policy

policy

Federal Funds Vital for States’ Transportation and Capital Projects

July 29, 2014

As discussed in NASBO’s Monday Washington Report, the U.S. Senate is preparing to vote on a short-term fix for the federal Highway Trust Fund (HTF). The full Senate is expected to vote on House-passed legislation that would transfer $10.8 billion into the HTF from the U.S. Treasury’s general fund, which is expected to provide sufficient funding for programs through May 31, 2015; the Senate is also expected to consider several amendments during debate.

The Economic Recovery and the Remaining Long-Term Unemployment Problem

January 15, 2014

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.

Prison Population and Spending Increases Have Some States Seeking Cost-Cutting Reforms

September 13, 2013

Did you know that state governments are responsible for overseeing the vast majority of the nation’s prison population?  Prisoners under state jurisdiction accounted for 86.1 percent of the total U.S. prison population in calendar year 2012. State spending for corrections reached $52.4 billion in fiscal 2012 and has risen above 7.0 percent of general fund expenditures every year since fiscal 2008.