New Haven was sliced and diced by highway and urban renewal projects. A series of smaller initiatives are gradually knitting the city back together.
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Governors, mayors and finance officers are treading water, awaiting the outcome and impact of a new Washington regime’s vows to slash federal spending and taxes. Meanwhile, state and municipal budgeters and debt managers will need to make intelligent guesses and pay more attention to their rainy-day funds.
With 13 states offering coverage, it’s already a $3.9 billion cost. Some state officials say reducing obesity will save programs money in the long run.
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California Gov. Gavin Newsom. This week, the Democrat is presenting a budget with a small surplus, which he attributed to fiscal discipline in the face of a massive shortfall last year, along with revenues coming in $16.5 billion above projections. California’s Legislative Analyst’s Office paints a less rosy picture, saying the state’s shortfall will be $2 billion next year, followed by about $20 billion the following year. (Associated Press – Jan. 6, 2025)