http://www.10tv.com/live/content/onnnews/stories/2010/11/11/story-budget-shortfall.html
Ohio why are you worried?
Band together and demand that the Investment Banks give back all those recording fees your rightfully owed.
People it's time to stop being stupid here.
The Banks don't have a legal leg to stand on, take back whats rightfully yours and you have no deficit!
Common sense "People"
This advise goes for every state in the Nation!
They owe you!
If you don't get it it's only because your Attorney General fucked you over.
So make sure it does not happen by giving them a little call.
The cuts are coming to Ohio when the state faces a budget shortfall next year.
Everything from Medicaid to education will feel the cuts and Ohio's two top lawmakers admit it won't be pretty, ONN's Jim Heath reported on Thursday.
"Buckle your seat belts because it won't be done quickly," said incoming House Speaker, Rep. William Batchelder (R-Medina). "It's not something you can do without pain."
"Yes, there will be people uncomfortable with some of the cuts, but that's part of the process of deciding," said Sen. Tim Niehaus.
Ohio's budget is around $50 billion and the state faces a shortfall of up to $8 billion.
The federal government likely won't send anymore stimulus money to Ohio and Republicans have vowed no tax increases.
"I think the education community is nervous about what's going to happen," said Damon Asbury from the Ohio School Board Association.
Showing posts with label State budget deficits. Show all posts
Showing posts with label State budget deficits. Show all posts
Friday, November 12, 2010
Tuesday, August 25, 2009
RI gov to shut down state government for 12 days
http://apnews.myway.com/article/20090825/D9A9IKMG1.html
One would think that the state employees union would be greatful to at least still have a job, but the age of entitlement is still to far entrenched in their minds for them to understand that compromise must be made, lest they have no jobs left to go to at all.
Rhode Island will shut down its state government for 12 days and hopes to trim millions of dollars in funding for local governments under a plan Gov. Don Carcieri outlined Monday to balance a budget hammered by surging unemployment and plummeting tax revenue.
The shutdown will force 81 percent of the roughly 13,550-member state work force, excluding its college system, to stay home a dozen days without pay before the start of the new fiscal year in July.
The closures come as the worst recession in decades has eliminated hundreds of millions of dollars in tax collections and pushed unemployment to 12.7 percent, the second-highest jobless rate in the nation behind Michigan.
Carcieri predicted the state's fiscal future could grow even bleaker.
"There are going to be inconveniences for the public, and there are going to be sacrifices, as I said, for state employees," Carcieri said at a Statehouse news conference. "These steps right now are unavoidable if the state is to live within its budget, live within its means."
The governor ordered the shutdown in an executive order but said he's willing to negotiate a different deal with state employee unions so long as it saves the same amount of money, roughly $22 million. But time is short: the first shutdown day has been scheduled for Sept. 4. Additional shutdown days have been scheduled every month through June.
Critical workers such as state police, prison guards and child abuse investigators still will report to work during the shutdown, Carcieri said. He ruled out raising taxes to balance the budget and said the state cannot lay off more workers since it deeply trimmed its work force last year.
At least 19 other state governments have proposed furloughing w
One would think that the state employees union would be greatful to at least still have a job, but the age of entitlement is still to far entrenched in their minds for them to understand that compromise must be made, lest they have no jobs left to go to at all.
Rhode Island will shut down its state government for 12 days and hopes to trim millions of dollars in funding for local governments under a plan Gov. Don Carcieri outlined Monday to balance a budget hammered by surging unemployment and plummeting tax revenue.
The shutdown will force 81 percent of the roughly 13,550-member state work force, excluding its college system, to stay home a dozen days without pay before the start of the new fiscal year in July.
The closures come as the worst recession in decades has eliminated hundreds of millions of dollars in tax collections and pushed unemployment to 12.7 percent, the second-highest jobless rate in the nation behind Michigan.
Carcieri predicted the state's fiscal future could grow even bleaker.
"There are going to be inconveniences for the public, and there are going to be sacrifices, as I said, for state employees," Carcieri said at a Statehouse news conference. "These steps right now are unavoidable if the state is to live within its budget, live within its means."
