Kaiser Commission on Medicaid and the Uninsured
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.
This National Association of State Budget Officers (NASBO) report, supported by a grant from the John D. and Catherine T. MacArthur Foundation, highlights and discusses lessons learned by budget officers during the recent recession. States turned to a variety of actions to stabilize state budgets in this challenging and uncertain fiscal environment.
NASBO is pleased to release a report, supported by a grant from the John D. and Catherine T. MacArthur Foundation, that highlights and discusses lessons learned by budget officers during the recent recession. States turned to a variety of actions to stabilize state budgets in this challenging and uncertain fiscal environment.
Institute on Taxation and Economic Policy
Issue brief highlights three key factors that make the current financing system for higher education unsustainable.
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”.