| Jan 10, 2011
| 10:41 PM
SPRINGFIELD -- Illinois Democrats are scaling back a major income tax increase as they search for votes in a frantic, last-ditch effort to deal with the state's crippling budget crisis.
After rank-and-file lawmakers balked at a 75 percent hike in the...
| Jan 13, 2011
| 6:51 AM
While most Illinois taxpayers were asleep early Wednesday, their wallets and bank accounts were being lightened by Illinois lawmakers desperate for more revenue to ease a crushing state financial crisis.
The morning-after reality was this: The state...
| Jan 13, 2011
| 10:01 AM
Calls for billions in cuts to programs and services and for continuing temporary tax hikes aren't the only reasons Gov. Jerry Brown's state budget proposal was turning heads Monday.
Brown's plan also calls for a reorganization of the state bureaucracy...
| Jan 15, 2011
A major source of funds for city services would be diverted to state coffers under a proposal Gov. Jerry Brown unveiled this week as part of his effort to slash a $28-billion state deficit.
Brown's budget calls for the Burbank Redevelopment Agency and...
| Jan 16, 2011
| 1:45 PM
Question: I retired from Lockheed Martin this year, I am older than 55 but younger than 59 1/2. Can I make withdrawals from my 401(k) that are not equal periodic payments without paying a 10 percent penalty? — J. V., Orlando z Answer: You can avoid...
| Jan 22, 2011
CITY HALL — The City Council acted quickly Friday to protect local redevelopment revenue from being rerouted to Sacramento as part of Gov. Jerry Brown's budget proposal.
Faced with another massive state budget deficit, Brown's budget proposes to...
| Jan 25, 2011
| 5:07 PM
HARTFORD — Gov. Dannel P. Malloy said Tuesday that the state budget he unveils next month will fully fund state pensions and not rely on borrowing money to pay operating expenses — two departures from recent years.
He also said he would steer...
| 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...