| |
| Home > News > Financial and Economic News > Public-sector groups call on MBA students for fiscal advice |
| |
| Public-sector groups call on MBA students for fiscal advice |
 |
| |
| 3/1/2011
|
| |
Recent economic news shows that states across the U.S. are struggling mightily with the task of balancing their budgets.
According to Bloomberg, the Brookings Institution reports that states saw an average revenue decline of 30 percent in fiscal year 2009, and it could get worse in the coming year as Federal lawmakers aim to slash spending across the board in an effort to reduce the national deficit. As a result, some publicly-funded sectors have turned to business schools for guidance.
The media outlet reports that a team of students from the University of California-Los Angeles (UCLA) School of Management helped the Los Angeles Unified School District establish a new budgeting process last year. One of the scholars suggested a three-year phase format instead of a two-year plan, which the district adopted.
Furthermore, MBA candidates from the University of Michigan's Ross School of Business advised a group of leaders in Detroit last year, helping them maximize their income tax collection and prevent revenue losses in the city's transit system, the news source reports.
State budget concerns were a hot topic this past weekend when most of the state governors met with President Barack Obama at the White House. According to CNN, many officials requested that the President allow them to drop enrollees from their Medicaid programs, which they claim are eating up a considerable portion of their budgets and forcing devastating cuts in other critical areas of public service. |
| |
|
| Related Articles |
|
 |
Harvard Business School students create opportunities for entrepreneurs in Boston updated 4/25/2012 |
| |
|
|
Business school professor praises JOBS Act updated 4/17/2012 |
| |
|
|
Substantial gift bestowed on prestigious business school to tackle poverty updated 11/4/2011 |
| |
|
|
Experts at Indiana business school predict marginal economic improvement in 2012 updated 11/3/2011 |
| |
|
|
Harvard business school funds lean startup operations updated 11/1/2011 |
| |
|
|
Business school analysis suggests planned hiring in face of economic uncertainty updated 10/24/2011 |
| |
|
|
Resiliency of Virginia businesses recognized in school competition updated 8/11/2011 |
| |
|
|
Despite economy, entrepreneurial spirit strong in New York, Washington updated 8/5/2011 |
| |
|
|
New Jersey business school joins presidential entrepreneurship initiative updated 6/6/2011 |
| |
|
|
Mazda creates new division in company updated 4/29/2011 |
| |
|
|
Gas and food prices have consumers feeling skittish updated 4/21/2011 |
| |
|
|
Central bank says economy continues to improve updated 4/13/2011 |
| |
|
|
Government shutdown will affect economic recovery, federal officials predict updated 4/6/2011 |
| |
|
|
Unemployment rate continues to improve updated 4/1/2011 |
| |
|
|
Conflict overseas raises concerns about economic growth updated 3/22/2011 |
| |
|
|
Small businesses expect to add millions of jobs, but confidence still low updated 3/14/2011 |
| |
|
|
NFL lockout could cripple some small businesses, impact economy updated 3/4/2011 |
| |
|
|
CPAs express highest confidence in economy since 2007 updated 3/3/2011 |
| |
|
|
Smith Business School releases report on the state of the railcar industry updated 2/24/2011 |
| |
|
|
Obama American economy hinges on small business growth updated 2/22/2011 |
| |
|
|
Fed official says economy is improving, but not fast enough updated 2/14/2011 |
| |
|
|
Unemployment rate drops in January, but job growth sputters updated 2/4/2011 |
| |
|
|
Almost half of all Americans struggling with finances, worried about the future updated 2/3/2011 |
| |
|
|
Students encouraged to document business schools influence in developing nations updated 2/2/2011 |
| |
|
|
Consumer confidence in January higher than expected updated 1/28/2011 |
| |
|
|
Obama to address economy, jobs during State of the Union speech updated 1/24/2011 |
| |
|
|
New numbers spark optimism about U.S. economy updated 1/21/2011 |
| |
|
|
Poll Good time for a bargain in housing market, if you qualify updated 1/17/2011 |
| |
|
|
Americans more confident, but still conservative heading into 2011 updated 12/29/2010 |
| |
|
|
Recent Wharton MBA grad earns $350,000 in 2010 updated 12/28/2010 |
| |
|
|
TD Bank to purchase American-lender Chrysler Financial updated 12/21/2010 |
| |
|
|
Economists predict slow, steady economic growth in coming years updated 12/15/2010 |
| |
|
|
Institute tackles tough economy with entrepreneurship training courses updated 12/15/2010 |
| |
|
|
Small business owners say tax cut extensions wont change 2011 plans updated 12/10/2010 |
| |
|
|
CPA executives show modest increase in optimism about economy updated 12/7/2010 |
| |
|
|
Poll shows many consumers will play it safe during holidays updated 12/6/2010 |
| |
|
|
Holiday sales figures show signs of economic rebound updated 11/29/2010 |
| |
|
|
Economists not optimistic about economic recovery in 2011 updated 11/24/2010 |
| |
|
|
Survey American women more determined to meet financial goals in 2011 updated 11/17/2010 |
| |
|
|
Feds plan to purchase government debt raises doubt among financial leaders updated 11/11/2010 |
| |
|
|
Economic stress in U.S. reaches 16-month low, according to AP data updated 11/9/2010 |
| |
|
|
Business leaders hope contributions to GOP pay dividends updated 11/4/2010 |
| |
|
|
Illinois-based business school launches contest that offers scholarship money updated 11/3/2010 |
| |
|
|
Former Fed leader says security purchases may cause future inflation updated 11/2/2010 |
| |
|
|
Future of coffee industry discussed at New York City panel event updated 10/29/2010 |
| |
|
|
Business school's network adds six angel investors updated 10/29/2010 |
| |
|
|
Massachusetts business school receives record-high grant from international company updated 10/19/2010 |
| |
|
| |
| |
| |
