Tuesday, January 15, 2013

Business News in the Lehigh Valley, 1/15/13

Good morning, and happy Tuesday Lehigh Valley. We're halfway through January already, if you can believe that!

Pennsylvania Governor Tom Corbett announced on January 11 his plan to award the state's $3.5 billion lottery will be awarded to a private company, Camelot Global Services PA, LLC. This is not a binding contract, but will allow for the disclosure of procurement details during the Finance Committee Hearing. State Revenue Secretary Dan Meuser supported the Governor's plan to privatize the lottery, with the goal of increasing profits from the system.

The House will vote on Hurricane Sandy disaster aid in the next few days, as the multi-billion dollar plan will be put in front of lawmakers this morning. New Jersey and New York lawmakers have been especially adamant in regards to making sure the $51 billion package passed the House.

President Obama recently announced that his administration would unveil a "sensible, common sense" proposal to gun violence this week. The plan would include improved background checks, limits on the sale of high-capacity magazines and a meaningful assault weapons ban.

NJ State Senator Michael Dougherty drafted legislation that would redirect revenue generated from red light cameras tickets into New Jersey's Highway Safety Fund. The potential "hundreds of thousands" in revenue is now directed toward municipal budgets, not for driver safety.

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