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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. This topic contains 711 news and 1,232 blog items. Read updated news, blogs, and resources about State Budget Deficits. Find user-submitted articles and reactions on State Budget Deficits from like-minded professionals.

News

Recent news on this topic.

Sule defends Ajit Pawarmore

criticised. Opposition is always against the government." The conflict with Pawar was triggered during the...

Video: Will more budgets follow in Wisconsin���s footsteps?more

The Cook Report���s Charlie Cook and msnbc political analyst Eugene Robinson talk about the state budget crises...

Mayor in a stew over state budgetmore

While the state budget agreement reached Sunday has Albany lawmakers dancing in the halls of the Capitol, Mayor Michael...

NY Set to Cut Spendingmore

Gov. Cuomo is sealing a deal with lawmakers on a tentative state budget that would be historic for its spending cuts...

What you won't see in New York's budgetmore

Gov. Andrew Cuomo and top New York legislators reached an aggreement on the 2011-2012 state budget late Sunday.

City Room: State Budget Deal Is an ���Outrage,��� Bloomberg Saysmore

on Monday dismissed the budget agreement reached in Albany over the weekend as an ���outrage,��� saying that it was...

Even Bill says somore

PERHAPS state budget get so ���little scrutiny��� because they are so boring, said Bill Gates in his speech at TED , a...

State Budget Deal Is an ���Outrage,��� Bloomberg Saysmore

Mayor Michael R. Bloomberg on Monday dismissed the budget agreement reached in Albany over the weekend as an...

Looking for leadership on the state budget? Move to New Jerseymore

It is difficult for me to decide what approach to Maryland's budget morass is worthy of more derision: the histrionics...

Gov. Cuomo Feels 'Euphoria,' 'Love' After Dealmore

New York governor Andrew Cuomo is sealing a deal with lawmakers on a tentative state budget that would be historic for...

Cuomo, Legislature Strike Budget Dealmore

about $20 billion. But for school districts that relied on federal stimulus dollars, which have dried up, the state...

Gov. Cuomo, Legislature Agree on Budgetmore

An agreement reached between Gov. Andrew Cuomo and New York state lawmakers suggests that a state budget may pass...

Cuomo, New York Lawmakers Reach Deal Closing $10 Billion Gapmore

Bloomberg LP, owner of Bloomberg News. Medicaid and aid to local schools, the two biggest parts of the state budget,...

N.Y. governor, legislature agree on state budgetmore

$10 billion deficit would be closed without new taxes Spending would be cut by 2% Education, human services,...

NY gov, lawmakers agree to tentative $133B budgetmore

Gov. Andrew Cuomo said the tentative $132.5 billion state budget deal he struck with legislative leaders Sunday was...

Gov. Cuomo seals deal with Legislature on tentative state budgetmore

ALBANY, N.Y. Gov. Andrew Cuomo is sealing a deal with the Legislature on a tentative state budget that would be...

NY governor, Legislature agree to tentative budgetmore

ALBANY, N.Y. -- Gov. Andrew Cuomo is sealing a deal with the Legislature on a tentative state budget that would be...

A Place to Connectmore

Beach, Queens, is one of 105�� senior centers that New York City recently marked for closing because of state budget...

They���re New, They���re Conservative, and They Say They���re Here to ...more

quietly and deferentially exercising some clout on the only piece of legislation that absolutely has to pass: the state...

Private liquor sales pitched as way to help state budgetmore

Costco is making another run at getting the state out of the liquor business after failing at the polls with Initiative...

New LIFO for seniority rulemore

LIFO lives on -- for now. The new state budget being crafted by Gov. Cuomo and the Legislature omits Mayor Bloomberg's...

Prison-guard safety bill would add $11 million to state budgetmore

A bill requested by Gov. Chris Gregoire that would enhance safety for state prison guards will cost an additional $11...

The Price of Taxing the Richmore

s wealth "translates into a high ability to pay taxes but might also contribute to potential revenue volatility.

Cuomo and Lawmakers Flirt With Budget Agreementmore

? Gov. Andrew M. Cuomo and the leaders of the State Legislature flirted with an agreement on the state budget on...

Alone, Togethermore

squat one-story brick building, was one of 105 senior centers that the city marked for closing because of state budget...

Top Sources: State Budget Deficits

  • bloomberg.com
  • ihavenet.com
  • money.cnn.com
  • BusinessWeek
  • statesmanjournal.com
  • publicpolicydialogue.blogspot.com
  • CNN Money
  • Wall Street Journal Online
  • trendpov.com
  • tanmaygopal.blogspot.com

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