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State Budget Crisis

The Inevitable Failure of "Sales Tax Only" State Revenue Plans

Duncan Quirk | Posted 01.17.2013 | Politics
Duncan Quirk

Putting aside the debates between the effectiveness supply-side economics and whether an increase in sales tax would disproportionately negatively impact the poor, state sales tax only plans cannot make up for the lost revenue under current laws. The reason?

John Celock

State Lawmakers Group Has Some Upbeat News

HuffingtonPost.com | John Celock | Posted 08.07.2012 | Politics

CHICAGO -- Contrary to the dire fiscal report released by the State Budget Crisis Task Force in July, the National Conference of State Legislatures is...

John Celock

Communication Urged Between Feds/States

HuffingtonPost.com | John Celock | Posted 07.18.2012 | Politics

WASHINGTON -- Increased communication between the federal government and states is being emphasized as one of the ways to solve the budget crisis thre...

Nate Willis

State Budget Crisis Outlined By New Report Draws Response From Government Groups

HuffingtonPost.com | Nate Willis | Posted 07.18.2012 | Politics

WASHINGTON -- A new report has projected a $4 trillion shortfall for states and potentially dire consequences if they do not change their budget pract...

John Celock

Top Gov Sees Benefits To State Fiscal Report

HuffingtonPost.com | John Celock | Posted 07.17.2012 | Politics

A report released Tuesday shows that states face up to $4 trillion in unfunded liabilities and a host of other fiscal problems. Delaware Gov. Jack ...

State Budget Crisis Must Be Addressed, Before It's Too Late

Richard Ravitch | Posted 09.16.2012 | Politics
Richard Ravitch

The existing trajectory of state spending, taxation and administrative practices cannot be sustained. The basic problem is not cyclical, it is structural. The time to act is now.

States on the Ropes

Jerry Jasinowski | Posted 07.29.2012 | Politics
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 | Money

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 | Business

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 | Business

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 | Business
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 | Politics

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 | Business
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 | Denver

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 | Politics

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 | Business

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 | Impact
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 | Business

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 | Politics
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 | Business
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 | Politics
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 | Business

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 | Business
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

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 | Business

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