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  • Headlines: New York

    State Budget Talks Break Down as Deadline Nears

    Gannett | by Jon Campbell | March 24, 2014

    No one can say for sure what happened in closed-door state budget negotiations Friday morning, aside from the four men and their aides who were in the room.

    This much, however, is for certain: It didn't go well.
  • Headlines: New Jersey

    New Jersey Credit Outlook Revised to Negative by Fitch

    Bloomberg | by Romy Varghese | March 24, 2014

    New Jersey’s credit outlook was revised to negative by Fitch Ratings, which cited budget strains and ballooning retirement costs.

  • Headlines: New Mexico

    Governor wants NM to stop collecting union dues

    Associated Press | March 21, 2014

    Contract talks with state employee unions are at an impasse because New Mexico Gov. Susana Martinez wants the state to stop collecting union dues through withdrawals from employees' paychecks, the governor said.

  • Headlines: Alabama

    State budgets on hold until after spring break

    The Times Daily | March 21, 2014

    Alabama legislative leaders had hoped to complete work on the education budget before lawmakers left on spring break, but they couldn't fashion a version that had broad support. The budget will have to wait until the Legislature returns April 1.

  • Headlines: West Virginia

    Tomblin cuts $67 million from budget

    The Charleston Gazette | by Phil Kabler | March 21, 2014

    Governor uses line-item veto to trim raid of Rainy Day fund.

  • Headlines: Arizona

    GOP budget differences overblown

    AZCentral.com | by Robert Robb | March 21, 2014

    The initial differences between the budgets of Gov. Jan Brewer and Senate President Andy Biggs were always overblown. The more important story all along was how united statehouse Republicans are on the fundamental approach to the state budget.

  • New York

    Legislative leaders agree to add $500M to state budget

    The Rochester Democrat & Chronicle | by Joseph Spector | March 21, 2014

    Nearly half of the money -- $240 million -- would go toward extra aid for education, in addition to the nearly $22 billion proposed for schools by Gov. Andrew Cuomo in his budget proposal Jan. 21.

  • Headlines

    Some state pensions in dire straits

    USA Today | by Dustin Racioppi | March 21, 2014

    Not making payments to the pension funds, or only paying a portion of what an actuary has recommended, is largely what got these debt-burdened states to where they are today, experts say.

  • Headlines: Virginia

    McAuliffe 2-Year Budget to Include Push for Healthcare Expansion

    NBC29.com | March 20, 2014

    Republicans want to pass a budget without healthcare expansion, and consider the issue separately. Democrats say that's not going to happen. And both sides say they're not budging any time soon.

  • Headlines: Kentucky

    Agencies could leave pension system under Senate bill

    The Louisville Courier-Journal | by Mike Wynn | March 20, 2014

    A Senate committee on Wednesday advanced legislation that would let some public agencies withdraw from Kentucky's struggling pension system if they agree to pay off their retirement liabilities.

  • Headlines: New York

    New York state budget could overhaul existing estate tax rules

    Investment News | by Darla Mercado | March 20, 2014

    Legislators in New York this week are negotiating over Mr. Cuomo's proposed $140 billion budget for the 2014-15 fiscal year, which begins on April 1.

  • Headlines: Alabama

    Senate budget chairman Arthur Orr proposes $400 bonus for state employees

    AL.com | by Mike Cason | March 19, 2014

    The budget would spend $1.8 billion from the General Fund, a main source of state dollars for non-education agencies.

  • Headlines: Ohio

    $3 million in state budget allocated to Cincinnati Zoo

    Cincinnati.com | March 19, 2014

    The $3 million allocated to the Cincinnati Zoo and Botanical Garden in the 2014 Capital Budget will go toward the zoo's Africa project and cheetah breeding facility.

  • Headlines: California

    Reed Pulls Plug on State Pension Reform, Wins Appeal of $1 Fine

    San Jose Inside | by Jennifer Wadsworth | March 19, 2014

    After losing an appeal over ballot measure language, Mayor Chuck Reed decided to drop his 2014 state pension reform campaign and delay it to 2016.

  • Headlines

    Great Expectations: States still use unrealistic pension assumptions

    Watchdog.org | by Eric Boehm | March 19, 2014

    A recent study by the Society of Actuaries, a national industry group, concluded that states and municipalities shouldn’t use discount rates that are unlikely to be achieved.

  • Headlines: Delaware

    Lower revenue threatens Markell budget plan

    Delaware Online | by Jonathan Starkey | March 18, 2014

    State tax collections dropped $40 million below expectations, according to an advisory panel that delivered the latest projections Monday that could cause more trouble for Gov. Jack Markell as he seeks support for multiple tax increases and his broader $3.8 billion budget plan.

  • Headlines: New York

    Dueling N.Y. State budget plans give unity a try

    The Buffalo News | by Tom Precious | March 18, 2014

    Lawmakers repeated that they were "not that far apart" and stressed the importance of getting an on-time budget before the 2014 fiscal year begins April 1.

  • Headlines: Louisiana

    Louisiana state budget gaps start to come to light

    New Orleans Times-Picayune | by Julie O'Donoghue | March 18, 2014

    After a week of scrutiny, Gov. Bobby Jindal's $25 billion state spending proposal for the fiscal year beginning July 1 is beginning to show some trouble spots. Elected officials and legislative staff said that some revenue the Jindal administration had baked into the budget wasn't necessarily guaranteed to materialize, and other obvious expenses don't have any revenue assigned to them.

  • Headlines: South Dakota

    SD Legislature passes $4.3 billion state budget

    Associated Press | March 17, 2014

    The South Dakota Legislature passed a $4.3 billion spending plan Friday that gives extra state money to teachers, the state’s four technical institutes and some nursing homes and other health care facilities that serve low-income people.

     

  • Headlines: Colorado

    CO State Budget: Balancing Wants and Needs

    Public News Service | March 17, 2014

    Henry Sobanet, director of the Office of State Planning and Budgeting, said that, while things are certainly looking up in terms of state revenue, recovery won't be instantaneous, and he also said it's important the state prepare for another economic downturn in the future.

    said that, while things are certainly looking up in terms of state revenue, recovery won't be instantaneous, and he also said it's important the state prepare for another economic downturn in the future. - See more at: http://www.publicnewsservice.org/2014-03-17/civic-engagement/co-state-budget-balancing-wants-and-needs/a38145-1#sthash.9zhtuF1P.dpufsaid that, while things are certainly looking up in terms of state revenue, recovery won't be instantaneous, and he also said it's important the state prepare for another economic downturn in the future.
    said that, while things are certainly looking up in terms of state revenue, recovery won't be instantaneous, and he also said it's important the state prepare for another economic downturn in the future. - See more at: http://www.publicnewsservice.org/2014-03-17/civic-engagement/co-state-budget-balancing-wants-and-needs/a38145-1#sthash.9zhtuF1P.dpuf

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