Dozens of Scranton School District Layoffs Due to Budget Cuts Scranton School District layoffs are pegged to hit 89 following a heated budget meeting. The meeting involved yelling and insults as the district struggled to find a way to balance its budget, with the ultimate result being the near-100 layoffs if the current budget plan (more…)
All-Girls Catholic School to Close After 68 Years in June 2018 Schools across the state of Michigan are potentially on the chopping block for closure, with the Ladywood High School closing being another addition to the growing trend. The all-girls Catholic school has shuttered, resulting in a Livonia school closing as the region deals with (more…)
U.S. student loan debt has skyrocketed to $1.3 billion, equaling the U.S. junk bond market. U.S. student loan debt is one of the riskier types of debt, with higher levels of delinquency. Beyond that, the massive amounts of debt that the country’s college grads accrue by the end of their studies is preventing them from (more…)
The Muskegon County Board of Commissioners has approved a large number of budget cuts. County officials need to deal with a financial crisis, and one way to do so is by cutting $2.9 million from the fiscal 2018 budget (starting July 1, 2017). The cost-saving measures include reducing the budgets at the county’s Child Care (more…)
Board President Toni Preckwinkle at Center of Budget and Soda Tax Debates A battle has been brewing in Illinois over the Cook County sweetened beverage tax, commonly known as the soda tax. The delay of the planned tax has led to Cook County layoffs as the local government struggles to balance its budget.
AnMed Health announced on Wednesday that as many as 94 full-time and part-time workers were laid off, with another 65 vacant positions being eliminated. The AnMed layoffs represent what experts believe will be a growing trend as political uncertainty regarding healthcare policy in the U.S. will likely lead to more healthcare layoffs.
Trump Tweets Repeal Plans as ACA Enrollments 2018 Open President Donald Trump is once again going after the Affordable Care Act (ACA), or “Obamacare,” to repeal part of it, if not all. The President urged Republicans in a tweet on Thursday morning to consider repealing the “individual mandate” in the Affordable Care Act. The tweet comes (more…)
Connecticut Budget Passed But Small Towns Left Reeling The Connecticut budget has finally been passed but many of the state’s small towns are not so happy. The risk of budget cuts is still looming large as state capital Hartford and other big cities stand ahead of these small towns to claim bigger shares in the state budget. (more…)
Republican Budget to Increase U.S. Budget Deficit Senate Republicans may have finally found a consensus on something. After failing to unite on the Obamacare repeal bill, they have finally reached an agreement on the fiscal budget. Republicans have agreed that the Republican budget will add to the U.S. budget deficit to help pay for President Trump’s tax plan. The (more…)
On the campaign trail, Trump promised to lower premiums. That isn’t happening. The number of Americans lacking healthcare is on the rise again. The U.S. uninsured rate inched up to 12.3% in the third quarter, the first rise in the uninsured rate since the Affordable Care Act (“Obamacare”) took effect in 2014. Rising premiums and (more…)