Latest news with #FTE
Yahoo
14-05-2025
- Business
- Yahoo
State and local funding for public colleges up 18% from pre-pandemic levels, SHEEO says
This story was originally published on Higher Ed Dive. To receive daily news and insights, subscribe to our free daily Higher Ed Dive newsletter. State and local funding for public colleges increased 0.8% above inflation in fiscal 2024, reaching $11,683 per full-time equivalent student, according to a report released Wednesday by the State Higher Education Executive Officers Association. Total state and local appropriations reached $139.1 billion, though that figure includes more than $624.1 million in federal stimulus funding directed by the states. While this funding has been "cushioning state budgets, allowing states to continue supporting higher education," it has also been declining, the report noted. The gradual depletion of stimulus money portends tougher times ahead. 'States may face difficult budgetary decisions' as federal money runs out, SHEEO said in a news release. Last fiscal year, funding from state and local governments hit levels 17.9% above those seen in pre-pandemic times. And more good news from the report: Between fiscal years 2023 and 2024, FTE enrollment rose from 10.1 million students to 10.4 million, marking the first enrollment increase after 12 years of declines, according to SHEEO. Now for the bad news: Fiscal 2024 saw the largest decline in tuition revenue per FTE student since 1980, the first year in SHEEO's State Higher Education Finance data set. Net tuition and fee revenue per FTE at public institutions averaged $7,510, down 3.7% from 2023 when adjusted for inflation. The figure has declined for five of the past six years after decades of tuition revenue increases due to rising tuition prices as well as shares of out-of-state, international and graduate enrollment. Even the enrollment increases come with a caveat — 2024 headcounts are still down 10.8% from their peak in 2011. These historically lower levels are weighing on tuition revenue, keeping prices flat against inflation. Given the tough demographic landscape for colleges going forward, further enrollment increases will likely be hard won. Looking more closely at spending, state and local appropriations per FTE decreased 3.3% at two-year institutions but increased 1.8% at four-year institutions, the report noted. Without federal stimulus funding directed by states to higher education, inflation-adjusted education appropriations still would have increased 1.8% from 2023. The report also noted that 22 states' appropriations to higher education remain below Great Recession levels, chief among them being Arizona (40.3% below 2008 levels), Iowa (29.9% below) and Delaware (29.8% below). 'With uncertainty on the horizon for federal and state budgets alike, we know states will be under greater pressure to fund higher education,' SHEEO President Robert Anderson said in a statement. 'While each state is facing its own unique circumstances, we hope lawmakers will continue to view public higher education as an investment in their state's future workforce.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Otago Daily Times
27-04-2025
- Business
- Otago Daily Times
Review of staff numbers inevitable as budget honed
Alex Parmley. Photo: ODT files A review of Waitaki District Council staffing is inevitable as it finalises a budget for the next few years. The council held a workshop on April 15 to begin honing department budgets for the proposed 2025-26 long-term plan (LTP). The discussions followed a revision of all council departments under "transformation" from July last year. Departments were cut from four to five with the respective managers now termed as "directors". Chief executive Alex Parmley told councillors last month new department "teams" under transformation — which he emphatically said is not a restructure — were yet to fully be "stood up". The consequent department costings were also not ready in time for the formal LTP public consultation period from February 4. Earlier this month, Waitaki Mayor Gary Kircher said a governance briefing on April 15 was "the first opportunity for quite sometime" to get a clearer picture. A closed workshop to begin fleshing out individual department budgets was scheduled that afternoon. Mr Kircher said the potential impact was "about people's jobs". But getting a handle on comparable department costs was complex by "the transformation" with previous headings disappearing in the new structure. "Some of the roles, the funding itself, is now made up of components more than it was before." The council announced a 9% reduction of its 211 fulltime equivalent roles last July. Most staff were to reapply for redefined positions, with some choosing to leave. In February councillors were told staff costs would be over budget by $1.4 million by the end of the current financial year. The budget for the first six months was $8.93m but the spend was $9.6m. On February 25, Mr Parmley said the 9% staff reduction had not yet been finalised, but he expected a cost reduction down the line. "We've got other costs going up associated with staff though. "The 9% reduction isn't all going to come in straight away. "I would expect we'll be looking at a reduced personnel cost." Mr Kircher told the Oamaru Mail "transformation" was never about cutting budgets. "One of the outcomes is we will be delivering [services] better, whether its for the same money, or more for less." As of last week he believed "quite a number" of vacancies remained at the council after some staff chose to leave. Acting chief executive Lisa Baillie said one FTE position at the council prior to transformation is now being filled by an external contractor "on a temporary basis". Recruitment for that position in support services area was under way.
