State funding for higher education has declined because of a slow recovery from the recession and the end of federal stimulus money, according to a study released Monday. Overall, spending declined by some $6 billion, or nearly 8 percent, over the past year, according to the annual Grapevine study by the Center for the Study…
Tag: states
States balanced budgets by cutting spending, says CBPP report
The Center on Budget and Policy Priorities, which focuses on state and federal budget policies, issued a new report Thursday (4/18/12) analyzing how states resolved their budget shortfalls: “Cuts in Services Have Been States’ Primary Response to Budget Gaps, Harming the Nation’s Economy.” The report documents $290 billion in budget cuts, $100 billion in tax and fee…
Fiscal emergency creeps across Oregon
Oregon counties are following New York’s into the world of fiscal crisis: During February’s legislative session, Oregon lawmakers created some new tools to help counties facing fiscal insolvency. Curry County is expected to be the first off the cliff, with $5 million dollars in obligations coming due in July. NPR has an article and interviews:…
The unkindest cut: automatic triggers
Background on the looming California budget cuts this spring… Every government bases an adopted budget on revenue projections (and engages in a variety of tactics for keeping money flowing out while it waits for that revenue to flow in). Of course, those projections meet reality at some point during the year, and budgets may need…
State and Local Budgets in 2011: The Crisis that Didn’t Happen (Yet?) – Brookings Institution
Brookings’ end of the year wrap-up of what happened and didn’t happen in 2011. The year’s top story in state and local government was “hundreds of billions of dollars” in municipal bond defaults. Oh wait, that didn’t happen. … 2011 was also the year that local property taxes finally dropped. The resilience of property tax revenues until…