Watson Casts Vote Against Record Level of Borrowing in House Revenue Plan
10/18/2017
HARRISBURG – Rep. Kathy Watson (R-Bucks/144th) today issued the following statement after she cast a “no” vote on House Bill 542, legislation that would close the budget deficit by a record level of borrowing against the Tobacco Settlement Fund:

“Sadly, this budget impasse has gone on for far too long, and I would like to see a revenue package that contains sustainable, recurring funds that will not set our state back financially. I have serious concerns that the record level of borrowing in this legislation – at $1.5 billion – is bad public policy. Borrowing should be reserved for capital projects, not to pay last year’s bills.

“Additionally, this type of borrowing – which could take up to 30 years to pay back – doesn’t make any sound financial sense and the details of such bonds would leave a lot of discretion to those making the deals.

“I’m not convinced that this revenue package is really the best deal for Pennsylvania; however, it does contain some revenue-generating items I support, such as capturing sales taxes on online third-party sellers. Although my vote was against the bill, I am glad to see the process moving forward and hope we can resolve this impasse sooner rather than later.”

The bill passed by a narrow 102-88 vote on Oct. 17, and is now with the state Senate for consideration.

Representative Kathy Watson
144th District
Pennsylvania House of Representatives

Media Contact:  Jennifer Keaton
jkeaton@pahousegop.com
KathyWatson144.com / Facebook.com/RepWatson
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