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With Pennsylvania at a Crossroads, Governor Wolf Announces Proposed Early Education Investment

first_img SHARE Email Facebook Twitter With Pennsylvania at a Crossroads, Governor Wolf Announces Proposed Early Education Investment Budget News,  Education,  Schools That Teach Philadelphia, PA – Governor Tom Wolf today joined Philadelphia Mayor Jim Kenney and Education Secretary Pedro A. Rivera to announce the proposed early education funding levels for the 2016-17 budget. Pennsylvania stands at a crossroads, and Governor Wolf is proposing a clear path for a promising future in the commonwealth. The governor’s proposal includes a $60 million increase in high-quality early childhood education. This funding increase builds upon a $60 million investment in 2015-16 to enroll about 14,000 additional children in Pennsylvania Pre-K Counts and the Head Start Supplemental Assistance Program.“We have a choice in Pennsylvania. We must choose a path that funds our schools, eliminates our deficit, and puts Pennsylvania back on track,” said Governor Wolf. “I believe that Pennsylvania should be among the many states that provide universal pre-kindergarten for children and I will work to make this a reality.”Governor Wolf has made clear his strong commitment to education in Pennsylvania by fighting to restore critical education funding cuts, provide unprecedented support to high-quality pre-k programs, and ensure students are college and career ready. The governor continues to advocate for increased funding for Pennsylvania schools to deliver high-quality education to every student across the state, regardless of zip code.In 2003, Pennsylvania joined the ranks of states that offer full-day pre-kindergarten for 3- and 4-year-olds. Currently, only 30 percent of Pennsylvania children in families earning up to three times the federal poverty level are enrolled in high-quality pre-k programs. Studies show that children who participate in high-quality pre-kindergarten perform better in school, graduate at higher rates, and earn more throughout their working lives compared to peers that do not have access to early learning programs. Additionally, children who were previously enrolled in Pre-K Counts outperform their economically disadvantaged peers in third-grade math and reading.“Access to high-quality early childhood education is critical to students and families, but also to the future of Pennsylvania,” Secretary Rivera said. “Governor Wolf’s leadership in expanding access to these proven programs will have sustained, positive impacts on the commonwealth’s families, schools, workforce, and economy.”“I thank Governor Wolf for his leadership on this important issue,” said Mayor Kenney. “Pre-K is the single most important and cost-effective investment we can make in our city and our state’s future, impacting our schools, our public safety and our economic development. In conjunction with our local efforts on pre-k, this investment from the state would break the cycle of poverty for thousands of families.”This 2016-17 investment is contingent upon lawmakers passing the bipartisan budget compromise bill that proved elusive last December. The upcoming budget provides a spending plan for 2016-17 that builds upon that agreement. Failing to enact this compromise will put Pennsylvania on yet another path that abandons all bipartisanship, causing our schools to lose an additional $1 billion that would double the amount cut from education under the previous administration.“It is time for us to finish the job and restore Pennsylvania’s shaken faith in their government,” said Governor Wolf. “It is time to fund our schools. It is time to face financial reality. It is time to give Pennsylvania the bright future it deserves.”Governor Wolf will deliver his 2016-17 budget address on February 9 at 11:30 a.m. A livestream of the budget address will be available here: https://www.governor.pa.gov/live/Read more posts about Governor Wolf’s 2016-17 budget.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolfcenter_img February 04, 2016last_img read more

Former Keva chairman calls for end of private pensions in Finland

first_img“It has been seen that a public entity – Keva, that is – can look after pensions for smaller cost and in a more just manner. In addition, their investments have yielded more than those of private pension insurance companies.“A public monopoly would serve the interests of pension savers better than the current setting, where competition is only nominal.”Kataja also argued that the current system wastes resources on high management costs and paying bonuses to the companies that switch insurance companies.“A single institution would be easier to supervise than a system consisting of several players,” Kataja said.“One large actor would also have the best chances to perform well in terms of investment returns.”Suvi-Anne Siimes, managing director at Tela, responded to Kataja’s proposals by pointing out that the main task of the occupational pensions system was to secure pensions for current and future pensioners.Tela represents all statutory earnings-related pension insurance institutions in Finland.“There is a strong basis for the current, diversified model in Finland, the most important duty of which is to secure statutory pensions,” Siimes told IPE.“In the Finnish occupational pension system, unlike in so many other countries, pension assets are kept separate from the state budget.“This means the funds cannot be used for anything else except paying out pensions – for example, for balancing state or municipal economies in harder times, unlike in some other countries in Europe, as seen recently.”The current structure also reduces investment risk, as each institution follows its own investment strategy, Siimes said.“In a more centralised system, investment portfolios would also be more centralised, which would increase investment risk in the whole system,” she added.“In the current system, if one investment fails to perform well, another one will balance it.”In early 2013, the Finnish Centre for Pensions published a study comparing the costs of the Finnish occupational pensions system with corresponding systems in other countries.It found that the operating costs of the Finnish system were the lowest in the Nordic region, and that the pensions landscape comprised fewer institutions than in other countries researched. The Finnish Pension Alliance (Tela) has criticised the recent suggestion of Sampsa Kataja – a local MP and former chairman of Finland’s local government pension institution Keva – that the country’s pensions landscape should be simplified into a monopoly of one public pension institution.Kataja, currently serving as an MP for the centre-right National Coalition Party, told Finland’s national public service broadcasting company last week that the current system, which consists of several institutions for statutory pensions, should be dismantled and a public monopoly established instead.According to Kataja, supervising a single and public institution would be easier and more profitable than the current setting of several public and private bodies for statutory pensions.“Pensions and contribution rates are defined in the law, meaning there is no real competition in the market in any case,” he said.last_img read more

