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Meuser warns of budget deficit, rising pension costs

Dan Meuser, Pennsylvania's secretary of revenue under Governor Tom Corbett, recently warned of the budget deficit facing the state, with pension costs expected to grow by more than $4 billion in the next two years.

Pa. legislature approves bill to allow in-state expansion of Tesla Motors

Lawmakers approved legislation last week that would allow the Palo Alto, Calif.-based electric car manufacturer Tesla Motors to expand its retail operations in Pennsylvania and add more service locations in the state.

Unemployment expected to decline across tri-state area

The Federal Reserve Bank of Philadelphia recently forecast a drop in unemployment across the tri-state area of Pennsylvania, New Jersey and Delaware for the month of June.

Wolf criticizes Corbett for Pennsylvania budget crisis

Tom Wolf, the Democratic candidate for the gubernatorial seat in Pennsylvania, toured a start-up incubator in East Liberty on Monday, where he criticized current Governor Tom Corbett for what Wolf called a leadership problem.

Molchany submits resolution to PUC to allow ride-share companies to operate

Pennsylvania state Rep. Erin Molchany filed a resolution on Monday requesting that the state's Public Utility Commission (PUC) grant immediate experimental service licenses to ride-share companies Uber and Lyft to allow them to operate in the state.

House environmental committee votes to end summer gas requirement

Pennsylvania's House Environmental Resources and Energy Committee passed legislation on April 9 that would end the required use of "summer gas" in seven counties in western Pennsylvania.

Vantage Energy files for $400 million IPO

The Colorado-based Vantage Energy, one of the largest natural gas producers in southwestern Pennsylvania, recently filed with the SEC for a $400 million initial public offering, with plans to trade on the New York Stock Exchange.

Uber seeks approval from PUC of emergency application

Ride-sharing company Uber updated an emergency application on Monday before the Pennsylvania Public Utility Commission (PUC) to get permission to operate in the state, complete with signed supporting statements from Pittsburgh residents who voiced support for the service.

Philadelphia's Valley Green Bank to merge with Univest

The Philadelphia-based Valley Green Bank will merge with Univest Corp. next year as part of a deal valued at $76 million.

Pickett urges PUC to address insurance coverage gaps for ride-sharing companies

Pennsylvania state Rep. Tina Pickett, the chairman of the state House Insurance Committee, recently urged the Pennsylvania Utility Commission (PUC) to address gaps in insurance coverage for ride-sharing companies as part of the review process.

William Ryan appointed to second term as head of Pennsylvania gaming authority

William H. Ryan was recently appointed to a new three-year term as the chairman of Pennsylvania's Gaming Control Board (PGCB).

Commonwealth Foundation: Defined contribution plans may solve state's pension crisis

Nathan Benefield, the vice president of policy analysis at Pennsylvania's Commonwealth Foundation, recently said that the state must reform its pension system in order to protect public workers from cuts in benefits.

F.N.B. Corp. names Pittsburgh official corporate headquarters

F.N.B Corp., the parent company of First National Bank of Pennsylvania, recently announced that it has formally established its headquarters in Pittsburgh.

Proposed audit of Pittsburgh sports authorities to estimate revenue contributed to city coffers

Pittsburgh's city council approved a proposed audit last week for city authorities to quantify how much they contribute to the city coffers.

Smith joins co-sponsors in support of Fontana's bill to allow ride-sharing in Pennsylvania

Pennsylvania state Sen. Matt Smith recently joined a number of lawmakers last week in support of efforts by Sen. Wayne Fontana to allow ride-sharing companies Uber and Lyft to continue their operations.

State counties may receive $1 billion following ruling on mortgage registry

Pennsylvania counties could receive more than $1 billion after a recent federal court ruling against the banking industry's mortgage registry, which was found to have allegedly violated state law.

U.S. House sends jobs training bill to President Obama for approval

The U.S. House of Representatives voted 415-6 last week to send legislation to President Obama that would consolidate federal job training, adult education and literacy education programs into a single workforce program to be administered by states.

New legislation to allow earlier CRIZ designations passes Senate

The Pennsylvania state Senate passed legislation on Tuesday aimed at improving a program designed to attract development, revitalize downtown areas and create jobs in the state's struggling cities.

Corbett line-item vetoes funding for legislature over lack of pension reform

Last week, Pennsylvania Governor Tom Corbett signed the state's budget but line-item vetoed funding for the state legislature, criticizing lawmakers for leaving the capitol without addressing the public pension problem.

Pennsylvania budget including Penguins arena deal to cost taxpayers $1 million

The $29.1 billion budget sent to Pennsylvania Governor Tom Corbett for approval includes a Consol Energy Center arena deal that puts taxpayers on the hook for approximately $1 million.

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