LEG REG REVIEW 2015, 9th Issue *** March 9, 2015

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.   GOVERNOR WOLF PROPOSES BUDGET Governor Tom Wolf presented his FY 2015-16 State Budget proposal to a joint session of the House and Senate March 3.  Following are some general highlights reported by the media, followed by Budget details of particular interest to the insurance industry.   General Highlights:  General Fund revenues from various taxes (corporation, personal income, sales, etc.) are budgeted at $30 billion compared to $28.889 million in the current FY 2014-15.  Property taxes at the local level would be reduced as would Corporate Net Income Taxes and a continued reduction in the Capital Stock & … Read More