State Funding for K-12 Schools Still Hasn't Recovered from the Recession
States are still providing less per-pupil funding for schools from kindergarten to 12th grade than they did before the 2008 financial crisis, a report by the Center on Budget and Policy Priorities found Thursday.
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More city finance officers reported improved fiscal conditions in fiscal 2014 than in the 29-year history of the National League of Cities' city fiscal conditions survey. However, the cities are still not fully recovered from the economic recession, the NLC said in its report on the survey. more »
State debt issuance has been below average and is likely to remain restrained in the near future despite the fact that infrastructure needs are large, Standard and Poor's said in a report released Monday. more »
Standard & Poor's upgraded a greater percentage of local government credits than it predicted it would, on a quantitative basis, when it applied new criteria to those ratings over the past year, the rating agency said in a report. more »
States are having trouble forecasting tax revenue largely because of increasing volatility in their revenues, according to a report released by the Nelson A. Rockefeller Institute of Government on Tuesday. more »
The bank liquidity rule is more likely to drive up the costs of investments than infrastructure development for state and local governments, according to a Wells Fargo Securities research report. more »
The Government Finance Officers Association has adopted best practices to help issuers hire brokers to invest their bond proceeds under the municipal advisor rule, and to improve the valuation of pension plans. more »
John Provenzano, former government relations director for Delta Air Lines in Washington D.C., was announced on Tuesday as new executive director for The National Association of State Treasurers. more »
President Obama on Friday signed a continuing resolution that allows government programs and services to be funded until Dec. 11. more »
Eight states with the greatest percentage of tax filers who claimed a deduction for sales taxes in the 2012 tax year would likely be most affected, if Congress fails to extend the deduction, according to an analysis by The Pew Charitable Trusts. more »
The Securities and Exchange Commission will probably use emergency court action to stop state and local governments from selling municipal bonds if it thinks their offerings are fraudulent, an enforcement division official told bond lawyers meeting here. more »
Personal income tax collections declined significantly in many states during the second quarter of this year, according to preliminary data in a report released by the Nelson A. Rockefeller Institute of Government on Wednesday. more »
Moments after Janney Capital Markets cited "cracks" in the foundation of state credit quality nationwide, Pennsylvania said it would have to loan money to itself to keep running. more »
The chairman of the House Appropriations Committee has introduced legislation that would continue funding government programs and services until Dec. 11, preventing a federal government shutdown before the midterm elections. more »

Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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