WA business taxes are 5.5 percent of private GSP; 14th highest in nation
The Council on State Taxation today released its new report on state and local business taxes. We watch for the annual updates of this comprehensive report, conducted for COST by Ernst and Young. While there’s a lot of good information in the report, we turn to Table 4, which reports state and local business taxes […]
July 19 , 2012 - Emily Makings
More from the State Budget Crisis Task Force Report
On Tuesday, Dick linked to the State Budget Crisis Task Force report. As he noted, the report shows how states face structural budget problems that were only exacerbated by the recession. The report’s “major threats to fiscal sustainability” include Medicaid, underfunded pension promises, and state budget practices — topics that we’ve written about often. Although […]
July 18 , 2012 - Emily Makings
Govistics on Taxes in Gold Bar
Our friends at the Center for Governmental Research in New York have a very handy product that helps users find and compare public finance data for U.S. states, counties, towns, school districts, etc: Govistics. In a blog post today, they link to a story about Gold Bar's decision to ask voters to agree to a […]
July 17 , 2012 - Richard S. Davis
State budget sustainability and Medicaid … hard times (still) ahead
A new report from the State Budget Crisis Task Force, headed by Richard Ravitch and Paul Volcker, points to deep sustainability problems for state governments long after the economy recovers (may that day come swiftly). From the Wall Street Journal: Rising pension and health-care costs are hampering states’ efforts to improve infrastructure and provide college […]
July 17 , 2012 - Richard S. Davis
Good news: more online education coming to UW
Today’s Seattle Times report that the University of Washington has signed on with Coursera to offer online education represents good news and a welcome extension of a model designed to expand access to higher education. Coursera is “a huge experiment that is transforming the face of higher education,” said Daphne Koller, a Stanford University computer-science […]
July 16 , 2012 - Richard S. Davis
Governors, economists tally the costs of Medicaid expansion under ACA
The New York Times reports today that the nation’s governors, meeting in Williamsburg, VA, are taking a cautious approach to the Medicaid expansion baked into the Affordable Care Act, but rendered voluntary by the U.S. Supreme Court. The initial reaction to the court’s ruling split along party lines. More than half a dozen Republican governors […]
July 11 , 2012 - Richard S. Davis
New business climate ranking out: CNBC places Washington No. 21
Washington finishes the “best business climate” race in 21st place, according to a new report by CNBC. Texas comes in first, followed by Utah and Virginia. The full rankings are here. Our state does relatively well on the CNBC metrics for access to capital (3) and technology and innovation (5). We do not do so […]
July 11 , 2012 - Richard S. Davis
WWU collective bargaining agreement and 16 percent tuition hike
Gov. Gregoire recently wrote Western Washington University president Bruce Shephard expressing grave concern with the school’s faculty collective bargaining agreement. Here’s the Seattle Times’ summary and context: …the governor criticized the university’s decision to raise salaries 5.25 percent this school year and 4.25 percent each of the following two years in addition to boosting department-chair […]
July 11 , 2012 - Kriss Sjoblom
Monthly state revenue collections beat forecast by $66.5 million
The Economic and Revenue Forecast Council’s monthly Economic & Revenue Update is out today, and the results were quite good for a change. For the June 11 to July 10 month, general fund–state revenue collections were $66.5 million greater than the forecast, which was revised just 3 weeks ago. The economic outlook remains clouded, however, […]
July 05 , 2012 - Emily Makings
The Economist on Charter Schools
Next week’s Economist magazine has an article on charter schools. The article is published online just before signatures are due for the public charter school initiative in Washington (I-1240). Dick has written on the initiative and charter schools here, here, and here. As Dick mentioned, state Rep. Eric Pettigrew has said, Forty-one other states have […]