Economics and Finance

Sugggested State Legislation:This Act directs that in recommending to a consumer the purchase of an annuity or the exchange of an annuity that results in another insurance transaction or series of insurance transactions, the insurance producer, or the insurer when no producer is involved, must have reasonable grounds for believing that the recommendation is suitable for the consumer on the basis of the facts disclosed by the consumer as to the consumer’s investments and other insurance products and as to the consumer’s financial situation and needs.

CSG South

This presentation was given by Sujit M. CanagaRetna, Senior Fiscal Analyst of the Southern Legislative Conference before the 54th Annual Tennessee Governor’s Conference on Economic and Community Development in Nashville, Tennessee on September 13, 2007.

CSG South

This presentation was given by Sujit CanagaRetna, Senior Fiscal Analyst at the SLC, at the 2007 Association of Capitol Reporters and Editors annual meeting, in Philadelphia, Pennsylvania.

CSG South

The domestic auto industry remains embroiled in a structural conversion that has resulted in layoffs for thousands, drooping sales figures and rising financial losses. Some distinct advantages, both financial and nonfinancial, in these Southern states lured foreign automakers in the last two decades or so, a move that has completely shifted the economic orientation of these Southern locales from largely agricultural to high-tech, manufacturing economies.

RESOLVED, that Congress of the United States and the United States Department of Agriculture make the Rural Development title of the Farm Bill reauthorization a priority in terms of both programming and funding.

BE IT THEREFORE RESOLVED, that The Council of State Governments supports and encourages state actions to preserve the pre-eminence of state insurance systems and seeks to educate state elected officials on the potential ramifications of a bifurcated scheme on consumers and state revenues.

CSG South

The major objective of this Regional Resource is to provide a broad sketch of how the 16 SLC states are working proactively toward luring the motion picture and television industries to work within their borders. In addition, this Regional Resource sets the stage for why the film industry landscape in the United States recently has become very competitive with states vying aggressively for the business of filmmakers by offering both new and revised financial and other incentives.

CSG South

This report was prepared for The Council of State Governments Financial Services Working Group by Dwight V. Denison, Merl M. Hackbart, Juita-Eleana (Wie) Yusuf, and Jay H. Song of the University of Kentucky's Martin School for Public Policy and Administration.

Rapidly expanding proportions of retail- and business-related payments, traditionally made by cash and check, are now being made electronically through Automated Clearing House (ACH) or using credit or debit cards. Increasingly, the shift to electronic payments is also occurring in the public sector. The principal purpose of this study was to determine current state government acceptance and use of electronic tax and fee payments. Related purposes included an analysis of policies and procedures implemented by the states to more effectively facilitate and manage electronic payment processes.

A vital tool for policymakers across the region, Comparative Data Reports (CDRs) offer a snapshot of conditions on a number of issues. Published annually, the CDRs track a multitude of revenue sources, appropriations levels, and performance measures in Southern states, and provide a useful tool to state government officials and staff. CDRs are available for adult correctional systems, comparative revenues and revenue forecasts, education, Medicaid, and transportation.

CSG South

This presentation by Sujit M. CanagaRetna, Fiscal Policy Manager at the Southern Legislative Conference (SLC), was given as Testimony Before a Hearing of the Georgia Senate Grassroots Arts Program Study Committee at the Georgia State Capitol in Atlanta, Georgia on November 20, 2006.

The economic impact of the arts is an issue that the SLC has been studying for well over two decades now. The SLC’s ongoing review of this topic and publications is a reflection of the recognition of its importance to SLC economies and public officials in the South. As demonstrated in these reports, a relatively miniscule investment in the arts results in substantially larger financial returns alongside many other benefits. The presentation summarizes a report completed earlier this year, entitled From Blues to Benton to Bluegrass: the Economic Impact of the Arts in the South, the most recent SLC report focusing on the arts in 16 Southern states.