Issue brief highlights three key factors that make the current financing system for higher education unsustainable.
Members on the Education and Workforce Committee are conducting an investigation on the impact of the U.S. Department of Education’s decision to issue waivers to state from certain requirements of the 2001 reauthorization of the Elementary and Secondary Education Act (ESEA), also known as the No Child Left Behind (NCLB) Act. To date, 34 states plus the District of Columbia have received ESEA waivers, and a number of additional states currently have waiver requests pending review. Rep. John Kline (R-MN), Chairman of the House Committee, and Rep.
Pension Funding Task Force 2013
National Association of State Retirement Administrators
State and local pension systems have received significant attention in the last few years. Changes to state pension systems have been taking place in response to the increased attention and concerns. This brief examines a number of pension issues from a budgetary perspective. A budgetary perspective considers long term pension funding adequacy, and the financial cost of promised benefits in relation to the rest of current state spending.
The state and local government bond markets have held up well throughout the year despite a few high profile municipal defaults or bankruptcies by local governments. The forecasts from some commentators in 2010 and earlier this year predicting a municipal bond crisis have not come to fruition, and a collapse of the municipal debt markets is not likely to arise anytime soon. Certainly states and localities will continue to encounter fiscal strain, but potential defaults or bankruptcies are so few and far between that they are the “exceptions” that prove the “rule”.
Government Accountability Office
George Washington University
Retail Sales Rise Noticeably in September
On October 14, the Census Bureau announced that retail and food services sales for September were $395.5 billion, an increase of 1.1 percent from August and 7.9 percent above September 2010. Total sales for the July through September 2011 period were up 8.0 percent from the same period a year ago. Additionally, the July to August 2011 percent change was revised from upward from no change to 0.3 percent increase.
Link: News Release