The governor ordered the shutdown in an executive order but said he's willing to negotiate a different deal with state employee unions so long as it saves the same amount of money, roughly $22 million. But time is short: the first shutdown day has been scheduled for Sept. 4. Additional shutdown days have been scheduled every month through June.
Critical workers such as state police, prison guards and child abuse investigators still will report to work during the shutdown, Carcieri said. He ruled out raising taxes to balance the budget and said the state cannot lay off more workers since it deeply trimmed its work force last year.
At least 19 other state governments have proposed furloughing w
Wednesday, July 29, 2009
Desperate state may sell Capitol buildings, others
http://www.azcentral.com/news/electi...ssets0729.html
Who's your daddy
Call it a sign of desperate times: Legislators are considering selling the House and Senate buildings where they've conducted state business for more than 50 years.
Dozens of other state properties also may be sold as the state government faces its worst financial crisis
in a generation, if not ever. The plan isn't to liquidate state assets, though.
Instead, officials hope to sell the properties and then lease them back over several years before assuming ownership again. The complex financial transaction would allow government services to continue without interruption while giving the state a fast infusion of as much as $735 million, according to Capitol projections.
For investors, the arrangement means long-term lease payments from a stable source.
Once any deals are approved, money could begin flowing into state coffers in as little as 90 days.
The plan has bipartisan backing, but that doesn't make the prospect of paying rent for buildings once owned free and clear by taxpayers any easier to swallow.
"We've mortgaged the legislative halls," said an exasperated state Rep. Steve Yarbrough, a Chandler Republican. "That
Who's your daddy
Call it a sign of desperate times: Legislators are considering selling the House and Senate buildings where they've conducted state business for more than 50 years.
Dozens of other state properties also may be sold as the state government faces its worst financial crisis
in a generation, if not ever. The plan isn't to liquidate state assets, though.
Instead, officials hope to sell the properties and then lease them back over several years before assuming ownership again. The complex financial transaction would allow government services to continue without interruption while giving the state a fast infusion of as much as $735 million, according to Capitol projections.
For investors, the arrangement means long-term lease payments from a stable source.
Once any deals are approved, money could begin flowing into state coffers in as little as 90 days.
The plan has bipartisan backing, but that doesn't make the prospect of paying rent for buildings once owned free and clear by taxpayers any easier to swallow.
"We've mortgaged the legislative halls," said an exasperated state Rep. Steve Yarbrough, a Chandler Republican. "That
Saturday, July 4, 2009
R.I.P.: Budget Woes Spell Doom for Roadside Rest Stops
http://online.wsj.com/article/SB124656938899088487.html
As millions of Americans take to the road for the holiday weekend, a humble highway fixture is under attack.
Later this month, cash-strapped Virginia plans to barricade entrances and switch off the plumbing and electricity at nearly half its highway rest areas. Other states also are lowering budgetary axes on the public pit stops that have lined the interstate highway system since its creation in 1956.
But rest stops aren't going quietly.
.Truckers, blind merchants and a dogged historian are fighting to preserve them. If the battle is lost, every long-distance motorist will need "a strong rear end and a strong bladder" to hit the road, warns John Townsend, an official with the American Automobile Association in Washington.
There are about 2,500 rest areas along the interstates. State governments build and maintain them. Most have remained steadfastly utilitarian: a parking lot, a simple building with toilets, a few picnic benches, and maybe some vending machines. Because many of the interstates bypassed cities and towns, travelers often had no other options when they needed to pull off the road.
But over the years, big clusters of gas stations, fast-food outlets and motels have sprung
As millions of Americans take to the road for the holiday weekend, a humble highway fixture is under attack.
Later this month, cash-strapped Virginia plans to barricade entrances and switch off the plumbing and electricity at nearly half its highway rest areas. Other states also are lowering budgetary axes on the public pit stops that have lined the interstate highway system since its creation in 1956.
But rest stops aren't going quietly.
