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State Budgets

A collection of news and information related to State Budgets published by this site and its partners.

Top State Budgets Articles

Displaying items 1-11
  • Revamping California's tax code

    Revamping California's tax code
    The California tax code is like a handyman's rickety stepladder, as untrustworthy as it is essential. It's also proving to be hard to fix. Two blue-ribbon commissions have proposed sweeping reforms to shore up the tax code's weaknesses in recent years,...
  • The risks of too much caution in setting California's budget

    Like Gov. Jerry Brown, California lawmakers expect the state to collect much more in taxes in the coming fiscal year than Brown predicted in January, when he first proposed a budget for 2015-16. The key question now, though, is how much more revenue...
  • Proposition 1, a water bond measure, passes

    Proposition 1, a water bond measure, passes
    Proposition 1 has passed, AP reports. It authorizes state officials to borrow $7.12 billion and repurpose $425 million in bonds approved earlier to pay for new water projects. The measure includes $2.7 billion for storage projects, such as dams; $800...
  • Californians OK Proposition 2, on rainy day fund

    Californians OK Proposition 2, on rainy day fund
    Proposition 2, to strengthen California's rainy day fund, has passed, AP reports. A constitutional amendment with bipartisan support, the measure was placed on the ballot by the Legislature and Gov. Jerry Brown. Under the measure, state officials will...
  • Democrat John Chiang elected California treasurer, AP reports

    Democrat John Chiang elected California treasurer, AP reports
    Democrat John Chiang has won the contest for California treasurer, defeating Republican Greg Conlon. The treasurer is responsible for managing the state's debt, such as selling bonds that fund major projects.  The campaign was one of the quietest...
  • Gas tax, gambling, still broke [Editorial]

    A tax on gasoline went into effect in Harford County and across Maryland on Monday, adding about 4 cents to the cost of a gallon. Next year, that will increase again, and the same thing will happen the following year, then in 2016, the final increase in...
  • Hollywood's new financiers make deals with state tax credits

    Hollywood's new financiers make deals with state tax credits
    ATLANTA — Ric Reitz makes movies. He helped bankroll the Matt Damon thriller "Contagion," Clint Eastwood's "Trouble With the Curve" and the Robert Downey comedy "Due Date." Reitz, an energetic 58-year-old, doesn't hang out at the Polo Lounge, red-...
  • Tax system desperately needs retooling

    Tax system desperately needs retooling
    SACRAMENTO—Gov. Jerry Brown's proposed rainy-day reserve is better than nothing, but it falls far short of what the state really needs to fix its cockeyed tax system. The governor is attempting to treat the symptoms of revenue instability rather...
  • Malloy Forced To Shift From Rebate To Reality

    The end of the legislative session has featured an unusual amount of gear-shifting by the state's leading policy-makers. The most notable came last week when reality forced Gov. Dannel P. Malloy to abandon his $55-a-person income tax refund under pressure...
  • Keep tax hike or face stark cuts, Quinn says

    Keep tax hike or face stark cuts, Quinn says
    Gov. Pat Quinn and ruling Democratic lawmakers united Wednesday around what they say is a stark election-year choice — vote now to make permanent the temporary income tax increase they installed three years ago or face major cuts in state spending...
  • The $431 million payoff [Editorial]

    The $431 million payoff  [Editorial]
    The number of jobs in Maryland decreased by 9,800 in January. The statewide unemployment rate remains high at around 6 percent (compared to 3.6 percent at the start of 2008), and projected state tax revenues have recently been adjusted downward by $238...