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STATE BUDGET DEFICITS
Cumulative state budget deficits for fiscal year 2009 are projected to be $168 Billion despite states having received more than $200 Billion in direct federal "stimulus" assistance. No doubt, a large portion of this shortfall (which equals 24% of expected expenditures) is caused by recession. But lots is also caused by tax policies which have often limited property taxes after voter referendum, made corporate taxes incredibly sensitive to changes in receipts or sales; and in general made state tax revenue much more sensitive to economic downturn. If companies deemed too big to fail must increase capital reserves; then the states should also be required to maintain much higher rainy day (or surplus) funds. This topic covers the latest news and information on state budget deficits.
State Budget Deficits is part of Business Exchange, suggested by
Daniel Levine.
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We talk about income taxes, tea parties and (of course) budget cuts on the Friday Roundtable. Watch it after the jump.
A new revenue forecast estimates a $70 million shortfall in the state budget year that ends June 30, meaning lawmakers...
...say, because state ... state Republican leaders postponed Saturday's budget conference
...taxes, and of course the state budget remains the ... Bill Wolfe gives us a Tax Day essay on civil disobedience, but...
...suffer under the nation's highest tax burden. Yet the tax hikes haven ... state budget to eliminate a projected $11...
...to balance the budget. A group of state fiscal analysts and economists met to revise tax revenue...
...this week passed a $17.8 billion state budget that...
Wednesday passed a $17.8 billion state budget that ... this is all very political — as political as fiscal),...
The conservative Washington Policy Center analyzes the state budget.
...service is being put at risk by state budget cuts...
...this doesn't help the overall state budget - it...
...budget and revenue structure. Unlike Remy Trupin, director of the Washington State Budget and Policy ...
...could lead to more fiscal problems down the ... for the state, a budget ... eliminate the state's portion of the...
...complete." Now, due to the state's budget crisis...
...results of the implementation of the DPRK state budget for last year and its state budget for this ...
...to $220 million shortfall in the state budget.
Thursday is the last day of the 2010 General Assembly.
...passed its 2011 budget. ... grants throughout the state
...lefty think tank Washington State Budget and Policy Center, to talk about the state budget—which ...
...of the ongoing state budget debate. Under Gov. David Paterson's budget proposal, the State University...
...with a new hospital tax and $90 million in state fee...
...for the upcoming fiscal year. The state’s budget ... State representatives say
Top Sources: State Budget Deficits
- publicpolicydialogue.blogspot.com
- coachingtip.blogs.com
- Center on Budget: Comprehensive News Feed
- Local News
- District Administration: Education News
- Lohud.com: Westchester News
- Money & Company
- MRZine.org
- AAEC - Daily Political Cartoons
- Business Standard | Economy & Policy | All
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