in the 2014-15 state operating budget. … Read More