Business Journals
22-04-2025
- Business
- Business Journals
Broadridge Financial will lay off 72 people in Kansas City
The fintech giant plans to close its Kansas City facility, despite the company's recent financial success. A multibillion-dollar fintech company is winding down its Kansas City operations, which initially will result in 72 layoffs. Broadridge Financial Solutions Inc. (NYSE: BR) detailed its plans in an April 22 Worker Adjustment and Retraining Notification Act filing. Broadridge said it is consolidating its production operations at 2600 SW Blvd. into other sites throughout the U.S. The Kansas City facility is tied to the company's investor communication solutions business. The 'first mass layoff' will occur on June 20 and is expected to be permanent. Affected jobs include insert operators, material handlers, mail processing clerks, operations training coordinators and print operators, among others. Laid off employees will receive separation benefits, including severance pay and outplacement support. Broadridge reported $4.2 billion in recurring revenue last year, according to its annual report. Its closed sales climbed to $342 million in 2024 — a 39% jump from 2023. It is based in Lake Success, New York, which is part of Long Island. 'Our focus on execution helped drive strong financial results, including a double-digit increase in earnings and record closed sales,' CEO Tim Gokey said in the report. 'Importantly, we are entering fiscal 2025 poised for another year of sustained growth backed by a record backlog, robust demand for our solutions and resilient volume trends.' Kansas City's Fintech Companies Total FTE employees Rank Prior Rank Name / Prior rank (*unranked previously) 1 1 Euronet Worldwide Inc. 2 2 TreviPay 3 3 C2FO View this list
NZ Herald
21-04-2025
- Politics
- NZ Herald
500 extra police: Challenges of lower success rate, higher attrition, flagged with ministers
Police have also noted a slight decrease in attrition since the February report – 5.4%, at March 31 – but say they face significant pressure from Australian recruiters targeting New Zealand cops. But Labour's police spokeswoman Ginny Andersen says all reports indicate it won't be possible for the Government to meet its target of 500 cops by November. 'The increased applicants that police are receiving are simply not translating into recruits,' she said. 'I've had reports from people who say they're really struggling to get those recruits over the line and this [briefing] makes it really clear that they've even engaged some special training to give advice and support to recruits to help them pass that physical test.' This month NZME revealed a November briefing to incoming Police Commissioner Richard Chambers had projected the target would not be met until June next year, seven months after the initial deadline, assuming all recruit wings were full. The February aide-memoire, released to NZME under the Official Information Act, updated the ministers on initiatives under way to support the target of 500 police by November this year. It highlighted a significant increase in applicants – with more than 700 in January this year – but stated 'many recruit applicants are not meeting entry requirements when these are required'. It said the most common requirement frequently missed is the Physical Appraisal Test (PAT), stating it had engaged High Performance Sport New Zealand to help prepare a training guide for applicants, and police in many districts were providing run clubs. Superintendent Kelly Ryan told NZME the mention of High Performance Sport New Zealand was added to this briefing in error – with police physical education officers providing material for the training guide. The document said issues relating to recruit readiness (not limited to the PAT) had contributed to a 1% drop in success rate, for the period of July–December 2024, when compared to the same period the previous year. Ryan said police had expected a reduction in recruit readiness as it widened its candidate pool – allowing those on a resident visa and restricted driving licence to apply. 'We are also working hard to get applicants through the pipeline and into training as fast as possible,' Ryan said. 