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  • Headlines: Illinois

    Votes not there yet on extending state tax hike

    Crain's Chicago Business | May 22, 2014

    Illinois Gov. Pat Quinn tried yesterday to persuade House Democrats to extend the state's temporary income tax increase to avoid what he says would be "savage" budget cuts, but he emerged from a roughly three-hour meeting with lawmakers still well short of the votes he needs for approval.

  • Headlines: Oklahoma

    Oklahoma Senate approves $7.1B state budget bill

    Businessweek | by Sean Murphy | May 21, 2014

    The bill would appropriate about $102 million less than the current budget, but would still boost funding for public schools by $80 million.

  • Headlines: Louisiana

    Proposal seeks to plug holes in state budget

    The Shreveport Times | by Mike Hasten | May 21, 2014

    Spending needs have changed since Louisiana's 2013-14 budget was adopted a year ago, leaving holes in the plan, and some things ended up being overfunded, providing money to plug those holes.

  • Headlines: Massachusetts

    Massachusetts tax collections beat estimates, state budget 'in good shape,' Deval Patrick's finance director says

    MassLive.com | May 21, 2014

    Gov. Deval Patrick's proposed fiscal 2015 budget totals $36.37 billion, a 4.9 percent increase in spending.

  • Headlines: New Jersey

    Chris Christie to reduce pension payments to balance NJ budget

    NJ.com | by Salvador Rizzo | May 21, 2014

    In a stunning reversal, Gov. Chris Christie today announced plans to grab, over two years, $2.43 billion meant for public workers' pensions to balance New Jersey's ailing state budget.

  • Headlines: Florida

    Scott receives state budget, but most bills haven't reached desk

    The Tampa Bay Times | by Steve Bousquet | May 20, 2014

    A light touch will be welcomed by lawmakers but not by fiscal conservatives.

  • Headlines

    Revenues in half the states still haven't recovered

    The Washington Post | by Niraj Chokshi | May 20, 2014

    In 26 states, revenues today are lower than they were at their early-recession peak, according to a new Pew analysis.

  • Headlines: Virginia

    McAuliffe says state faces possible $300M shortfall

    Virginian-Pilot | by Julian Walker | May 20, 2014

    Virginia's protracted budget dispute has taken a surprising turn for the worse. New tax data suggests a $300 million shortfall this fiscal year, and that could compel fractious legislators to redouble efforts to find an elusive compromise.

  • Headlines: Kentucky

    Fitch: Kentucky pension is the country's worst

    Louisville Business First | May 20, 2014

    The non-hazardous pension under the Kentucky Employee Retirement System has about 25 percent of the money it would need to cover obligations to retirees.

  • Headlines: Alabama

    Without changes, Alabama's pension funds could run dry within decade, study warns

    AL.com | by Brendan Kirby | May 20, 2014

    Alabama's state pension funds could run out of money within a decade if lawmakers do not address a looming shortfall, a new study from Troy University's free market think tank warns.

  • Headlines: North Carolina

    Legislators dig in to McCrory budget proposal

    The State | by Lynn Bonner | May 19, 2014

    The state Senate is diving into the details of North Carolina Gov. Pat McCrory's proposed $21 billion budget and will put out its own version in two or three weeks.

  • Headlines: New Jersey

    Budget shortfall puts N.J. in a tough spot

    Philly.com | by Maddie Hanna | May 19, 2014

    With a budget time bomb ticking down and just six weeks left on the clock to find $800 million in revenue, state officials are warning of very tough choices that could affect payments to schools, hospitals, and the state pension system.

  • Headlines: Oklahoma

    Oklahoma state budget deal: Thousands of workers to get a pay raise for first time in years

    NewsOK.com | by Rick Green | May 19, 2014

    Budget deal includes pay raises for thousands of troopers, prison guards child welfare workers and other state employees, and a plan to fix crumbling Oklahoma Capitol.

  • Headlines: Pennsylvania

    State budget pressures revive talk of shale gas tax

    WITF.com | May 16, 2014

    Governor Corbett's longstanding opposition to an extraction tax on natural gas in Pennsylvania is running up against the reality of weak state revenue collections and election-year spending pressures.

  • Headlines: Vermont

    Legislative wrap: State budget grows by 4.1 percent

    VT Digger | by Hilary Niles | May 16, 2014

    The $5.5 billion price tag is about 4.1 percent more than the current year, which ends June 30.

  • Headlines: New Mexico

    NM's revenue from feds tenth highest among states, study says

    Albuquerque Business First | by Dennis Domrzalski | May 16, 2014

    New Mexico state government got 37.9 percent of its revenue from the federal government in FY12.

  • Headlines: Illinois

    AG Madigan defends state pension law

    The Chicago Tribune | by Rick Pearson | May 16, 2014

    Illinois Attorney General Lisa Madigan filed the state's first response to a series of challenges to the new law aimed at resolving the state's government worker pension debt, arguing that changes in retirement benefits were a "valid exercise" of the state's authority.

  • Headlines: North Carolina

    McCrory unveils $21B NC budget for next year

    The News & Observer | May 15, 2014

    The Republican governor said what's still included is the signature piece of his plan he announced last week- raises for public school teachers and almost all state employees.

  • Headlines: Illinois

    Madigan: Pass budget now, round up tax hike votes later

    The Chicago Tribune | by Monique Garcia and Ray Long | May 15, 2014

    Illinois Democrats are taking a spend first, find-the-money-later approach as they craft a new state budget.

  • Headlines

    Fitch: State pension plans' funding climbs in 2013 despite low contributions

    Pensions & Investments | by Rob Kozlowski | May 15, 2014

    While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.


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