CSG Research & Expertise in the News: State budgets; SLIMPACT

CSG Research & Expertise in the News: 6/12-6/118, 2011

The following compilation features published news stories during the week of June 5-11 that highlight experts and/or research from The Council of State Governments. For more information about any of the experts or programs discussed, please contact CSG at (800) 800-1910 and you will be directed to the appropriate staff.  Members of the press should call (859) 244-8246.

States balance budgets with cuts, not taxes
Wednesday, June 15, 2011

As 2011 began, the budget situation in state capitals looked more dire than just about anybody could remember. States were entering their fourth consecutive year of a fiscal crisis, with $82 billion worth of budget gaps to close. At the same time, budget aid from the federal stimulus program was drying up. More...

As Alabama and Tennessee Sign On, SLIMPACT Is One State From Being Official
Friday, June 17, 2011

With the enactment of enabling legislation in Alabama and Tennessee, the Surplus Lines Insurance Multi-State Compliance Compact is one state away from becoming official.

The two states signed on as the eighth and ninth states authorized to join SLIMPACT, a means of providing uniformity in surplus lines regulation and taxation. The National Conference of Insurance Legislators-authored SLIMPACT will come into existence after 10 states, or states representing 40% of the market have joined. More...

Minnesota's budget battle is unique among many states' financial problems
Friday, June 17, 2011

Minnesota's budget shortfall isn't unique. Neither is the intense partisan divide that so far has prevented lawmakers from solving it.
In fact, the state's $5 billion deficit is only a small part of the roughly $80 billion in total budget gaps that state legislators across the country must fill for the next fiscal year — nearly all by the end of June, according to the National Conference of State Legislatures. More...