Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, March 12, 2009

Iowa House approves expanded unemployment benefits

Iowa House approves expanded unemployment benefits, sends measure to governor

DES MOINES, Iowa (AP) -- The Iowa House gave final legislative approval Thursday to a measure doubling the length of unemployment benefits for jobless workers enrolled in training programs.
The House sent the measure allowing an extra 26 weeks of payments to Gov. Chet Culver on an 82-13 vote.
"We have to do something to make sure people are trained," said Rep. Wayne Ford, D-Des Moines, the main backer of the measure. "We have more unemployed than ever before and this is the way we can show the world we are going to take care of our people."

Culver has been supportive of the expansion but hasn't commented on the specific plan that moved through the Legislature.
The move will make Iowa eligible for $71 million in federal stimulus money. The federal package sets aside additional money for the states to pay unemployment benefits, but only if they agree to expand those benefits for three years.
In addition to extended benefits for workers in training programs, the Iowa measure offers benefits for some part-time workers and makes it clear that businesses won't be charged when they dismiss workers who were hired to replace someone who was deployed in the National Guard or Reserve.
Under the state's unemployment system, businesses are taxed based on their employment history, and some worried that hiring and then laying off a worker to replace someone who was deployed would add to the burden for businesses.
Supporters of the expansion said it was essential to help people in training programs as the work force meets the challenges of a changing economy.

Critics worried that lawmakers were putting in place a permanent expansion of Iowa's unemployment system. After the three years of federal funding runs out, they said businesses could be on the hook for the expanded program.
"We have no long-term plan," said Rep. Scott Raecker, R-Urbandale. "Once it's gone, where will we find the funds? We are looking at one-time money for an ongoing expense."
Others argued that lawmakers need to revisit the issue of jobless benefits periodically, and there's a breathing room to take another look later.
"That will allow us about three years to work on this," said Rep. Lance Horbach, R-Tama.


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Audit: Fla. lottery sales going flat in recession

Auditors recommend more control of office space, commissions to offset flat Fla. lottery sales

TALLAHASSEE, Fla. (AP) -- Florida Lottery sales are going flat, a legislative audit reported Thursday.

Growth in the lottery's annual contributions to education began to slow down in fiscal year 2007-08. Now, officials are reducing their goals for future years.
The audit by the Office of Program Policy Analysis & Government Accountability said the lottery is wasting money on excess office space and should review commissions paid to retailers who offer various games. Retailers earn a nickel for every dollar ticket sold and receive an additional 1 percent bonus for redeeming winning tickets.

Auditors said the lottery's operating expenses continue to increase mostly because of growth in its commission payments. The lottery paid $121 million to vendors for advertising and providing the online and scratch-off games in this fiscal year alone.
Auditors recommended the department expand its retailer network to increase sales, propose using vending machines for online ticket sales, secure competitive advertising and reduce commissions paid for higher-value scratch off tickets.
Lottery Secretary Leo DiBenigno said that the economy was not the only reason for the slowdown, and that he plans to ask the Legislature to approve some of the recommendations in the audit to help enhance sales, including instant ticket vending machines.
"There would be additional revenue available if we were able to use those tools," he said.

Lawmakers were concerned as well.

"People that were hoping gambling would pay for education, it's just not working out that way," said Sen. Nancy Detert, R-Venice, after hearing about the lottery's woes at a morning education appropriations committee meeting.
The audit noted that the lottery has introduced new scratch off games, midday drawings and the multistate game, Powerball, in January in hopes of boosting sales in a sluggish economy. Powerball sales totaled $50 million in its first month, but sales decreased in several other existing games.
Florida was previously the only state that did not participate in any multistate games.
Florida voters approved a constitutional amendment in 1986 authorizing the state to operate a lottery with profits aimed at enhancing education.


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Thursday, March 5, 2009

The Homeowner Affordability and Stability Plan

The Homeowner Affordability and Stability Plan is part of the President's broad, comprehensive strategy to get the economy back on track. The plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure.

In doing so, the plan not only helps responsible homeowners on the verge of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs.


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