Mark Thompson leaves London CIV as investment chief

first_imgMark Thompson has resigned from his role as chief investment officer of London CIV after only a few weeks in the job for personal and family reasons, according to an announcement from the asset pooling company.He joined London CIV – which aims to pool £38bn (€43bn) of local authority pension assets – at the beginning of the month but had decided he could not commit to the demands of the role, the pension investor said in a statement.Thompson said: “I have concluded, after further personal reflection, that I am not ready for a return to a full-time and demanding role and that I cannot therefore commit fully to the London CIV.“I currently intend to follow a path away from a full-time executive role to spend more time with my family.” He added that his decision was “in no way […] a reflection of London CIV and its objectives”.Thompson said: “In my short time at the London CIV I have been impressed by the talented and hard-working individuals, who share a common goal of meeting the company’s objectives for its clients. I wish them all well in this important and valuable endeavour.”Thompson’s departure from the London CIV is a setback for the pool, which lost key staff members last year and faced problems in aligning with the varying aims of the 32 London local government pension funds that are its shareholders and clients. It has recently made major changes to its governance structure and begun exploring new asset classes such as infrastructure.Thompson, the former investment chief for HSBC’s €30bn UK pension scheme, was supposed to be a long-term permanent CIO for the pool. Michael Pratten acted as interim CIO for a few months earlier this year, the London CIV’s first chief investment officer since Julian Pendock left the company in January 2018. Pendock’s departure followed the resignation of Hugh Grover in November 2017 as the then chief executive.Mike O’Donnell was named as the London asset pool’s permanent CEO in January this year, taking over from Mark Hyde-Harrison, who had been carrying out the role on an interim basis since Grover’s resignation.O’Donnell said he was sad that Thompson had decided to resign but understood his reasons for doing so.The board was “focusing on future resourcing on both an interim and permanent basis and will be particularly keen to recruit somebody to lead on ESG work in advance of a new permanent CIO appointment”, he said.last_img read more

Gold Coast suburb makes list of Australian top 100 affordable areas

first_img ASHMORE UNITS FUN FACTS MORE NEWS: Rare beachside houses up for grabs The list compared areas with a median value of less than $500,000 and their growth. Picture: Jerad Williams“This report identifies the top 100 suburbs across Australia that have performed strongly and consistently across an extended period of time,” the report read. “Eighty eight of the 100 markets were identified from house median value and growth and 12 markets were included based on unit median value and growth. “(For buyers it) identifies areas where change in median value has historically been strong. “For sellers, it helps you to understand how your suburb has performed and provides an indication of the likely capital gain you should hope to realise upon sale.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29 Ashmore was the only Gold Coast suburb to make the top 100 list. It has a $339,168 median unit value.Knobel & Davis Property Services agent Darrell Johnson said it had taken a while but buyers had finally recognised Ashmore. “Ashmore is the most practical and central suburb the Gold Coast has to offer, located close enough to all the action yet far enough away from it all,” he said. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“It is frequently highlighted on major property reports as a recommended investment hot spot assured of ongoing demand and outstanding capital growth.“For years people used to choose other neighbouring suburbs … because they didn’t know what Ashmore actually offered and it was a very undervalued, sleeper suburb. “Now that has all changed and with the increase in prices and new developments happening everywhere, we now like to refer to our much-loved, ever-increasing, valuable piece of real estate as either Cashmore or Flashmore.”Ashmore’s median unit value is $339,168 and has recorded 8.9 per cent growth in the past 12 months, according to the CoreLogic data.Only 8 per cent of properties in the area were units. Australia’s top 100 affordable suburbs have been revealed and the Gold Coast ’burb which made the list might surprise you.A GLITTER Strip suburb has been named one of Australia’s most affordable. Ashmore’s units coasted in at No. 66 on CoreLogic’s Top Affordable Suburbs report. It was one of 11 Queensland suburbs — but the one on the Gold Coast — to feature. Smithton in Tasmania took out top place. The report ranked the country’s top 100 suburbs based on having a median value under $500,000 and their growth in the past 12 months and three and five years. MORE NEWS: Want to be a property mogul? last_img read more

