Gov. Shumlin’s budget cuts approved — but will they last?

By   /  August 14, 2014  /  Budget and Spending, News, State Budgets, Vermont  /  No Comments

LESS INCREASED SPENDING:  Finance and Management Commissioner Jim Reardon praised the Joint Fiscal Committee for approving Gov. Peter Shumlin's budget rescission plan.

A legislative committee on Wednesday approved most of the Shumlin administration’s proposed $31 million in cuts to the annual budget, but lawmakers suggested the cuts may be temporary.

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Vermont’s revenues fall short to start new fiscal year

By   /  August 8, 2014  /  Budget and Spending, News, State Budgets, Vermont  /  No Comments

Jeb Spaulding (feature image crop) Secretary of Administration – Vermont

Vermont’s monthly revenues fell almost 1.8 percent short of targets in July, marking the third time in four months that revenues have failed to meet projections.

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When it comes to class sizes, Philadelphia School District’s numbers don’t add up

By   /  July 28, 2014  /  Education, Issues, News, Pennsylvania, State Budgets, State Government  /  No Comments

Japanese_high_school_classroom

Philadelphia school and city officials say the district will be forced to lay-off teachers and possibly grow class sizes as large as 40 when students return in September, unless the state and city provide additional funding.

But the district’s numbers don’t seem to add up.

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Vermont forced to make surprise budget cuts after revenue downgrade

By   /  July 25, 2014  /  Economy, News, State Budgets, Vermont  /  No Comments

REVENUES GOING DOWN: Gov. Peter Shumlin announced his administration would recommend 4 percent cuts in spending after economists downgraded the state's revenue forecast for fiscal 2015.

Gov. Peter Shumlin and Secretary of Administration Jeb Spaulding on Thursday said they have begun recommending emergency cuts to Vermont’s 2015 budget after sagging fiscal year 2014 revenue forced a downgrade in the state’s financial outlook.

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Former VT deputy secretary of administration: State’s economy ‘stagnant’

By   /  July 14, 2014  /  News, State Budgets, Taxes, Vermont  /  No Comments

CONFLICTING VIEWS: Secretary of Administration Jeb Spaulding (left) and former Deputy Secretary Tom Pelham (right) don't see eye-to-eye on Vermont's economic outlook.

While leaders of the Gov. Peter Shumlin administration continue to talk of economic recovery, Vermont’s former deputy secretary of administration says 2014 annual revenue shows the state’s economy has become “stagnant.”

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Senate backs higher cigarette tax to pay for Philly schools

By   /  July 1, 2014  /  Budget and Spending, Issues, News, Pennsylvania, State Budgets, State Government, Taxes, WatchBlog  /  No Comments

CIGARETTE TAX: The Philadelphia School District says it needs revenue from a new tax on cigarettes, or schools won't open in September. It's unclear whether they will get what they seek.

By Eric Boehm | PA Independent
Smokers in Philadelphia soon could be paying extra taxes to support the city’s schools.
The state Senate on Monday approved an amendment that would allow the City Council to impose a $2 per-pack tax on cigarettes to generate an estimated $83 million for the cash-strapped School District of Philadelphia. School district [...]

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