accountin June. Officials warned this may not end job losses for the nation's sixth largest school district. State budget cuts...
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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.
Budget and Tax Policy Institute is a nonpartisan research organization that provides timely, accurate and accessible...
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the $6 billion figure," Mr Fraser said. Mr Fraser said the cost will put constraints on the state budget, due in...
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governor sought to include the extension of rent regulations and a limit on local property taxes in the state budget.
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reserves. The third tranche, planned for March, is being delayed as the IMF expects Ukraine to reduce its state budget...
Kevork Djansezian/ Teachers, students and parents protesting state budget cuts in Los Angeles on May 13.
of general- obligation debt in the fall and spring, as well as $2 billion of lease-revenue bonds, the state budget...
should cut California's 2011-2012 deficit by $15.8 billion, Gov. Jerry Brown said Monday in a revised state budget.
and Parliamentary Affairs S. Suresh Kumar said the Cabinet felt that the session was necessary to pass the State Budget.
of general- obligation debt in the fall and spring, as well as $2 billion of lease-revenue bonds, the state budget...
NEW YORK (CNNMoney) - California Governor Jerry Brown unveiled a revised budget Monday that calls for a $9.
but to put our finances in order,��� Brown said. ���That���s what this May revision intends to do.��� State Budget...
Forest Grove, Ore. IN a letter to the New York State Legislature last month, top business executives endorsed same-sex...
Forest Grove, Ore. IN a letter to the New York State Legislature last month, top business executives endorsed same-sex...
Students need every incentive to excel and fund a college career in Maryland. I hope that as the state budget crisis...
and then, the rules in the House and Senate make it progressively more difficult to pass legislation. The state budget...
get ready to take a chartered bus to Pershing Square in Los Angeles to join a protest against state budget cuts in...
The administration of Gov. Jerry Brown on Friday announced that 70 of California's 278 state parks will be closed...
With layoffs looming at the L.A. Unified School District as state budget cuts come down the pike, school librarians are...
the most number of Cabinets. He has been the longest serving Minister for Law and has presented the State Budget for...
put the evaluation system into effect would be eligible for money from $500 million set aside in the state budget to...
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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