In the education space, he was perhaps one of President Obama’s fiercest critics.
And now, as Johnny Taylor prepares to step down as president of the Thurgood Marshall College Fund—a position he’s held for the past seven years—he says that Education Secretary Betsy DeVos as well as FCC Chairman Ajit Pai have reached out since the Trump administration took office last November and have been supportive.
Using a multiyear approach to financial management, the University of Massachusetts leveraged its budget forecasts in ways that engaged campus leaders and facilitated understanding of risks, opportunities, and long-term financial health.
The 32nd annual edition of City Fiscal Conditions indicates a slowdown in the municipal finance sector that looks eerily like the conditions in 2006 – before the Great Recession. City Finance Officers are losing confidence as local revenues slow and the post-recession recovery has not been as robust as expected.
For most local governments, the baseline projection will reveal an underlying structural deficit, even if the current year budget is balanced. This is because recurring expenditures, which are largely driven by employee compensation and benefits (often linked closely to healthcare inflation), tend to grow faster than economically sensitive revenues.