Capitol Comments

Only about half of workers participate in a workplace retirement plan according to The Pew Charitable Trusts. In other words, more than 30 million full-time, full-year private-sector workers ages 18 to 64 don’t have access to an employer-based retirement plan and most Americans aren’t confident they will have enough money for a comfortable retirement. States have taken notice and are taking action.

A new annotated reference guide to state budgets, financial reports, and fiscal analyses - State Budget Sources: An Annotated Guide to State Budgets, Financial Reports, and Fiscal Analyses, from the Volcker Alliance - is now available online. The report is designed to help public officials, policy advocates, journalists, academics, and concerned citizens fully understand the critical fiscal decisions that governors and legislators must make.

According to newly released data from the U.S. Census Bureau’s 2015 Annual Survey of State Government Tax Collections, state government tax revenue increased 4.8 percent from fiscal year 2014 to fiscal year 2015 – growing from $875.0 billion to $916.5 billion. It’s the fifth consecutive year states have seen their tax revenue grow.

The Obama Administration announced yesterday awards totaling $38.8 million for 29 economic and workforce development projects across seven states – Alabama, Kentucky, Ohio, Pennsylvania, Texas, Virginia, West Virginia – to assist communities negatively impacted by changes in the coal industry.

Last week, the Department of Justice announced it would be seeking to reduce and eventually end the practice of using privately operated prisons.  In a memo to the Bureau of Federal Prisons, Deputy Attorney General Sally Yates explains that about a decade ago, the Bureau began contracting with privately operated correctional institutions to handle a fast increasing federal prison population. Now, however, the prison population has started to decline.