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Budget Shortfall

Don't Call It a Comeback... Yet

Emily J. Miller | Posted 04.08.2014 | Chicago
Emily J. Miller

The looming revenue collapse -- the one that will take place automatically at midnight on January 1, 2015 -- will reverse any progress we've made, and will plunge Illinois deeper into its hole.

Facebook Getting A Huge Tax Break, Despite Big Profits: Report

The Huffington Post | Alexander Eichler | Posted 02.13.2012 | Business

Facebook's recent decision to go public may be a boon for the company in more ways than one. Facebook is structuring its initial public offering i...

Corporate Taxes As Percentage Of Profits Now Lowest In Decades

The Huffington Post | Alexander Eichler | Posted 02.03.2012 | Business

As a percentage of ever-growing profits, corporations are paying less in taxes than they have in decades. Thanks in part to federal tax breaks, cor...

Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

Alexander Eichler | Posted 01.10.2012 | Business

At a time when the federal government is starved for cash -- and facing layoffs and cuts in services across the board -- more and more corporations ar...

Can YOU Fix Cook County's Deficit?

The Huffington Post | Lizzie Schiffman | Posted 10.09.2011 | Chicago

How would you fix Cook County’s $315 million budget shortfall? An interactive “Budget” section launched Tuesday on the Cook County government we...

Boulder Residents' Water Conservation Leads To Budget Shortfall

Boulder Daily Camera | Heath Urie | Posted 05.25.2011 | Denver

Boulder residents are conserving water at rates not seen since the early 1980s, according to utility officials, but that green achievement has left a ...

Mayors Use State-of-the-Village Addresses to Lay Out Common Vision: Hang On for Dear Life!

David Murray | Posted 05.25.2011 | Chicago
David Murray

Woodridge, Ill. Mayor William Murphy declared the coming year would be focused on "our core services." Kind of like the functioning of a human being with mild hypothermia.

Rep.Rep. Kent Lambert: Colorado Should Stockpile Precious Metals

Colorado Springs Gazette | Tom Roeder | Posted 05.25.2011 | Denver

At hearing Tuesday in Denver, a General Assembly committee will debate a plan by a Colorado Springs Republican to plow the state's savings account int...

The MTA $200 Million Shortfall: Where Did All of the Money Go?

Daniel Goldstein | Posted 05.25.2011 | New York
Daniel Goldstein

MTA revenue is $200 million short in its 2009 budget. How could that be, where did that shortfall come from? The answer lies in simple math...

Little Support for Uncomfortable Remedies for California Budget Woes

Byron Williams | Posted 05.25.2011 | Politics
Byron Williams

With its constitutionally-mandated spending of 60 percent of the state's General Fund, lawmakers in California fight over the remaining 40 percent using a diminishing set of gimmicks to tout a budget deal.