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Tom Corbett

  • HARRISBURG, Penn., March 3- Pennsylvania Governor Tom Wolf proposed a $29.9 billion budget on Tuesday that includes $2.5 billion of net tax increases for fiscal 2016.. "Pennsylvania will not improve until it rebuilds the middle class," Wolf said. Wolf proposed hiking Pennsylvania's personal income tax rate to 3.70 percent from the current 3.07 percent while...

  • Tom Wolf, who ran last year with the backing of environmental groups, will soon be giving a first glimpse at how his administration will approach the powerful Marcellus Shale natural gas industry. Next week, Wolf's Department of Environmental Protection is preparing to release its plans to update various rules over the drilling industry, including how it must...

  • HARRISBURG, Pa.— For the second time in two years, the Pennsylvania House of Representatives on Thursday sent a proposal to privatize the operations of much of the state-controlled wine and liquor store system, but it faces an uncertain fate and is challenged as a long-term fiscal loser for the state government. "It has been way too long in Pennsylvania."

  • An outside audit of the Legislature's finances showed that the surplus grew to $161 million, as of last June 30. At the time, Corbett struck $65 million from the Legislature's own appropriations and an additional $7.2 million in earmarks and other spending items picked by lawmakers. For years, auditors hired to report on the Legislature's financial practices...

  • UPDATE 1-Philadelphia approves five new charter schools Wednesday, 18 Feb 2015 | 11:14 PM ET

    PHILADELPHIA, Feb 18- Philadelphia's financially distressed school district, one of the country's biggest battlegrounds over the expansion of charter schools, approved five new charters on Wednesday in a contentious meeting marked by protests, shouting and arrests. The vote by the Philadelphia School Reform Commission, formed in 2001 as part of a state...

  • PHILADELPHIA, Feb 18- Philadelphia's financially distressed school district, one of the country's biggest battlegrounds over the expansion of charter schools, will learn on Wednesday whether new charter schools will be approved for the first time in seven years. The American Federation of Teachers has fought against the nation's expansion of mostly...

  • NEW YORK, Feb 11- Pennsylvania Governor Tom Wolf on Wednesday proposed a new 5 percent severance tax on the state's booming natural gas extraction industry, a turnabout from his Republican predecessor who opposed such a tax. Like other public schools in Pennsylvania, Caln gets about 30 percent of its funding from the state. Wolf noted that Pennsylvania ranks...

  • Jan 29- Pennsylvania Governor Tom Wolf on Thursday signed an executive order reinstating a moratorium on new leases for oil and natural gas development in state parks and forests. Officials in Pennsylvania were not immediately available to say how much gas and oil energy companies produce from state forest and park land. Drilling for gas in the Marcellus...

  • NEW YORK, Oct 31- The Democrat who could oust Pennsylvania's Republican governor in November wants to reshape the state's personal income tax system to make it more progressive. Pennsylvania's public pension system has a $50 billion future gap at a time when new revenue is in short supply because of the state's sluggish economic recovery.

  • A handful of the Nov. 4 races such as the dead heat in Illinois, possibly the most fiscally dysfunctional state, shape up as de facto referendums on reform and their results could make municipal bond investors alter their bets. "People are not so much voting for governor in some of these states but how they want the pensions addressed," said Craig Brandon, Co-Director...

  • NEW YORK, Oct 28- Investors stung by plunging oil prices and energy stocks may find relief right around the corner: A Republican-led U.S. Senate could well jump-start energy-friendly policies that would shore up the beaten-down sector. Now, those with a stake in the sector hope a Republican Senate takeover will lead to reform of export laws, speed up approval of...

  • *Medicaid expansion key part of Obama's healthcare reform. Up to a dozen states, including several led by Republicans, could move forward with plans to expand coverage under Medicaid after the November elections. Texas Governor Rick Perry once said expanding Medicaid would be similar to "adding a thousand people to the Titanic."

  • A report by the U.S. Department of Health and Human Services said nearly three-quarters of the savings, $4.2 billion, would occur in states that have opted to expand the Medicaid healthcare program for the poor as part of the law, popularly known as Obamacare.

  • Who's living large in Michigan? The governor. Thursday, 18 Jul 2013 | 1:57 PM ET

    Twenty-two U.S. governors make over $140,500 a year, and they've been investing in some impressive digs. Click ahead to take a peek at the homes of some top-paid governors.

  • *New York, Philadelphia, Washington, Boston in its path. NEW YORK/ REHOBOTH BEACH, Del., Oct 29- Hurricane Sandy began battering the U.S. East Coast on Monday with fierce winds and driving rain, as the monster storm shut down transportation, shuttered businesses and sent thousands scrambling for higher ground hours before the worst was due to strike.

  • Pa. utility agency slapped by judge, admits error Friday, 26 Oct 2012 | 4:03 PM ET

    HARRISBURG, Pa.-- The Pennsylvania Public Utility Commission was ordered Friday by a state judge to stop reviewing or challenging municipal ordinances that affect natural gas drilling, the same day the agency admitted to miscalculating how much money some municipalities will receive from the booming drilling industry.

  • NEW YORK, Oct 25- The outcome of a court hearing set to begin on Thursday will determine whether a major regional healthcare system in Pennsylvania is driven into bankruptcy or will be allowed to seek other suitors after a $475 million merger deal with insurer Highmark Inc crumbled.

  • Report: Pa. has 4th-highest in-state tuition costs Wednesday, 24 Oct 2012 | 4:46 PM ET

    PITTSBURGH-- A new report from the College Board says Pennsylvania has the fourth-highest in-state tuition charges in the nation for four-year public universities. The Penn State University Park campus topped the list nationally with in-state tuition and fees totaling more than $17,200 for the current class.

  • 14 eco groups ask Pa. to change drill/water policy Wednesday, 24 Oct 2012 | 10:06 AM ET

    PITTSBURGH-- Fourteen environmental groups have asked Pennsylvania Republican Gov. Tom Corbett to reverse a recent change in how official notifications of possible water pollution related to Marcellus Shale natural gas drilling are handled.

  • Pa. gov gets bill to let firms keep payroll taxes Thursday, 18 Oct 2012 | 10:32 AM ET

    HARRISBURG, Pa.-- A new state tax incentive designed to encourage companies to hire in Pennsylvania passed both chambers of the Legislature on Wednesday and was sent to Gov. "The beauty of this approach is that this is not revenue that is in the state currently," Senate Appropriations Committee Chairman Jake Corman, R- Centre, told colleagues. "