accountBy On May 11, when Wisconsin's State Budget Office announced that two-year tax revenue would be $636 million more than...
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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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Recent news on this topic.
OLYMPIA, Wash. ? A policy bill is stalling final passage of Washington state's budget just hours before the end of a...
at a slower pace in 2009 than at any other time in more than a decade, amid deepening state fiscal woes and flatter tax...
Extract not available.
WASHINGTON (MarketWatch) A Wisconsin judge on Thursday struck down a controversial law that would have taken away...
Gov. Andrew Cuomo and the Legislature have already adopted a state budget that drastically cuts funds to schools and...
of 1,196 registered voters shows. Scott's job-performance numbers mirror public sentiment about the $69.
May 25 (Bloomberg) -- Sweden plans to give Mozambique $110 million to help fund its 2011 state budget, Radio Mozambique...
crying are Washington parents who plan to send their children to college over the next few years. The state budget deal...
North/ STATE BUDGET Q20 PnHnd Bay Cntrl SthW SthE Fair Unfair Approve 34% 28% 34% 36% 19% 64% 10% Disapprove 54 63 53...
lower the state's debt limit. The Senate is expected to take a final vote Wednesday on a state budget that will slash...
hours of a 30-day special session. The Senate is expected to take a final vote Wednesday on a state budget that will...
The group Florida Tax Watch says lawmakers in Tallahassee have filled the budget with $203 million worth of projects...
is not clear whether Mr. Christie will agree to spend that additional sum on schools, increasing the overall state...
I am realistic enough to recognize that costs do go up and that you can't build and maintain our highways without...
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In Olympia, votes for the state budget have been tied to legislation changing the state workers' compensation system,...
Land of Enchantment. As Ms Dalmia relates:�� Johnson cut in half the 10 percent annual growth his state budget had been...
AUSTIN ? The severe drought across Texas apparently hasn't made it dry enough for lawmakers to pour billions of dollars...
is a watershed in terms of Christie���s plans and what he can do in terms of the state budget,��� she said.
quality of our schools, particularly after the governor pushed through $1.3 billion in classroom cuts in the state...
during a trip to California last June, has made ���modernization��� a priority of his administration. About half of...
TALLAHASSEE, Fla. -- Florida TaxWatch has found 105 'turkeys' worth $203 million in the state budget awaiting action by...
during a trip to California last June, has made ���modernization��� a priority of his administration. About half of...
s biggest miners. The federal government has warned WA that it will be worse off financially following a state budget...
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
|
Baton Rouge, LA
Posted: May 25
DIVISION ADMINISTRATOR #190 BUDGET & FINANCIAL MANAGEMENT
Illinois State Board of Education
|
Illinois
Posted: May 25