Jadestone takes Ensco jack-up rig for infill drilling on Stag field

first_imgOil and gas company Jadestone Energy has signed a rig contract for infill drilling on the Stag oilfield located offshore Australia.Jadestone informed on Monday that Ensco Australia had agreed to provide the Ensco 107 jack-up drilling rig to Jadestone, after completion of its current operation in Dampier, Western Australia.Jadestone intends to drill the Stag-49H well from the Stag wellhead platform, as a horizontal oil producer, targeting unswept pay in the Stag reservoir southwest of the platform. The well will target approximately 1.2 mmbbl of incremental oil reserves from the field.The company is planning to spud the Stag-49H well in early March 2019 and drilling operations are expected to take approximately 34 days.Paul Blakeley, President and CEO commented “I am pleased to have signed the rig contract with Ensco to drill Stag-49H, the first infill well at the Stag field since 2013, and an important milestone for the company too.”The Stag oilfield was acquired by Jadestone through its wholly-owned subsidiary Jadestone Australia on November 11, 2016.The field was developed using a fixed leg, 12 slot manned central processing facility platform with a liquids production capacity of 50,000 bbl/d, of which 30,000 bbl/d is for oil. This is connected, by an eight inch underwater export pipeline, to a pipeline end manifold and floating storage and offloading vessel (FSO), via a catenary anchor leg mooring buoy. Shuttle tankers transfer the oil from the FSO to shore.It is worth reminding that the Ensco 107 drilling rig was used last year to drill the Dorado-1 well, which turned out to be one of largest oil discoveries ever on the Australian North West Shelf.last_img read more

Pond Case missing teen found

first_img Share Sharing is caring! LocalNews Pond Case missing teen found by: – October 27, 2011 Tweet 31 Views   no discussionscenter_img Share Share River Luke of Pond CasseMissing mentally ill nineteen year old River Luke of Pond Casse who went missing yesterday has been found.River’s mother Christine Luke reported yesterday afternoon that her daughter who went on her regular morning walk had vanished. Mrs Luke has reported this morning that her daughter has been found safe and was not injured. Villagers and family members assisted in conducting a search of the Pond Casse area yesterday.The family members are grateful for the assistance they received from members of the public.Dominica Vibes Newslast_img read more

Batesville Area Deanery CYO Basketball Scores

first_imgBatesville Area Deanery CYO Basketball Basketball Scores.2nd Round Games @ Batesville.   (1-26)St. Louis-1  62     St. Martin’s/St. Paul’s  50St. Michael’s-1  70     St. Louis-2  542nd Round Games @ Oldenburg.   (1-26)Holy Family-1  64     St. John’s-1  38St. Joseph’s/St. Peter’s  75     Holy Family-2  618th Grade Tourney @ Batesville.   (1-26)The St. Louis 8th grade boys basketball team concluded their season Sunday losing to St. Nicholas in the 1st game of theCYO Deanery basketball tournament by a final score of 44 to 31.A 31 point effort from St Nicks Jon Bischoff was too much to overcome.Jack Kellerman led the Cards in scoring with 11 points. Baird Tuveson added 8, and Will Harmon had 6, including a rare 4 point play. Kyle Siefert finished with 4 points and Stuart Lamping rounded out the scoring with 2 points. Gavin Koester provided another solid defensive effort.Score by quarter. St Nicholas 18  St Louis 4; St Nicholas 24  St Louis 14;St Nicholas 40  St Louis 23; St Nicholas 44  St Louis 31.Championship Game:  St. Mary’s 42     St. Nicholas  26Submitted by STL Coach Jon Temple.2014 tBatesville CYO Deanery Tourney Brackets Semi-Finals2014 Batesville Area 8th Grade Tourney2014 Indy Arch Diocese TourneyBatesville Area CYO Deanery Tourney Semi-Finals.Sunday (2-2) @ St. Louis-Batesville.Game 1-1 PM:  St. Louis-1 vs. St. Michael’s-1.Game 2-Following:  Holy Family-1 vs. St. Joseph’s/St. Peter’s.Submitted by CYO Chairman Roger Dietz.last_img read more

Super Bowl

first_imgThe teams have been set for Super Bowl 50.  Congratulations to the Denver Broncos and Carolina Panthers.  Denver earned their spot with a 20-18 win over New England, and Carolina routed the Arizona Cardinals 49-15.This will be a fitting conclusion to the distinguished career of Peyton Manning if he chooses to retire.  It is also a great start for an up and coming star quarterback, Cam Newton.  I will be rooting for Peyton.last_img

September 8, 2017 Police Blotter

first_imgSeptember 8, 2017 Police Blotter090817 Batesville Police Blotter090817 Decatur County EMS Report090817 Decatur County Fire Report090817 Decatur County Jail Report090817 Decatur County Law Reportlast_img

Citizens Action Coalition to begin door-to-door activities Monday

first_imgFranklin County, In. — The Citizens Action Coalition will begin door-to-door fundraising and political outreach activities on Monday, July 23. Members will contact residents at their homes between 4 and 9 p.m.Local officials want residents to know the efforts of the group are legitimate.last_img