| 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...
| 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...
| Feb 8, 2012
| 6:40 PM
HARTFORD — Gov.Dannel P. Malloyopened the 2012 legislative session Wednesday with plans for education reform, pension funding changes and the largest increase in funding for affordable housing since Gov. William A. O'Neill was in office more than 20...
| Oct 3, 2011
| 11:54 AM
When wealthy developer Monty Blakeman died in April, his heirs knew they would inherit his multimillion-dollar estate.
What they didn't know was that the state legislature on May 4 — only 11 days after Blakeman's death — would increase the...
| Mar 22, 2012
| 2:49 PM
As a member of the Appropriations Committee, I have been very busy working on the state budget for the last six weeks. The Minority party members of Appropriations crafted a budget plan that relies on level funding the budget based on last year's...