Report delivers state-by-state comparative information on a range of capital budgeting concepts, practices, processes, and policies.
State budgets are expected to continue their trend of moderate growth in fiscal 2015 according to governors’ spending proposals. Consistent year-over-year growth has helped states achieve relative budget stability, but progress remains slow for many states. With each passing year of slow improvement, more and more states are moving beyond recession induced declines and returning to spending and revenue growth. According to executive budgets, general fund spending is projected to increase by 2.9 percent in fiscal 2015.
Initial unemployment claims were 329,000 for the week ending April 19, according to a report released on April 24 by the Department of Labor. The seasonally adjusted claims increased 24,000 from the prior week. In addition, the four-week moving average rose 4,750 to 316,750.
Below are some of the key trends and themes discussed at recent major higher education meetings held by the American Council on Education and the Association of Governing Boards among others. This issue is particularly salient as many legislatures deal with higher education budgetary issues this month and many high school seniors receive their college acceptances (or sadly, rejections…).
As of February 18th, governors in 41 states have given a State of the State address and their speeches have included a wide-range of spending and revenue proposals.
Center for Health Care Strategies, Inc.
As of February 4, the vast majority of governors have released budget proposals for the upcoming fiscal year. In addition, 17 states previously enacted two-year budgets covering both fiscal 2014 and 2015.
State and Local Finance Initiative
Grapevine: An Annual Compilation of Date on State Fiscal Support for Higher Education, Fiscal Year 2013-14
Center for the Study of Education Policy, Illinois State University
Despite economic growth over the past 12 months and declines in the unemployment rate, the share of the American population with jobs did not change in 2013 according to a New York Times analysis of the recent Bureau of Labor Statistics (BLS) data. The economy added about 182,000 jobs a month in 2013, or enough to keep pace with growth in the overall population.