Senate republican leaders held a presser Wednesday afternoon at 1:45pm to explain why they are moving forward with passing a stopgap budget.

Senator Joe Scarnati.

Calling this a gimmick is adolescent.

Governor Tom Wolf held a 4pm presser to respond to republican house and senate leadership.

Today is a startling example of how broken Harrisburg is.

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The Governor's Office released this information at 5:01pm .

Governor Wolf’s historic liquor reform proposal:

Long-term lease of entire system for private management of wholesale and retail:

Lease term would be 10 years at a minimum and 25 years at a maximum.

Private entity would have discretion over number and location of stores.

Private entity would have substantial flexibility regarding pricing.

Private entity would be required to maintain current workforce.

Contract would include performance benchmarks and incentives.

Retail stores would be open 7 days per week from 8am – 11pm.

Increased revenues to the commonwealth.

To be negotiated:

Wine in grocery and restaurants.

Six packs in convenience stores.

Governor Wolf’s historic pension reform proposal:

401K components:

Mandatory, 401K-style plan for all new employees above $75,000 annual income.

Additionally, all employees could be given the option to participate in a defined contribution plan at their time of hire.

Anti-spiking (excluding only State Police).

Revenue neutral option 4.

Risk sharing (all employees).

Additional risk share contribution @ 6.5% annual return - $2 billion.

$3 billion bond for PSERS cash investment.

Reduce Wall Street management fees within both retirement systems by combined $200 million annually.

Establish restricted receipt account to guarantee future actuarially required payments to PSERS.

Total savings - $20.23 billion