Blog Posts and Analysis / Revenue & Spending

Recent Data Shows Decline in Nonprofit Employment, Earnings

On August 19, OMB Watch released a new report, "Recent Trends in Nonprofit Employment and Earnings: 1990-2004," which examines the recent history of employment and compensation trends in the nonprofit sector. It found that while growth in nonprofit employment continued during the 2001 recession and immediately after, it stalled over the past year, with significant declines in average hours worked, weekly earnings, and hourly wages. Data on individual states reflect this nationwide pattern.

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Economy and Jobs Watch: Tax Cuts Go Mostly to the Rich

The Congressional Budget Office has released a new study detailing the impact of recent tax changes on various income levels. The bottom line: The very, very wealthy made out very, very well.

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Economy and Jobs Watch: Economy Shows Signs of Weakness under Pressure

Two recent economic reports on jobs and gross domestic product (GDP) indicate that the economy is showing some signs of weakness. The economy will begin to be under increasing pressure from higher oil prices, rising interest rates, and a ballooning deficit. Over the period from 2004 to 2009, the White House projects that $1,727 billion will be added to the federal debt -- and this projection does not include many policy proposals favored by the President and many in Congress which would increase the deficit even more.

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Mid-session Review Presents Misleading View of Nation's Finances

The White House's Office of Management and Budget recently (and belatedly) released its annual budgetary "Mid-Session Review," which attempts to put a positive spin on massive and worsening deficits, as well as the lowest level of revenue in nearly a half century.

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Budget Legislation Watch

Some good and bad news from Congress before the August recess.

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National Debt Limit Countdown

On August 2, Treasury Secretary John Snow urged Congress to raise the federal debt limit without delay, and warned that the limit will be reached by late September or early October.

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California Nonprofits Caught in Revenue Squeeze

The California Association of Nonprofits (CAN) recently completed a study of the impact on nonprofits of funding cutbacks in California. In the report "Holes in the Safety-net: Study of Funding Cutbacks and Safety-net Nonprofits in California," CAN found that a wide range of nonprofits in the state are squeezed between revenue reductions and increased demand for services.

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