| 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 13, 2011
| 7:39 PM
It's time to hear what you guys have to say — about everything from big payouts at the Sanford airport to shoddy treatment of veterans. Plus, we have an abundance of strange and funny notes from confused readers.
Mr. Maxwell: I want to ask you...
| 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...
| 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...
| 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...