budget
November 30, 2010
Seattle Times Highlights Importance of Pension Funding Policy
The Seattle Times published an article yesterday that outlined the State Treasurer’s desire to pursue a state constitutional amendment that would require the Legislature, starting in 2015, to invest more money into pension plans up front to help the state avoid ever entering ‘pay-go’ status where pension obligations must be covered from the state general…
November 20, 2010
Additional Near- and Long-Term Cuts Expected as State’s Revenue Forecast Worsens
After the November 18, 2010 release of the state’s November revenue forecast, Vice Provost of Planning and Budgeting Paul Jenny released the following information to UW leadership: As most of you are aware, the November revenue forecast for the state was released yesterday, and it was not good news. The forecast projects a shortfall of…
October 19, 2010
Fall 2010 Submissions to the Office of Financial Management (OFM)
UW administration recently submitted four budget exercises to not only close out the current biennium (2009-11), but also to plan for the coming biennium (2011-13). Each submission was required by OFM. Information to make final adjustments to the current, 2009-11 biennium: Before the Legislature starts the process of creating an operating budget for the next…
October 8, 2010
Increasing Support for Higher Ed not a Taxpayer Priority
The Pew Center on the States teamed up with the Public Policy Institute of California to assess taxpayer attitudes toward state government, budget cuts, and funding priorities during the Great Recession. The survey was conducted in five states– Arizona, California, Florida, Illinois and New York– , which, together, comprise 1/3rd of the nation’s population, 1/3rd…
October 7, 2010
CA to Vote on Budget that would Restore Some UC Funding
The California State Legislature is set to vote on the budget for FY10-11 (current fiscal year) today; 99 days after the start of the fiscal year. Based on negotiations among the gang of five (governor and majority and minority leaders from senate and assembly) the budget should pass. The starting problem for California was a…
September 23, 2010
State Budget Deficits Continue To Grow Across US
As the UW works to address the recent 6.3% across the board state budget reduction for Fiscal Year 2011 ($17.1 million for the UW) ordered by Governor Gregoire last week, other states across the country also continue to struggle with growing state budget deficits. While the recession may have technically ended in June 2009, the…
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