Tax and Budget

State eNews Issue #42 | March 17, 2010
 

States are counting on Congress passing a six-month extension to the enhanced Medicaid matching rates originally enacted in the federal stimulus package. That increased matching amount—worth around $25 billion to states—is currently set to expire Dec. 31, 2010.

State eNews Issue #42 | March 17, 2010

While the debate over health care reform may be front and center on Capitol Hill this week, budget deficits and the jobs crisis that underlies them continue to headline conversations in state capitols.

Congress may soon follow suit. Whether health reform passes or not, Congress is poised to pivot to a series of bills, known collectively as the “jobs agenda,” which could have a direct impact on state...

According to a new CSG report, stimulus-funded green jobs grew by 70 percent in the fourth quarter of 2009. CSG’s original report, released in December, found roughly 13,000 green jobs were created or saved from when the Recovery Act was enacted to Sept. 30, 2009.

It’s no secret: During this recession, record numbers of workers who lost jobs are drawing benefits from state unemployment funds. Many states are feeling the pinch. In fact, the U.S. Senate approved legislation Tuesday night that extends federal emergency unemployment benefits for workers who have exhausted their basic state unemployment benefits.  But that won’t resolve the dire unemployment insurance situation.

As unemployment rates have skyrocketed in the economic downturn, state unemployment insurance funds are being depleted at increasing rates.  As funds run out, states are borrowing from the federal government, raising taxes and cutting benefits. 

State eNews Issue #41, March 3, 2010

Even as economists are touting the end of the Great Recession, states are still dealing with the challenges associated with the market collapse, housing bubble bust and a multitude of other fiscal challenges.

For decades, the consumption of services has been making up a higher and higher percentage of  state economic activity. Yet many states' sales tax bases fail to capture the service-based economy.

Indiana tax relief measure will be on ballot; Wisconsin and Iowa have proposals of their own

Iowa is offering an early-retirement package to state employees as part of its budget-balancing plan for fiscal year 2011.

Community colleges are experiencing record student enrollment while states are cutting their budgets due to large deficits. Enrollment caps are limiting people's access to higher education.

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