Tag: Rate

Ohio Proposes 10 Percent Cut to Workers’ Compensation Premiums

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three people in hard hats looking at a clipboard

Private businesses in Ohio would save nearly $106 million over the next fiscal year if a proposal to cut the state’s workers’ compensation premiums by 10% is approved.

The reduction would follow a 10% rate reduction for public employers – counties, cities, schools and others – that went into effect Jan. 1. If approved at the Ohio Bureau of Workers’ Compensation (BWC) board meeting Feb. 25, it would be effective July 1.

“At the request of Gov. [Mike] DeWine, we are proposing a new rate reduction for private employers,” BWC Administrator and CEO Stephanie McCloud said. “This proposed rate reduction confirms the dedication and hard work Ohio’s private employers have towards workplace safety.”

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Connecticut Governor Lamont Directs Increase in Earned Income Tax Credit to Benefit Lower-Income Taxpayers

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Ned Lamont

Nearly 200,000 households in Connecticut will benefit from an increase in the state’s Earned Income Tax Credit, Gov. Ned Lamont said.

The governor said in a news release that the Department of Revenue Services will increase the 2020 Earned Income Tax Credit from 23% to 41.5% as directed by the state budget.

Lamont said the increase will “provide needed economic support to low-to-moderate income working individuals and families” who faced negative economic impacts amid the COVID-19 pandemic.

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Developers Pause, Pull Out After St. Paul Passes Rent Control

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St. Paul School District

Earlier this month, St. Paul voters chose 53%-47% to impose a 3% cap on rent increases per year.  Despite the rule not activating until May 22, developers already are pausing and pulling out of projects.

The cap is strict: it doesn’t account for inflation, small or large landlords, new or old buildings, “regardless of change of occupancy.” The goal is to obtain stable, affordable housing prices, but there are also wide-reaching unintended consequences.

Pre-election, Mayor Melvin Carter said he supported the initiative.

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Report: COVID-19 Hit More Vulnerable Schools Hardest

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A new report found that only 12% of educators in some schools believed students would complete the 2020-21 school year proficient in math, English Language Arts, science, or social studies.

That’s according to Michigan State University’s Education Policy Innovation Collaborative (EPIC) report that found Partnership districts were hit harder by COVID-19 as they remained remote longer than schools in more affluent areas.

This report is part of a multi-year evaluation of Michigan’s Partnership Model district that aims to improve outcomes in the lowest-performing schools by serving districts’ specific needs. If these goals aren’t met by the end of the three years, the schools could close.

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Study: Ohio COVID-19 Vaccine Lottery Failed to Increase Rates

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Giving away millions of federal tax dollars and hundreds of thousands of dollars in college scholarships did nothing to improve Ohio’s COVID-19 vaccination rate, a recent study concluded.

Those results have Democratic leaders saying the state needs to do more to address vaccine hesitancy and deal with what they call root causes of Ohio’s stagnant vaccination rate.

The study, conducted by the Boston University School of Medicine using information from the Centers for Disease Control and Prevention, concluded reports that the state’s Vax-a-Million lottery program increased rates failed to factor in vaccinations expanded to ages 12-15.

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University System of Georgia Board Freezes Tuition, Fees

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Students walking on college campus

Students at Georgia’s public universities and colleges will pay the same amount in tuition and fees during the next academic year.

The Board of Regents of the University System of Georgia (USG) voted this month to freeze the rates for the second consecutive year. It is the fourth time in six years the USG board has not raised tuition rates.

“USG over the past several years has remained committed to making public higher education as affordable as possible for students and their families, while maintaining results that rank our campuses among some of the best in the nation,” USG Chancellor Steve Wrigley said. “We are grateful for the support of the board and state leaders toward this priority, and recognize students’ hard work, especially over the past year, to maintain success toward graduating and entering Georgia’s workforce with college degrees.”

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Florida No-Fault Repeal Advances with No Certainty it Will Lower Auto Insurance Rates

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Erin Gall

For decades, Florida lawmakers have pondered bills seeking to repeal the state’s half-century-old no-fault auto insurance system.

They’ve perennially failed because there’s no certainty a repeal would lower Florida auto insurance rates.

There still isn’t, at least according to the insurance industry, but nevertheless, Florida’s 16 million drivers, who already pay the nation’s highest auto insurance premiums, may learn the answer to that long-debated question next year.

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