| Jan 15, 2014
| 5:37 PM
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...
| Feb 28, 2014
| 7:42 AM
Does spending less money on state government stimulate the economy? That’s a question raised in a Los Angeles Times story Friday about states that have not restored budget cuts made during the belt-tightening of the recession.
The story focuses on...
| Feb 28, 2014
| 4:01 PM
The General Assembly will consider a handful of bills related to the mortgage crisis, but unlike in previous years, many focus on what happens to borrowers after foreclosure.
The bills — most of which would limit the risks of debt that can linger...
| Jan 30, 2014
| 6:06 PM
SPRINGFIELD — House Speaker Michael Madigan played a little role reversal Thursday, proposing to cut in half the state income tax on corporations, a move that could further frame this year’s elections along economic lines as Democrats try to...
| Dec 15, 2011
| 9:43 PM
Illinois' pension system was in precarious enough shape in 1994 that Democrats and Republicans came together to solve a crisis threatening the state's financial future.
The agreement they forged was supposed to take politics out of pension funding by...
| Jun 25, 2011
| 6:30 AM
Having just moved back to Maryland after 23 years in Dallas, I think I can bring some insight as to Texas' merits vs. Maryland. ("A Texas remedy for what ails Maryland jobs," June 22)
First, there is the myth that Texas is cheaper to live in than other...
| Aug 23, 2011
Property tax breaks meant to encourage homeownership have been awarded to 465 vacant houses in Baltimore, depriving the city of uncollected revenue in a difficult budget year and calling into question past promises from city officials to crack down on tax...
| Aug 20, 2011
| 1:29 PM
Gov. Martin O'Malley signaled that tax increases could be in the cards during next year's legislative session, though he said any state action would depend on congressional budget-cutting decisions this winter.
In a speech to local government leaders...
| Aug 26, 2011
| 5:20 AM
Your editorial advocating tax increases to fix Annapolis' job-killing spending problem once again misses the mark ("Tax increases should be on the table," Aug. 23).
Government's insistence on uncontrolled, unsustainable spending has saddled future...
| Apr 18, 2011
| 9:43 AM
For at least a decade, officials in Bell arbitrarily required some businesses to make payments to the city totaling tens of thousands of dollars annually, in at least one case threatening a business owner with closure if he failed to comply, according...
| Apr 18, 2011
| 1:00 PM
President Obama's income dropped substantially in 2010 from the previous year due to declining book sales, but he is still comfortably in the ranks of the nation's millionaires, his federal tax returns show.
The Obama family earned $1.73 million last...