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In this current fiscal year — which runs from July 1, 2023 to June 30, 2024 — Kent State reduced its projected spending by $18.4 million, about 3% of the university’s annual budget ...
The budget measure calls for $4.5 trillion in tax cuts and a goal of $2 trillion in spending cuts. It includes more than $100 billion in new spending on immigration enforcement and the military.
The U.S. Bureau of Labor Statistics reported a year ago that “in 2023, Ohio women who were full-time wage and salary workers had median usual weekly earnings of $998, significantly below the ...
Pork-barrel projects, which differ from earmarks, are added to the federal budget by members of the appropriation committees of the United States Congress. This allows the delivery of federal funds to the local district or state of the appropriation committee member, often accommodating major campaign contributors.
The Ohio Fair School Funding Plan and its predecessors from prior legislative sessions are the first major attempts at a large-scale overhaul in Ohio in decades. [ 2 ] Currently, the state’s education funding law is an attempt to “equalize education for all Ohio children, regardless of how rich or poor their community is,” according to ...
In economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. [ 1 ] [ 2 ] [ 3 ] There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower ...
Ohio's budget is a massive document that explains how the state will spend $190 billion over the next two fiscal years. From universal vouchers to working from home: How Ohio's two-year budget ...
Budget sequestration was first authorized by the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA, Title II of Pub. L. 99-177). This is colloquially referred to as the Deficit Control. [2] They provided for automatic spending cuts (called "sequesters") if the deficit exceeded a set of fixed deficit targets.