accountmost of the sales taxes they collect to repay the loan, rather than contributing the money to the state budget.
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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.
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Thursday, which is striking given the tight deadline lawmakers are on to decide a major chunk of the state budget.
appreciation. ���Extreme opposites politically,��� they are the characters and concerns for the common good to craft a...
Board of Governors typically sets tuition and fee rates in July, after the State Legislature has determined the state...
negotiators try to hammer out agreements with the Senate.The regular session adjourned last Friday without a final...
originally funded largely by Microsoft(MSFT) co-founder Paul Allen, who donated $25 million to the project.
HARTFORD, Conn. -- Connecticut's governor and legislature took time off from debating the state's budget to cheer...
CHICAGO?Illinois Comptroller Judy Baar Topinka warned Wednesday that the state is on track to end its fiscal year June...
we applauded Lt. Gov. Dewhurst and the Senate finance Committee for their valiant attempt to write the best state...
VINELAND, N.J. - The Rev. Al Sharpton accused Gov. Christie on Tuesday of balancing the state budget on the backs of...
Medicaid in Florida has grown to $21 billion from $9 billion, which amounts to a third of the state budget.
running perilously close to the edge on its funding. A GOP successor, Gov. Corbett, has proposed an austere state...
the National Association of State Retirement Administrators, the National Conference of State Legislatures and the...
most in need at levels never seen before, Premier Colin Barnett says. Mr Barnett will hand down the state budget on May...
As state spending on government retirement benefits surges higher, momentum in Albany behind a more permanent plan to...
are returning to Olympia Tuesday to begin a special session with the aim of finishing work on the state budget
Lawmakers were back in Olympia on Tuesday to resume work on closing a $5.1 billion shortfall in the next two-year...
cuts came into effect in December as President Mahmoud Ahmadinejad moved to reduce the massive drain on the state...
State Sen. Rodney Ellis, D-Houston, is vowing to preserve the state sales tax "holiday" if the Legislature...
Wash. ? Washington State University will increase enrollment this fall so that additional tuition can make up for state...
Only about 17% of the state's 4-year-olds attend state-funded schools, a national report says, and budget cuts could...
Part of a continuing series -- A reader from Mount Pleasant, Texas, writes in to suggest that all state agencies take a...
talk about their concerns and listen to the public as they work on a new two-year, $28 billion state budget.
When he signed a set of bills last month to begin chopping away at the state's budget deficit, Gov. Jerry Brown gave...
R-Melbourne) and Florida House Speaker Dean Cannon (R-Winter Park) today announced an agreement on allocations for the...
Top Sources: State Budget Deficits
- bloomberg.com
- ihavenet.com
- money.cnn.com
- BusinessWeek
- statesmanjournal.com
- publicpolicydialogue.blogspot.com
- CNN Money
- trendpov.com
- tanmaygopal.blogspot.com
- Wall Street Journal Online
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Vice President, State Government Affairs for Louisiana, Mississippi and Alabama - Based
UnitedHealth Group
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Baton Rouge, LA
Posted: May 25
DIVISION ADMINISTRATOR #190 BUDGET & FINANCIAL MANAGEMENT
Illinois State Board of Education
|
Illinois
Posted: May 25