State Budget Crisis

States on the Ropes

Jerry Jasinowski | Posted 05.29.2012

Jerry Jasinowski

We tend to focus on federal matters but for most people the face of government is to be found in the local agencies providing basic services such as police protection, ambulance services, welfare, and medical care for the poor. This is where the erosion of public services is being felt.

Want To Avoid Student Debt? Think Twice About State Schools

The Huffington Post | Alexander Eichler | Posted 05.16.2012

Student debt weighing on your mind? You might be surprised about where the worst of it comes from. A recent Reuters analysis of student debt at var...

School District Considers Shutting Down Every Other Monday

The Huffington Post | Jillian Berman | Posted 04.19.2012

Snow days are so passé. Now it's all about budget cut days. Yes, faced with budget woes, the Burnsville School district is considering giving its ...

Most States Don't Know If Their Tax Breaks Are A Waste Of Money

AP | DAVID MERCER | Posted 04.12.2012

CHAMPAIGN, Ill. -- Most states are doing a poor job tracking whether their tax breaks for businesses are actually spurring job growth, including some ...

The Shadow Bailout: How Big Banks Bilk U.S. Towns and Taxpayers

Ellen Brown | Posted 05.26.2012

Ellen Brown

Banks and borrowers were supposed to be paying equal rates: the fat years would balance out the lean. But the Fed artificially manipulated the rates to the save the banks.

Minnesota Government Shutdown Deal Pushes Budget Problems Down The Road

AP | MARTIGA LOHN and AMY FORLITI | Posted 09.14.2011

ST. PAUL, Minn. — The abrupt agreement on a budget deal to end Minnesota's government shutdown, in which Democratic Gov. Mark Dayton dropped his...

State Budgets: The Role of the Federal Government Is Increasingly Important

Jared Bernstein | Posted 09.05.2011

Jared Bernstein

The stock market crash that precipitated the early 2000s downturn was particularly tough on high-end wealth relative to the housing bust of the Great Recession. In the latter case, you hit a lot more people in the middle class, and it weighs dramatically on local revenues.

State Budget To End In Black; $70 Million For Schools

Denver Post | Tim Hoover | Posted 08.20.2011

The state of Colorado will end the 2010-11 budget year more than $300 million in the black, triggering the release of nearly $70 million to help offse...

Small Town America Pushes Back Against Cuts To Local Services

The Wall Street Journal | Kate Linebaugh | Posted 08.08.2011

Around the country public officials are asking themselves similar questions. Plunging property-tax receipts and rising pension and health-care costs h...

Alabama County Will Put One-Third Of Workers On Unpaid Leave

Posted 08.07.2011

BIRMINGHAM - Alabama's troubled Jefferson County is to put one-third of its workers on administrative leave without pay from Monday because of a s...

Where Does the Labor Movement Go From Here?

Amy B. Dean | Posted 06.07.2011

Amy B. Dean

We must act differently, earning lasting support from the public by showing, in concrete and local fashion, how much the labor movement serves the public good.

State Budget Woes Unlikely To Be Fixed In Washington

The Huffington Post | William Alden | Posted 05.25.2011

Even as widening state budget deficits are becoming a potential stumbling block for economic recovery, Federal assistance seems unlikely. With Washin...

Wisconsin Shows Need to Move Beyond Scapegoats

Amy B. Dean | Posted 05.25.2011

Amy B. Dean

While political leaders try to find scapegoats to deflect blame for our problems, the American people are ultimately smarter than that. They want and are responsive to compelling solutions to unemployment and economic insecurity.

Restoring Economic Sovereignty: The Push for State-Owned Banks

Ellen Brown | Posted 05.25.2011

Ellen Brown

Responding to an unfilled need for credit, three states in the last month -- Oregon, Washington and Maryland -- have introduced bills for state-owned banks.

State's Budgets: You Don't Know the Worst

Mark Muro | Posted 05.25.2011

Mark Muro

States need to make the sound policy decisions necessary to putting their fiscal house back in order, or prolong over many years a world of hurt.

SEC Launches Probe Into Illinois' Underfunded Pension Plan

The Huffington Post | Lila Shapiro | Posted 05.25.2011

On Monday night, the Illinois state governor's office confirmed that the Securities and Exchange Commission has launched an investigation into public ...

Washington State Joins Movement for Public Banking

Ellen Brown | Posted 05.25.2011

Ellen Brown

Bills have been introduced in both the House and Senate of the Washington State Legislature that add Washington to the growing number of states actively moving to create public banking facilities.

New York's State Deficit Problem Solved: EBAY

Posted 05.25.2011

New York has the solution to the deficit problem: EBAY. The Daily News reported that the government made "$1.3 million last year by selling its unwan...

AP: Year Ahead Looms As Toughest Yet For State Budgets

AP | JUDY LIN and SHANNON McCAFFREY | Posted 05.25.2011

SACRAMENTO, Calif. — If 2011 is hinting at a national recovery, there is little sign of it in statehouses across the country. States that alrea...

The Fed Has Spoken: No Bailout for Main Street

Ellen Brown | Posted 05.25.2011

Ellen Brown

The credit crisis plunged state and local governments into insolvency, but the Fed has said there will be no "quantitative easing" for municipal governments. Why not?

Lesson from Arizona: Proceed with Caution

Clarissa Martinez De Castro | Posted 05.25.2011

Clarissa Martinez De Castro

As debate continues over SB 1070, the Arizona law that would essentially codify racial profiling as accepted police practice, no group is paying close...

State Budget Crisis: 46 States Facing 'Greek-Style Deficits'

bloomberg.com | Edward Robinson | Posted 05.25.2011

Even as the U.S. appears to be on the mend -- gross domestic product has climbed three straight quarters -- finances in Arizona, Illinois, New Jersey,...

The Conservative Jobs Plan: Trash Teachers, Slash Pay, Bash Public Servants

Bill Scher | Posted 05.25.2011

Bill Scher

conservatives are broadening their arguments in hopes of using today's vote to drive a wedge between the public and our public servants. And, as usual, they are relying on made up numbers and misleading rhetoric to make their flimsy case.

U.S. Cities Are Giving Away Land To Earn Money

nytimes.com | MONICA DAVEY | Posted 05.25.2011

BEATRICE, Neb. -- Around the nation, cities and towns facing grim budget circumstances are grasping at unlikely -- some would say desperate -- means t...

The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy

Ellen Brown | Posted 05.25.2011

Ellen Brown

California is in the anomalous position of being $26 billion in the red and plunging toward bankruptcy, while it has over $70 billion stashed away in an investment pool that it cannot touch.