| May 30, 2011
| 8:04 PM
Orlando-based Darden Restaurants has cut its corporate taxes in some states by renting restaurants from itself, using a strategy that has led to challenges and millions of dollars in back taxes for some other big companies.
The owner of chains...
| Jun 2, 2011
| 7:18 PM
My sister was wearing her "I love Costa Mesa" pin on our trip up the Central Coast.
"What's so great about Costa Mesa?" a proprietor of one of the region's wineries asked her.
That's the wrong question to ask my sister.
She leaned across the counter...
| Sep 16, 2011
| 7:59 PM
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...
| Apr 9, 2012
| 10:31 PM
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 —...
| Jan 18, 2012
| 1:46 PM
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...
| Jan 24, 2012
| 1:20 PM
With tax collections lagging and the state teetering on a deficit, Gov. Dannel P. Malloy is enacting more than $78 million in budget cuts to keep the state in the black.
The cuts, known at the state Capitol as rescissions, are hitting virtually every...
| Nov 29, 2011
| 1:01 PM
With the largest tax increase in Connecticut history kicking in, the state is projected to generate a surplus of more than $100 million in the current fiscal year - finally pushing the state into the black.
While the number might seem surprising after...
| Nov 30, 2011
| 9:04 AM
Maryland Business for Responsive Government this week slammed the state government for its profligacy based on a new report from the National Governors Association and the National Association of State Budget Officers showing Maryland has the largest...
| 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...
| Jan 25, 2012
| 5:51 PM
In more bad financial news for the state, the legislature's nonpartisan fiscal office now says the state budget deficit has grown to a projected $144.5 million.
The Office of Fiscal Analysis released new numbers Wednesday night that say the state is...
| Jan 30, 2012
| 5:14 PM
Three Chicago firms, including one that secured a major state tax break with Mayor Rahm Emanuel’s support, are giving back $34 million in taxpayer funds, administration officials said Monday.
CME Group, the financial exchanges giant that will...