Following a hectic budget season, our team here at Triad believes it’s important to highlight some of the “wins” we helped secure on behalf of our clients. Each budget season comes with its own unique set of challenges, and this year was no different. But through the negotiations and compromises, we were able to help bring several key issues across the finish line. Here’s a breakdown of our clients’ 2019-2020 budget wins:
- Expansion of the Qualified Manufacturing Innovation and Reinvestment Deduction (QMIRD) tax credit, which encourages investments and job creation efforts for manufacturers with a capital investment of at least $100 million in Pennsylvania.
- Continued long-term funding to support reduced-fee AP exams for underprivileged students. This will contribute to the overall effort of creating greater access to higher education opportunities, regardless of a family’s economic status.
- The Keystone Telepresence Education Grant program, which was signed into law along with the budget. This new program will provide access to education for children who, for medical reasons, are unable to physically attend school. This legislation is life-changing for children and families undergoing medical treatments, such as pediatric cancer.
- Extension of the sunset provisions for Transportation Network Company (TNC) services law. This new one-year extension will allow TNCs to continue operating around the Commonwealth as the state continues to embrace these popular transportation services.
- Additional funding for small water and sewer projects in the form of grant allotments, making $40 million available for water and sewer projects that range between $30,000 and $500,000.
- Additional funding for residential natural gas infrastructure expansion. Specifically, this broadens the pool of eligible grant recipients and increases the maximum grant amount to $1.5 million. It will provide natural gas companies with greater opportunities to expand their operations in the Commonwealth.
- Establishment of the governor’s PA Preferred Organics program. This program will help make Pennsylvania the nation’s leading organic farming state by further enhancing the growth of the industry.
- Establishing a pilot program for an increased enrollment in Living Independence for the Elderly (LIFE) programs, beginning Sept. 1. LIFE is a managed-care program that provides a comprehensive, all-inclusive package of medical and supportive services for those under the age of 55. The enrollment expansion in the pilot program will allow more individuals who meet the requirements to live independently while receiving the necessary services and supports they require.
The Triad team is proud that so many issues included as part of this year’s budget proved to benefit many of its clients, and just as importantly so many citizens of the Commonwealth. We’re looking forward to a busy fall, where we expect lawmakers will continue to debate a host of tier-one issues. Our goal is to continue the momentum we realized in June and bring about more wins for our team of clients.