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|Weekly News and Opinion from Ohio's Newspapers|
June 15 - 21, 2010
|Welcome to the latest issue of Economic News from Ohio's Regions, a new weekly newsletter from the Maxine Goodman Levin College of Urban Affairs and Cleveland State University. We'll search Ohio's papers to bring you economic news and key happenings that impact Ohio's regions.
|Retirement for public employees in Ohio: Eight of Ohio's largest newspapers teamed up to to identify thousands of public employees who are working in public
office and collecting pension payouts at the same time - known as
Retire-rehire contracts are a bargain for school districts, area superintendents say (Dayton Daily News, June 19, 2010) Many superintendents bristle at the term "double dipper," but the
practice has become quite common, and quite lucrative, for
superintendents across the state.
Teachers' retirement benefits have grown generous (Cincinnati Enquirer, June 20, 2010) In the last four decades, the State Teachers Retirement System has been
transformed from a retirement plan for educators who have completed
their careers to a generous source of additional income for those still
reporting to work. Educators are able to begin collecting pension
benefits in their early 50s and continue as educators or acquire other
jobs in the workforce.
State pension system in peril (Cincinnati Enquirer, June 20, 2010) When
is retirement not really retirement? When you "retire" early but go
right back to the same job, collecting retirement benefits along with a
Ohio pension funds' wallets wield power (Toledo Blade, June 20, 2010) Ohio's five public pension systems have at their
disposal a combined annual budget of more than $2 million to influence
those who write laws affecting their bottom line.
School chiefs get better deal than teachers (Akron Beacon Journal, June 20, 2010) One out of every four. That's the number of superintendents
drawing state pensions who have been rehired to work full time as chief
executives of the state's more than 600 public school districts
Positively Cleveland ramps up campaign to keep Cuyahoga commissioners from diverting its funding to the medical mart (The Plain Dealer, June 17, 2010) Positively Cleveland officials fear they might lose their main source of
operating money, $5.1 million from a tax on hotel room stays, to a
medical mart and new convention center proposed for downtown.
Still no clear sign recession easing for Ohio Workers (Salem News, June 19, 2010) Ohio job number estimates in May provided some good news, according to
George Zeller, economic research analyst from Cleveland. The state has now gone 14 years and three additional months with its job
growth continuously below the U.S. national average, including all
months during those years.
Ohio jobless rate hits 8-month low (Toledo Blade, June 19, 2010) Ohio's unemployment rate fell to 10.7 percent last
month, its lowest level in eight months. .The Ohio rate dropped two-tenths of a percentage
point last month from April
Editorial: Education should not be tied to property taxes (The Tribune Democrat, June 20, 2010) The time has come for a change in education funding. The teachers
pension crisis should be conclusive proof that the property tax cannot
properly support education and that another means of funding education
must be found now.
$6 million program to train workers for green jobs in Ohio (Chillicothe Gazette, June 21, 2010) The Ohio Department of Development's Workforce and Talent Division will
administer the Energizing Careers Program to help companies that are
manufacturing components for the wind, solar and biomass industries.
Ohio Arts Council get $1M NEA grant (Cincinnati Business Courier, June 21, 2010) The council said it was awarded the grant this week as part of a $57.7
million round of 67 grants nationwide from the NEA. The only state to
receive a larger grant was California.
|New direction for city schools being forged by commission (Youngstown Vindicator, June 20, 2010) The times they are a-changing in the Youngstown City School District. A
new superintendent will be on board January 2011, the district's
academic recovery blueprint will be unveiled Monday, and revised
economic projections that reflect reality will be forthcoming.|
Cities moving closer together to Seasons Road partnership (Stow Sentry, June 20, 2010) Three cities working together to develop the area around Seasons Road
near state Route 8 are moving closer to formalizing their partnership.