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Daniels Calls For Cuts In School Funding
21 hours ago ago from 89.3 WFPL
Citing the state's slipping revenues, Indiana Governor Mitch Daniels says further budget cuts will be needed to offset the shortfall, and has ordered reductions of at least $300 million for public schools over the next 18 months. A new revenue forecast released Tuesday predicts the state will take in $1.8 billion less during the current two-year budget cycle than what was projected in May. Daniels says the news calls for further ...
Related contentSchool districts likely to see state funding cut
1 day ago ago from Policy Pulse - brought to you by the Show-Me Institute
By Andrew Guevara For the Show-Me Institute COLUMBIA — On Monday night, Sen. Kurt Schaefer (R-Columbia) told the Columbia Board of Education that more cuts to the state budget seemed certain, and that the steep decline in state tax revenues would likely affect funding for public schools. “I don’t know the public really has a full understanding of how difficult of a budget situation we’re in,” he said. According to Schaefer, ...
Related contentBad news first: new forecasting formula yields reality
19 hours ago ago from Frugal Hoosiers
The State Budget Committee met this afternoon and released a sobering forecast of state revenue projects through the biennium. For the past 14 months actual state tax revenue has fallen short of projections, prompting Governor Mitch Daniels to request that the budget committee apply an updated formula that would hopefully reflect reality. It did, and the reality is that we the state will have far less money than the special session budget ...
Related contentMTA Budget Woes Continue
22 hours ago ago from Regional Plan Association
The Metropolitan Transportation Authority faces an estimated $383 million reduction in its proposed 2010 budget due state budget cuts, unexpected shortfalls in dedicated tax revenues and a ruling on postponing labor agreements. This perfect storm places the MTA in the difficult position of cutting service, just a few short months after an Albany effort to stave off cuts. Read RPA's full statement , delivered by RPA's Neysa Pranger at ...
Related contentState budget situation continues to deteriorate
8 hours ago ago from News Carson City
(Click image to play video) Dark and ominous budgetary clouds have settled over the Governor's Office in downtown Carson City. Faced with the continued decline of state revenues, Governor Gibbons is proposing another 10% cut in the state budget. He's also suggesting that instead of layoffs, most state employees could be cut back to a four day work week. Posted in Uncategorized | No Comments
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Okla. state leaders order 10 percent budget cuts
3 hours ago ago from U.S. News
Okla. state leaders order 10 percent budget cuts OKLAHOMA CITY (AP) -- Oklahoma officials ordered budget cuts of 10 percent across state government on Tuesday, after revenue collections on a downward spiral fell short of projections for an eleventh consecutive month. So far in the fiscal year that began July 1, revenue collections are $717 million below the prior year's level - a drop of more than 28 percent. State Treasurer Scott Meacham ...
Related contentInching Toward the Creation of a Debt Commission - Washington Wire - WSJ
1 hour, 57 minutes ago ago from Wall Street Journal
By Jonathan Weisman Last month, The Wall Street Journal reported that the White House was considering a bipartisan commission to tackle a budget deficit that reached $1.4 trillion in fiscal 2009 and is not likely to budge much this fiscal year. Well, now comes the document to prove it, and the arguments you will hear when the proposal comes out, in the run-up to next months State of the Union address, according to sources familiar with ...
Related contentFuture of Solar Power in India: Cloudy
20 hours ago ago from Wall Street Journal
AWAN, India -- Getting money to build India's largest private solar-power plant was easy compared with getting the required 152 signatures from local bureaucrats in the state of Punjab, says eco-entrepreneur Inderpreet Wadhwa. Making a profit on the project could prove to be even tougher. View Full Image Olivier Culmann/Tendance Floue for The Wall Street Journal Inderpreet Wadhwa, center, meets with residents of ...
Related contentSouth Carolina board cutting state budget by 5 pct
21 hours ago ago from U.S. News
South Carolina board cutting state budget by 5 pct COLUMBIA, S.C. (AP) -- South Carolina's high unemployment and slow tax collections are likely to put more people out of work or cut paychecks as the state's budget oversight board decided Tuesday to cut 5 percent from state budgets to keep the state's $5 billion spending plan balanced. The $238.2 million reduction ordered by the Budget and Control Board means across-the-board spending cuts, ...
Related contentIowa Students Feel the Pinch from University Budget Cuts
20 hours ago ago from Politics Daily
Holiday shopping just got more more difficult for Iowa college students this year. Thanks to state funding cutbacks, many students will be spending a little less on gifts and a little more on tuition. Iowa Gov. Chet Culver approved a $522 million budget cut on Oct. 28, erasing 10 percent of funds from each of Iowa's 28 state departments. Well over half the cuts -- $332 million -- came out of educational funding, which covers everything from ...
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