Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.

Tag: United States

Our New Reality

Dear Readers,

I am delighted to share with you my most recent article. The best way to summarize it is by sharing these quotes with you from The New Geography of Jobs by Enrico Moretti  in order to guide you better. The unfortunate thing is that not everyone is prepared to embrace the changes that are engulfing this wonderful nation.

I hope you enjoy reading this article as much as I enjoyed writing it.

These quotes are a great segway into my article.

 “On the surface it seems we have good reason to be worried. Middle class salaries are declining. Good jobs are scarce. Take the typical forty-year-old male worker with a high school education: today his hourly wage is 8% lower than his father’s was in 1980, adjusted for inflation. This means that for the first time in recent America history, the average worker has not experienced an improvement in standard of living compared to the previous generation. In fact he is worse off by almost every measure. On top of this, income inequality is widening. Uncertainty about the future is now endemic.”


“Over the past half century the United States has shifted from an economy centered on producing physical goods to one centered on innovation and knowledge.”


See you soon,

Optimization with an Impact (OpIm)




New Jersey’s Abbott Districts: Education Finances During the Great Recession

“The New Jersey Constitution states that any child between the ages of five and eighteen has the constitutional right to a “thorough and efficient” education.”

Smart Snacks in School

Announced June 27th, this interim final rule is an important component of First Lady Michelle Obama’s Let’s Move! Initiative. The standards hope to change some staggering statistics: nearly one third of America’s children are at risk for preventable diseases like diabetes and heart disease due to being overweight or obese.


Building on SUNY’s current open and online initiatives, Open SUNY has the potential to be America’s most extensive distance learning environment. It will provide students with affordable, innovative, and flexible education in a full range of instructional formats,both online and on site. Open SUNY will network students with faculty and peers from across the state and throughout the world through social and emerging technologies and link them to the best in open educational resources. Open SUNY will provide an online portal for thousands of people worldwide.

Review of the Financial Plan of the City of New York

Over the past decade, City funding for education has more than doubled, rising from $6.2 billion in FY 2003 to $13.2 billion in FY 2013.

The May Plan assumes that the Department of Education (DOE) will reduce planned spending by a total of $1.2 billion during the financial plan period. This represents 40 percent of the total value of the agency program, which is greater than the DOE’s share of the City-funded budget. The majority of the savings would come from re-estimates of the cost of special education ($672 million) and from non-classroom efficiencies ($368 million). The DOE also intends to raise the price of school lunches by $1.00 for students whose families’ incomes exceed 185 percent of the poverty level.

The Policy Absurdity of the Monthly Jobs Report by Mohamed El-Erian

<div style=”margin-bottom:5px”> <strong> <a href=”; title=”The Policy Absurdity of the Monthly Jobs Report by Mohamed El-Erian” target=”_blank”>The Policy Absurdity of the Monthly Jobs Report by Mohamed El-Erian</a> </strong> from <strong><a href=”; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>

City of Yonkers

Enrollment for the dependent Yonkers school district increased by almost 6 percent from fiscal year 2009 to fiscal year 2012, while overall state public school enrollment declined by 0.8 percent. This enrollment increase has added to the pressures on the City’s budget. Assuming the budget gap is filled in part by utilizing fund balance, the City could quickly exhaust its balance. The City is considering possible gap closing measures including increases in the City income tax, property tax and real estate transfer tax, as well as increases in the contribution rates of employee health plans and limiting growth in the school district’s operating costs. The City is also advocating for the reassessment of all properties in Westchester County in the hope that this will save money by reducing the number of tax certiorari claims.

<div style=”margin-bottom:5px”> <strong> <a href=”; title=”City of Yonkers ” target=”_blank”>City of Yonkers </a> </strong> from <strong><a href=”; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>