.Truckers, blind merchants and a dogged historian are fighting to preserve them. If the battle is lost, every long-distance motorist will need "a strong rear end and a strong bladder" to hit the road, warns John Townsend, an official with the American Automobile Association in Washington.
There are about 2,500 rest areas along the interstates. State governments build and maintain them. Most have remained steadfastly utilitarian: a parking lot, a simple building with toilets, a few picnic benches, and maybe some vending machines. Because many of the interstates bypassed cities and towns, travelers often had no other options when they needed to pull off the road.
But over the years, big clusters of gas stations, fast-food outlets and motels have sprung
Friday, June 26, 2009
Mounting Jobless Claims Force States To Borrow Funds
http://www.cnbc.com/id/31565441
Fifteen states have depleted their unemployment insurance funds so far, forcing them to borrow from the U.S. Treasury.
A record 30 of the country's 50 states are expected to have to borrow up to $17 billion by next year, said Rick McHugh of the National Employment Law Project, a nonpartisan advocacy group.
"We are setting the stage for big pressures for states to restrict eligibility and benefit levels," McHugh said. "Those type of restrictive actions undercut the (Depression-era program's) economic and social stability purposes."
The state-run unemployment insurance programs are normally financed with payroll taxes paid by employers on each worker. But the funds' tax revenues are falling at the same time as benefit demands are rising.
Nine million Americans are receiving jobless benefits, triple the number who got checks at the beginning of the year. Experts predict the number of recipients will peak sometime this summer as long-term unemployed run out of benefits, which were recently extended and last for 59 weeks in most cases.
Fifteen states have depleted their unemployment insurance funds so far, forcing them to borrow from the U.S. Treasury.
A record 30 of the country's 50 states are expected to have to borrow up to $17 billion by next year, said Rick McHugh of the National Employment Law Project, a nonpartisan advocacy group.
"We are setting the stage for big pressures for states to restrict eligibility and benefit levels," McHugh said. "Those type of restrictive actions undercut the (Depression-era program's) economic and social stability purposes."
The state-run unemployment insurance programs are normally financed with payroll taxes paid by employers on each worker. But the funds' tax revenues are falling at the same time as benefit demands are rising.
Nine million Americans are receiving jobless benefits, triple the number who got checks at the beginning of the year. Experts predict the number of recipients will peak sometime this summer as long-term unemployed run out of benefits, which were recently extended and last for 59 weeks in most cases.
Friday, May 22, 2009
California welfare elimination
http://latimesblogs.latimes.com/lanow/2009/05/schwarzenegger-make-massive-cuts-to-welfare-health-care-student-aid-.html
This is just not a California phenomina, soon it will happen in every state.
Then what will people do? FEMA camps is the answer.
Gov. Arnold Schwarzenegger is proposing to completely eliminate the state’s welfare program for families, medical insurance for low-income children and Cal Grants cash assistance to college and university students.
The proposals to sharply scale back the assistance that California provides to its neediest residents came in testimony by the administration this afternoon at a joint legislative budget committee hearing. It followed comments by the governor earlier today that he would be withdrawing a proposal to help balance the budget with billions of dollars of borrowing and replacing it with program reductions.
The proposals would completely reshape the state’s social service network, transforming California from one of the country’s most generous states to one of the most tightfisted. The proposals are intended to help close a budget deficit estimated at $21.3 billion.
This is just not a California phenomina, soon it will happen in every state.
Then what will people do? FEMA camps is the answer.
Gov. Arnold Schwarzenegger is proposing to completely eliminate the state’s welfare program for families, medical insurance for low-income children and Cal Grants cash assistance to college and university students.
The proposals to sharply scale back the assistance that California provides to its neediest residents came in testimony by the administration this afternoon at a joint legislative budget committee hearing. It followed comments by the governor earlier today that he would be withdrawing a proposal to help balance the budget with billions of dollars of borrowing and replacing it with program reductions.
The proposals would completely reshape the state’s social service network, transforming California from one of the country’s most generous states to one of the most tightfisted. The proposals are intended to help close a budget deficit estimated at $21.3 billion.
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