'This means that recruits previously had more time to train whilst in the recruitment pipeline, but now don't have as long to get prepared.' Ryan said fitness groups have been arranged in the Southern, Wellington, Bay of Plenty, Eastern and Waikato districts, with Waitematā, Northland and Waikato also running rehearsal PAT sessions. Advertise with NZME. Counties Manukau has also connected applicants with their local parkrun to help them prepare. Police said as of April 14 there was a total of 10,175 FTE police constables, not including 76 recruits due to graduate last Thursday. The Government had committed to training 500 more officers within two years, above the 10,211 police employed when the coalition agreements were signed in late 2023. Costello said police have continued to optimise the recruitment and training process – including recruiting leads co-ordinating activities in each district and creating opportunities for potential applicants to engage with local cops. 'With the applicant pool being so much larger and the timelines to prepare being faster, it's not surprising to see that there has been a very small reduction - of 1% - in recruit readiness when compared to the same period in 2023, before these changes were made.' Police briefed the ministers that 5,277 applications were received in the second half of last year – more than twice the number of applications for the same period in 2023 - with changes to eligibility criteria accounting for nearly 40% of them. The briefing also projected up to 100 former employees to re-join police this year.
Yahoo
15-04-2025
- Business
- Yahoo
White House slapping 21% tariffs on tomatoes from Mexico
The Trump administration plans to withdraw from a trade agreement that lets Mexico export tomatoes to the U.S. duty-free, the Commerce Department said. Starting July 14, tomatoes from south of the border will be tariffed at 20.91%. 'The current agreement has failed to protect U.S. tomato growers from unfairly priced Mexican imports, as Commerce has been flooded with comments from them urging its termination. This action will allow U.S. tomato growers to compete fairly in the marketplace,' the department said in a news release Monday. Tomatoes sold in the U.S. from Mexico are controlled by the Department of Commerce through the suspension agreement, which sets minimum pricing and regulates sales between growers and importers. Mexican tomato producers signed an agreement with President Donald Trump's first administration in 2019 to end a tariff dispute. As part of the 2019 agreement, Mexico-based growers agreed not to sell tomatoes below a reference price, a seasonably adjusted floor price at which Mexican tomatoes can't fall underneath and still be exported to the U.S. Mexico exports about 56% of the tomatoes it produces, with 99% of exports destined for the U.S., according to the country's Ministry of Agriculture and Rural Development, reported Milenio. In 2023, the U.S. market accounted for $2.7 billion worth of tomato exports from Mexico, according to the U.S. Department of Agriculture. The Laredo customs district in South Texas — which includes Laredo's World Trade Bridge and the Pharr-Reynosa International Bridge in Pharr — accounts for the majority of tomato imports from Mexico, followed by the border crossing in Nogales, Arizona. Officials for the Florida Tomato Exchange (FTE) said they support the tariffs on Mexican-grown tomatoes. Florida growers have been pushing for more restrictions on Mexican-grown tomatoes for decades. Since 1996, the U.S. and Mexico have negotiated five separate agreements regarding tomato imports. In June 2023, the FTE requested that the federal government terminate the tomato agreement, alleging that it has 'failed to stop unfairly traded Mexican tomatoes from destroying the U.S. tomato industry,' it said in a news release. 'This is a major victory for American agriculture,' Robert Guenther, FTE executive vice president, said in a news release on Monday. 'For decades, American tomato farmers have suffered from unfair trade practices by Mexican tomato exporters. Terminating this agreement and enforcing U.S. trade laws is the only way to finally give domestic growers the relief they've long deserved.' The post White House slapping 21% tariffs on tomatoes from Mexico appeared first on FreightWaves.
