accountissued last week. We are seeing the worst numbers and indicators that weve ever seen in terms of state fiscal...
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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.
say they expect to do the same in 2010, Scott Pattison , executive director of the National Association of State Budget...
Government would construct a community hall for the pilgrims. Chief Minister B.S. Yeddyurappa had announced in the...
Budget cuts to public health programs in Massachusetts were not nearly as deep as some advocates had feared, but...
more specific breakdown of how casino revenue would be allocated to the horse industry, which has suffered under state...
Michigan Gov. Jennifer Granholm talks about school funding cuts along with state budget director Bob Emerson, left,...
The time might be right for a new federal initiative on internet sales. In this entry, I propose that a 10% federal...
Arizona officials say they plan to offer securities to individuals and institutional investors to ease the state's...
were "embarrassing themselves" and called on them to "grow up" and accept his plan for $3 billion...
funding. Quon and district representatives will present the steps the district is taking to deal with the ongoing state...
the plan's $276 billion direct spending component. One of the largest portions of that component -- a state fiscal...
A radio station had a different sound Monday because of the new state budget. The state spending plan the governor...
New York State’s income tax revenue has dropped 36 percent from the same period in 2008, Governor David Paterson said,...
Two years ago, after another brief and embarrassing shutdown, Speaker of the House Andy Dillon, a Democrat, and Senate...
Gov. David Paterson fancies himself a financial doomsayer -- the man with the intestinal fortitude to stand up and...
Gov. David Paterson warned Monday that the state budget deficit grew by $83 million a day last year over eight months.
to 6 percent, also effective Thursday. The Legislature approved the local-option taxes as part of the fiscal 2010 state...
Tax Foundation National Press Building 529 14th Street, NW Suite 420 Washington, DC 20045-1000 202.464.
Fiscal Survey of the States
Projected State Budget Deficits for Fiscal Year 2010
(BUSINESS WIRE) -- Fitch Ratings has assigned an 'AA+' rating to the state of Florida's $164,215,000 full faith and...
layoffs. 'Usually budget deals are negotiated,' said Nick Johnson, director of the Center on Budget and Policy...
layoffs. 'Usually budget deals are negotiated,' said Nick Johnson, director of the Center on Budget and Policy...
read a newspaper article online that hit him hard. The Hawaii High School Athletic Association, walloped by recent...
Crunch time is still to come for the states, said Jon Shure, the deputy director of the centers state fiscal project
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