Page 2 - Structural Deficit News Today

The university announced it will lay off 9 staff members to address an ongoing structural deficit. Top administration will also take a furlough.

The idea comes on the heels of another campus, UW-Oshkosh, announcing layoffs and furloughs this school year.

CityWatch is published 24/7 with special e-news blasts on Monday and Thursday evening, with Extras as appropriate around special events such as elections or imp

CityWatch is published 24/7 with special e-news blasts on Monday and Thursday evening, with Extras as appropriate around special events such as elections or important issues. Share it with your Neighborhood Council and other activists.

Just a few months back, the number crunchers had pencilled in a shortfall of $32 billion for the nation's finances. Suddenly, that's magically transformed into a $4.2 billion surplus, writes Ian Verrender.

The warning shots fired by the IMF and BIS should be a wake-up call to global leaders to get public debt under control.

This paper attempts to explain three broad trends that underpinned the relationship between the state, market, and healthcare: first, the state is moving away from its health provider role to a regulator role, which involves shifting the resources, authority, and responsibility to diverse public and private actors. Second, in the name of the pandemic, the state has opened up

LA WATCHDOG--Despite the infusion of $1.35 billion from the Federal government, the City of Los Angeles still has a Structural Deficit that it is unwilling to attack.     According the Four Year Budget Outlook, the City is projecting a budget surplus of $309 million for the 2025-26 fiscal year.  But when this projection is adjusted for increases from new labor agreements with the police, firefighters, and civilian employees (an estimated $220 million) and lower revenues based on more reali...

LA WATCHDOG--Mayor Eric Garcetti is “ecstatic” that the City of Los Angeles is expected to receive $1.35 billion from Washington under the $1.9 trillion American Rescue Plan.  The members of the City Council are also happy campers because they will not have to rely on layoffs to balance the budget.  But in reality, there is very little, if anything, left over for pet projects and new initiatives after the City allocates this windfall in a fiscally prudent manner.  The  first order of bu...

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