State Debt

Illinois CEO Warns He May Leave State In Response To Corporate Tax Hikes

The Huffington Post | Lila Shapiro | Posted 05.28.2011

Read More: Corporate Tax Rates, State Deficits, State Budgets, Caterpillar Inc, State Debt, Pat Quinn, Financial Crisis, Doug Oberhelman, Illinois, Corporate Taxes, Business News

Across the midwest, public workers have protested proposed cuts to benefits, pay, and collective bargaining rights. But in Illinois, one chief executi...

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States Begin To Cut Aid For Cities As Budget Woes Mount

nytimes.com | MICHAEL COOPER | Posted 05.25.2011

Read More: State Budgets, State Debt, State Aid, Municipal Debt Crisis, Milwaukee, Detroit, Nebraska, City Budgets, Muni Debt, Business News

The cuts are widespread. Ohio plans to slash aid to Columbus, Cleveland, Cincinnati and other cities and local governments by more than a half-billion...

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States May Switch Pension Funds To 401Ks

nytimes.com | Steven Greenhouse | Posted 05.25.2011

Read More: State Debt, Retirement Savings, 401ks, Retirement, Pension Fund Crisis, Pension Funds, Business News

Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companie...

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SEC Probing Mutual Funds Over Muni Bonds

Posted 05.25.2011

Read More: Sec, Municipal Bonds, State Debt, Mutual Funds, Muni Bonds, Business, Securities and Exchange Commission, Muni Debt, Business News

U.S. securities regulators are probing whether some mutual funds have overstated the value of thinly traded risky municipal bonds at a time when ...

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New Lawmakers Get to Work on Anti-Immigrant Agenda

Afton Branche | Posted 05.25.2011

Read More: Undocumented Immigrants, Immigrants, Texas State Legislature, Sanctuary Cities, Rick Perry, Anti-Immigrant, Immigration Reform, State Debt, Immigration Policy, Politics News
Afton Branche

Jumping on the anti-immigrant bandwagon may appeal to some voters, but it doesn't come cheap. Anti-immigrant ordinances cost cities and towns millions in legal fees and lost revenues.

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SEC Launches Probe Into Illinois' Underfunded Pension Plan

The Huffington Post | Lila Shapiro | Posted 05.25.2011

Read More: Sec Probe Illinois, Sec, Securities and Exchange Commission, State Budget Crisis, State Debt, Municipal Debt, State Pension Funds, Business News

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

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AP: Year Ahead Looms As Toughest Yet For State Budgets

AP | JUDY LIN and SHANNON McCAFFREY | Posted 05.25.2011

Read More: State Budgets, U.S. Economy, State Budget Cuts, State Debt, State Budget Crisis, Economic Crisis, Business News, Financial Crisis, Economic Recovery, Business News

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

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Struggling States Being 'Punished' By Credit Markets

Bloomberg | Darrell Preston | Posted 05.25.2011

Read More: State Budgets, California, State Debt, State Budget Crises, Credit Default Swaps, Illinois, Municipal Debt, Muni Credit, Municipal Credit, Business News

The cost of credit-default swap insurance on the lowest- rated state after California has risen 16 percent to $330,000 to protect $10 million of debt,...

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The Best & Worst Run States: 24/7 Wall Street

24/7 Wall St. | Posted 05.25.2011

Read More: State Budgets, Best Run States, State Budget Cuts, State Debt, Real Estate Prices, Unemployment by States, Worst Run States, Best State Governments, Business News

How well run are America's fifty states? 24/7 Wall St. has taken several months to consider that question. Our writers looked at hundreds of data sets...

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40 States Bank On Rising Tax Revenue In 2011

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011

Read More: State Budgets, Tax Revenue States, State Debt, State Budgets 2010, State Budgets 2009, National Conference of State Legislatures, State Budget Gaps, State Budgets Compared, Business News

WASHINGTON — The vast majority of state governments are anticipating a rise in tax revenues this year after two years of sharp drops. Analysts cauti...

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