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State Budget

Georgia Considers Misguided Tax Cuts

Michael Mitchell | Posted 02.26.2017 | Politics
Michael Mitchell

Georgia is the latest state to consider large income tax cuts despite the growing evidence that such an approach is misguided. Two bills before Georg...

Judge Says State of Illinois Could Be Held in Contempt of Court if Comptroller Doesn't Pay Social Service Providers

Matthew Dietrich | Posted 08.27.2016 | Chicago
Matthew Dietrich

If Munger and the state can't figure out a way to pay those social service providers, some of them will have to stop providing help to Illinoisans who need it.

Compromise Options Dwindling for Rauner and Madigan on Illinois Budget

Matthew Dietrich | Posted 07.20.2016 | Chicago
Matthew Dietrich

For the last month-and-a-half, House Speaker Michael Madigan has repeated in his weekly press conferences a pledge to work "cooperatively and professionally" with Gov. Bruce Rauner to work out a compromise on a budget for the fiscal year that began July 1.

Tax Cuts and Budget Vetoes Highlight Governor Scott's Shrinkage Victory Tour

Gary Stein | Posted 06.25.2016 | Miami
Gary Stein

They handed it to the governor so he could have his way with it and put his pen to paper, signing it into law with one hand and slashing it with his veto pen line item by line item with the other.

Gov. Rauner Clashes With Illinois Senate Black Caucus Over Budget

Matthew Dietrich | Posted 05.09.2015 | Chicago
Matthew Dietrich

Things were going fairly smoothly for Gov. Bruce Rauner as he met with lawmakers to sell his budget reforms. But things went off the rails when Rauner hosted the Senate Black Caucus, writes Rich Miller of Capitol Fax.

Rauner's Illinois Pension Plan a Budget 'Booby Trap'?

Matthew Dietrich | Posted 04.25.2015 | Chicago
Matthew Dietrich

Back in December, Gov.-elect Bruce Rauner said Democrats had concocted a "booby-trap budget" that would detonate just as he took office. He was right. But is Rauner setting another trap with a new pension reform plan he proposed last week? Rich Miller of Capitol Fax explains.

Miller: Gov. Bruce Rauner Has Not Shut the Door on Tax Hikes

Matthew Dietrich | Posted 03.28.2015 | Chicago
Matthew Dietrich

Rich Miller of Capitol Fax took a look at how exactly Rauner and his team plan to deal with the state's issues, including the possibility of higher taxes along with spending cuts.

Illinois' pension reform questions mean the state's financial future is uncertain

Matthew Dietrich | Posted 01.26.2015 | Chicago
Matthew Dietrich

Illinois' December 2013 pension reform law was deemed unconstitutional Nov. 21 by a Sangamon County Circuit Court judge. The issue is likely headed ...

10 States With Enormous Debt Problems

Reuters | Posted 10.28.2012 | Business

Aug 28 (Reuters) - America's 50 state governments owe $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps, acc...

States Raise Fines And Fees To Avoid Tax Increases

Associated Press | David Klepper and Brian Witte | Posted 09.23.2011 | Business

NARRAGANSETT, R.I. (AP) -- Twenty dollars for a parking place wasn't going to ruin Ellen Majka's day at the beach. But she was still taken aback when ...

NJ Politician On Chris Christie: 'I Want To Punch Him In His Head'

The Huffington Post | Alana Horowitz | Posted 09.02.2011 | Politics

Chris Christie probably won't be invited to this lawmaker's 4th of July barbecue. New Jersey Senate President Stephen Sweeney slammed the governor...

Amanda Terkel

Against His Own Order, Pawlenty Directs State Minnesota To Apply For Federal Health Care Grants | Amanda Terkel | Posted 05.25.2011 | Politics

Sam Stein contributed to this report. Although Minnesota Gov. Tim Pawlenty (R) on Tuesday signed an executive order aimed at keeping the Patient Pro...

Daley Says If City Took Financial Advice From State, 'We'd Be Bankrupt'

Posted 05.25.2011 | Chicago

Chicago Mayor Richard Daley does not appreciate criticism--whether it's coming from the media, Democrats or Republicans. On Tuesday, he made this abun...

State Budget Crisis: 46 States Facing 'Greek-Style Deficits' | Edward Robinson | Posted 05.25.2011 | Business

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,...

Nobody's Puppet

David Segal | Posted 05.25.2011 | Politics
David Segal

Corporations and the extraordinarily wealthy have too much control over our government and over our society. We need to stand up and fight back. And that's why I'm running for Congress.

Albany Update: Dummies in the Doldrums

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

There's nothing New Yorkers like better than a long conversation about what's up in Albany. Take a deep breath. Just for a minute, let's review where we're at.

Nectar of the Clods

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

The fight over the budget in Albany is impossible to explain, and even if I tried to do so, it would just make you feel terrible about New York's wretched politics. So let's stick to the question of selling wine in grocery stores.

The F Word: CA Banks: Who Are They Working For?

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Does it seem right to you that a state's ability to stay afloat should be the stuff of secretive betting pools? That's just what's happening. While st...

Chicago Police Officers To Patrol Expressways? State Police Layoffs Could Spread CPD (More) Thin

Posted 05.25.2011 | Chicago

The state's budget woes could cause the already understaffed Chicago Police Department to be spread even more thin. As Illinois State Police face layo...

If New York State Was a Country, Would It Be Greece or Iceland?

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

Once again, the state has no budget. The problem? There's nobody to be afraid of. New York is not a place that operates on rational debate or planning. Power comes from two things: money and fear. Right now we don't have either.

Pat Quinn Starts Website, Wants Illinoisans Advice On Fixing The State's Nasty Budget Problems

Posted 05.25.2011 | Chicago

With the state's finances in shambles and an election year upon us, Gov. Pat Quinn did something politicians rarely do when it comes to managing money...

Ritter's Budget Options Rapidly Being Exhausted

The Denver Post | Tim Hoover | Posted 05.25.2011 | Denver

Gov. Bill Ritter's office on Wednesday will reveal its plans to rebalance the state budget, likely meaning more cuts to state programs. The planned c...

Open Letter to Governor Arnold Schwarzenegger

Chantal Sicile-Kira | Posted 05.25.2011 | Politics
Chantal Sicile-Kira

I can't afford to volunteer for the community anymore. Got to spend every free moment earning money or taking care of my mom and son.