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Local planning and transportation budgets and projects are likely to feel the brunt of federal legislation and budget cuts.
With the prospect of the federal transportation budget being cut by as much as one-third, Candi Beaudry, City County Planning Director for Billings and Yellowstone County, announced at the last PCC (Policy Coordinating Committee) meeting that the local MPO may go away, as will some of the funding that has been used in the past to build bike trails and to do various community studies and land use planning.
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in 2010, according to new statistics from the U.S. Bureau of Economic Analysis .Durable–goods manufacturing, retail trade, and finance and insurance were leading contributors to the upturn in U.S. economic growth. U.S. real GDP by state grew 2.6 percent in 2010 after declining 2.5 percent in 2009.
Tips on preparedness offered by NFIB
U.S. Immigration and Customs Enforcement has begun notifying 1,000 businesses nationwide it wants to review their I-9 forms and other documents to make sure they are hiring only people authorized to work in the United States. The Form I-9 is used by employers to verify an employee’s identity and legal status.
New SBA mobile application brings enhanced access to information and resources
Smart phone users interested in starting or growing a small business can now find helpful resources at their fingertips via a new SBA mobile application from the U.S. Small Business Administration.
“Increasingly, smart phones are the vehicle through which Americans access information. This is certainly true of many entrepreneurs and small business owners and this new application ensures they will have access to SBA’s resources and programs – literally at their fingertips,” said SBA Administrator Karen G. Mills. “Greater mobility fits with the new user-focused SBA.gov launched recently, and is another example of the steps we are taking to do a better job of connecting entrepreneurs and small business owners with the tools to help them start or grow their businesses and create jobs.”
U.S. state and local governments will need to raise taxes by $1,398 per household every year for the next 30 years if they are to fully fund their pension systems, according to a recently released study.
The study, co-authored by Joshua Rauh of Northwestern University and Robert Novy-Marx of the University of Rochester, both of whom are finance professors, argues that states will have to cut services or raise taxes to make up funding gaps if promises made to municipal employees are to be honored, Reuters reported.
Pension funding in U.S. cities and states has deteriorated in the wake of the 2007-2009 economic recession as investment earnings dropped, and some states, such as New Jersey and Illinois, skipped or reduced required payments.
Hundreds of Patients and Providers Report Problems with the Program
The association representing Montana’s providers of home medical equipment and services supports a new bill in Congress to repeal the Medicare “competitive” bidding program for home medical equipment and services.
The Big Sky Business Journal
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Billings, MT 59103