Harrisburg –Senator Bob Mensch (R-24) spoke to members at the Upper Bucks Chamber of Commerce on April 12, 2019 during their “State of the State” event.
Senator Mensch provided an overview of the Governor’s Fiscal Year 2019-20 budget proposal and outlined the budget process. He also discussed the passage of Act 1 of 2019 which ends pension benefits from elected officials as well as public employees who commit a job-related felony offense or one punishable by more than five years in prison.
Senator Mensch discussed his re-introduction of several bills, including SB 309 which permits eligible Pennsylvanians to open special savings accounts and take state tax deductions for savings toward expenses such as a down payment and closing costs.
“Since the 2009 financial crisis, the number of first-time homebuyers has decreased significantly,” said Mensch. “According to the National Association of Realtors, the share of first-time homebuyers in the national home sale market has fallen from 45 percent to just 32 percent. Home ownership strengthens communities and provides stability for families. A first-time homebuyers saving account will be an important tool in helping people overcome the financial obstacles to home ownership.”
For more information on Senator Mensch’s legislation, visit www.senatormensch.com. State updates can also be found on Senator Mensch’s Facebook at www.facebook.com/PASenatorBobMensch, or Twitter @SenatorMensch.
CONTACT: Sarah Rasmussen firstname.lastname@example.org (215) 541-2388