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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 12-22
  • Consumer advocates shifting focus to foreclosure's aftermath

    Consumer advocates shifting focus to foreclosure's aftermath
    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...
  • Madigan proposes cutting business income tax in half

    Madigan proposes cutting business income tax in half
    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...
  • The reason for California's tax volatility: We soak the rich

    The reason for California's tax volatility: We soak the rich
    The numbers are in, and they're eye-catching: Gov. Jerry Brown's "soak the rich" tax increase really did drench them. And it made California's harmful tax volatility that the governor regularly rails about even worse. Tax volatility — the...
  • Business as usual for Jerry Brown the day after primary victory

    Business as usual for Jerry Brown the day after primary victory
    The morning after taking a major step toward an unprecedented fourth term, Gov. Jerry Brown held no public events, nor did he rally with other Democratic candidates before a bank of cameras. Instead, Brown went to his office Wednesday morning and worked...
  • Digging a pension hole

    Digging a pension hole
    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...
  • Vacant city houses get property tax break meant for owner-occupied homes

    Vacant city houses get property tax break meant for owner-occupied homes
    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...
  • O'Malley puts tax increases on the table for 2012 legislature

    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...
  • Higher taxes will hurt Maryland jobs

    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...
  • Obama fundraiser linked to loan program that aided Solyndra

    Obama fundraiser linked to loan program that aided Solyndra
    The White House faced mounting political complications as a second top fundraiser for President Obama was linked to a federal loan guarantee program that backed a now-bankrupt Silicon Valley solar energy company, and as two California lawmakers called for...
  • Assembly fails to pass tax bill, adopts 'Doomsday' budget

    Assembly fails to pass tax bill, adopts 'Doomsday' budget
    The Maryland General Assembly's regular 90-day session ended in disarray Monday at midnight as legislators failed to approve an income tax measure to which their leaders had agreed. The lack of action meant that a so-called "doomsday" budget —...
  • A tough budget

    A tough budget
    Gov. Martin O'Malley today submitted what is likely to be among the most controversial budget proposals in his two terms in office. Faced with a $1 billion gap between projected spending and revenues, and committed to a goal of finding real solutions to...