Out of dozens of lines showing millions of dollars for Missouri’s supplemental budget, one sticks out in House Bill 3014.
There are 25 lines, each representing a department or office in Missouri government, requesting a 5.5% cost of living adjustment for all state employees. Gov. Mike Parson announced the increases and a base pay of $15 per hour in December. Read More
This week’s Golden Horseshoe Award goes to the U.S. Department of Education for approving pandemic relief spending plans by school districts that include millions for upgrading athletic facilities, installing security cameras, purchasing floor shiners and other non-pandemic related projects.
Approximately $190 billion in pandemic funding under both the Trump and Biden administrations was allocated to schools to safely reopen and protect teachers and students. Read More
Michigan budget officials Friday reached a consensus on revised economic and revenue figures for fiscal years 2021, 2022 and 2023.
The state general fund and school aid revenues will total $26.5 billion for the current budget year, exceeding January estimates by $2.2 billion. For the new budget cycle beginning Oct. 1, the agency projected revenues will total $26.6 billion, $1.3 billion more than January predictions.
A majority of that unexpected cash is a byproduct of billions of spending via stimulus checks and boosted unemployment benefits, which led to a spike in personal spending and increased state tax revenues by billions more than previously forecast. Read More