
Pension Reform Necessary, but Not EasyBy Heather Perkins | Saturday, May 19, 2012 at 11:26 am |
America’s Forgotten Borders Merit More AttentionBy Heather Perkins | Saturday, May 19, 2012 at 10:56 am
The U.S. is an arctic nation. It’s also a Caribbean nation. While Alaska and Puerto Rico put the U.S. into those categories of nations, the interests of those states don’t typically make it to the top tier of American concerns. These forgotten borders were the topic of the International Committee meeting discussion Friday morning. |
House to Consider Bill Limiting Ability of States to Tax NonresidentsBy JC Hendrickson | Tuesday, May 15, 2012 at 3:46 pm |
State Minimum WagesBy Jennifer Burnett | Tuesday, May 8, 2012 at 8:49 amLegislators in several states are considering raising the minimum wage this year, but the issue is controversial. Proponents of raising state minimum wages argue that while the federal rate has remained stagnant—it hasn’t increased since 2009—the costs for housing, food, utilities and health care have continued to climb. This leaves those earning minimum wage with less money to afford the basics, which in turn puts downward pressure on the demand for goods and services. Opponents warn that raising the wage now would have a negative impact on businesses—especially during anemic economic times—and that a minimum wage hike actually hurts those that it intends to help by forcing employers to cut jobs at the low end of the pay scale. |
State and Local Pension Watch: Total Holdings and Investments Rebound in 2010By Jennifer Burnett | Monday, April 30, 2012 at 5:09 pmAccording to a new report by the U.S. Census Bureau, state and local public-employee retirement systems had $2.7 trillion in total cash and investment holdings in 2010, a $257.2 billion (10.6 percent) increase over 2009. This is the first year that state and local retirement systems have shown positive earnings since 2007, just before financial markets – and public pension assets – took a dive. Those retirement systems saw a $722.2 billion loss in 2009 and a $178.8 billion loss in 2008. |
States Consider Minimum Wage HikesBy Jennifer Burnett | Wednesday, April 25, 2012 at 3:51 pmA number of states are considering raising their minimum wages this year and/or tying those wages to an inflationary measure. Proponents of raising state minimum wages argue that while the federal rate has remained stagnant (it hasn’t increased since 2009), the costs for housing, food, utilities and health care have continued to climb, leaving those earning the minimum wage with less money to afford the basics, which in turn puts downward pressure on the demand for goods and services. Opponents warn that raising the wage now would have a negative impact on businesses – especially during anemic economic times – and that a minimum wage hike actually hurts those that it intends to help by forcing employers to cut jobs at the low end of the pay scale. |
State Energy ProgramBy Brydon Ross and Jennifer Burnett | Wednesday, April 25, 2012 at 9:49 amIn the early stages of the American Recovery and Reinvestment Act, one particular program—the $3.1 billion State Energy Program—had more than its share of controversy. Eventually, however, every state and territory accepted the money, but some have been slow to spend those funds. Now, the clock is ticking: States have until April 30 to spend their remaining balances. Multiple
reasons explain why the program was slow to get off the ground and why states have had difficulties spending their allocated funds.
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13 states lead in economic development oversightBy Jennifer Burnett | Monday, April 23, 2012 at 11:56 amWith state revenue levels just beginning to recover from the Great Recession, responsibly stewarding every public dollar is imperative and ensuring state incentive programs – especially tax incentives – are garnering a return on investment is increasingly a concern for state officials. New research out by the Pew Center on the States finds that 13 states are leading the way when it comes to examining and evaluating their business incentive programs. |
State Leaders to Debate Marketplace Fairness ActBy Chris Whatley | Wednesday, April 18, 2012 at 3:58 pmThe challenge of collecting sales taxes on out-of-state transactions is as old as the humble mail order catalogue. But in an age when consumers are buying everything from movies to groceries online, the issue is of growing importance to state fiscal health. With Congress currently considering bipartisan legislation to allow states to enforce online sales tax collection, The Council of State Governments’ Intergovernmental Affairs Committee will discuss this critical issue at CSG’s National Leadership Conference in La Quinta, Calif., May 19. |
New GAO report predicts short and long-term fiscal challenges for statesBy Jennifer Burnett | Thursday, April 5, 2012 at 2:09 pmA new report out today by the U.S. Government Accountability Office explains that, while tax receipts have improved slowly alongside national economic recovery, state and local governments still face short and long-term fiscal challenges. In the short term, the loss of ARRA funding will continue to place downward pressure on state spending and although tax receipts have now returned to prerecession levels, with income and sales tax leading most of the gains, the tax growth rate flattened out in 2011. In the long term, rising health-related costs – primarily Medicaid – will continue to increase the gap between receipts and expenditures in the coming years absent any major intervention or policy changes. |












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