• Headlines: Alaska

    Gov. Parnell proposes $12.4 billion Alaska budget

    The Anchorage Daily News | by Becky Bohrer | December 13, 2013

    Alaska Gov. Sean Parnell proposed a $12.4 billion state budget for next year that would require using $1.1 billion in savings to balance before legislators get to work on it.

  • Headlines: Wisconsin

    Scott Walker: State budget deficit drops 23% under strict accounting rules

    The Milwaukee Journal Sentinel | by Jason Stein | December 12, 2013

    The report cites the Generally Accepted Accounting Principles, or GAAP, used by publicly traded companies. Those principles demand that the state put liabilities on its books as soon as it makes a hard commitment to spend rather than waiting until the money is actually spent.

  • Headlines: California

    Calif. Assembly Democrats urge $8B budget reserve

    Businessweek | by Don Thompson | December 12, 2013

    California Assembly Speaker John Perez pledged Wednesday to cautiously begin restoring funding to some social programs that were slashed during the recession and said lawmakers will ask voters to approve a revised rainy day fund on the November 2014 ballot.

  • Headlines: Alaska, North Dakota, Texas, Wyoming

    Energy states have the biggest budget cushions

    The Washington Post | by Niraj Chokshi | December 12, 2013

    Every single state ended the 2013 fiscal year with spare cash, but the ones with the biggest relative stockpiles also happened to be big energy producers.

  • Headlines: Maine

    Democrats planning to circumvent LePage, craft their own state budget

    The Bangor Daily News | by Christopher Cousins | December 12, 2013

    Gov. Paul LePage's refusal to submit a budget revision bill this fiscal year has spurred Democrats in the Legislature to take the lead in crafting a supplemental budget, something that hasn't happened in Maine in recent memory.

  • Headlines

    Public pension cuts seem here to stay

    BenefitsPro | by Steven Lang | December 12, 2013

    One needs look no further than Wall Street. Early signs indicate at least some are just fine with this plan to ease municipal financial pain.

  • Headlines

    Though Revenue Growth Is Slowing, States See More Budget Stability, Report Finds

    The New York Times | by Rick Lyman | December 11, 2013

    The federal cuts known as sequestration and the partial government shutdown added uncertainty to budget projections, he said, as did soft consumer spending.

  • Headlines: Illinois

    S&P improves Illinois' rating outlook due to pension reform

    The Chicago Tribune | December 11, 2013

    Standard & Poor's Ratings Services revised the outlook on Illinois' A-minus credit rating to developing from negative due to the state's passage of long-awaited pension reform last week.

  • Headlines

    The good, bad and ugly of the state revenue recovery

    The Washington Post | by Niraj Chokshi | December 11, 2013

    The acceleration of the state revenue recovery may be over as quickly as it began.

  • Headlines: New Mexico

    NM revenues up $84M in current budget year

    Businessweek | by Barry Massey | December 10, 2013

    New Mexico expects strong enough revenue growth to allow for a possible 5 percent budget increase next year for public education and other government programs.

  • Headlines: Illinois

    Pension crisis endangers Chicago's future

    The State Journal-Register | by Sara Burnett | December 10, 2013

    The economic capital of Illinois and the Midwest, Chicago holds the dubious distinction of having the worst-funded public pension system of any major U.S. city.

  • Headlines: Kentucky

    More cuts in next state budget?

    The Louisville Courier-Journal | by Tom Loftus | December 10, 2013

    The basic outlook for the 2014-16 state budget means more spending cuts are on the table as Gov. Steve Beshear and his staff draft the state spending plan that the governor will propose to the General Assembly next month.

  • Headlines: Hawaii

    Abercrombie announces $1.1B fiscal turn-around since 2011 | December 9, 2013

    Gov. Neil Abercrombie announced Friday that the State of Hawaii ended fiscal year 2013 with a positive fund balance of $844 million.

  • Headlines: Louisiana

    Analysis: Amnesty helps Louisiana balance its budget - for now

    The Shreveport Times | by Melinda DeSlatte | December 9, 2013

    Louisiana lawmakers and Gov. Bobby Jindal's administration shared a collective sigh of relief with the news that their state's tax amnesty program brought in the $200 million they used to help balance this year's budget.

  • Headlines: Illinois

    Pension reform legal fight slow, uncertain

    The Bloomington Pantagraph | by Kurt Erickson | December 9, 2013

    It easily could be 2016 before Illinoisans know whether new changes to the state's pension systems are legal, a University of Illinois law professor said.

  • Headlines: North Carolina

    State income taxes will drop, but new paperwork confuses some

    News & Observer | by David Ranii and Virginia Bridges | December 9, 2013

    The most significant overhaul of North Carolina tax law in a generation takes effect in a few weeks, ushering in sweeping changes that include more take-home pay and a broader sales tax that includes movie and concert tickets.

  • Headlines: Florida

    State revenue projected to grow nearly 5 percent | by Travis Pillow | December 9, 2013

    Nearly 5 percent increase expected in latest estimate.

  • Headlines: Illinois

    State income tax hike doesn't look so temporary now

    The Chicago Tribune | by Ray Long | December 7, 2013

    State income tax hike doesn't look so temporary now, pension overhaul seen as having little effect.

  • Headlines: Minnesota

    Dayton: If budget surplus holds, I want to cut taxes

    The Minneapolis Star Tribune | by Baird Helgeson and Rachel E. Stassen-Berger | December 6, 2013

    Gov. Mark Dayton said that he will not make any final decisions until he sees an updated forecast next year but if the state has extra money, he wants to cut new business to business taxes and give the middle class a tax break.

  • Headlines: Illinois

    Quinn signs Illinois pension bill

    The Chicago Tribune | December 6, 2013

    Gov. Pat Quinn offered a simple signing statement on the pension measure saying "Illinois is moving forward" and calling the law "a serious solution to the most dire fiscal challenge of our time."

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