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Iraq Still Has Problems Spending Its Money
1 day ago ago from Musings On Iraq
The new Special Inspector General for Iraq Reconstruction report to Congress was released at the end of October 2009. It notes that Iraq is still having problems spending its budget. By June 2009 50% of Iraq’s $58.6 billion budget had been released, but only $16.4 billion, 27.9%, had been spent as of that month. $1.6 billion of that was for capital projects that are investments in infrastructure and services. The provinces had $16.4 billion, ...
Related contentStates Near Bankruptcy
18 hours ago ago from Expected Returns
From the WSJ, States scramble to close new budget gaps : Many states eliminated expected deficits earlier this year with budget cuts, tax increases, short-term borrowing, accounting moves and planned gambling expansions. But despite a slight improvement in the U.S. economy, states are now finding those measures didn't go far enough. Tax collections continue to trail projections in some states, and court rulings and political battles ...
Related contentClock is ticking for N.J. marriage bill
22 hours ago ago from DC Agenda
Reed Gusciora, a gay Democrat and sponsor of the marriage bill in the New Jersey Assembly, said he’s not sure whether lawmakers can pass the measure before Gov. Jon Corzine leaves office next month (Photo courtesy of Gusciora) The only out lawmaker in the New Jersey Legislature said the state’s pending marriage legislation “could go either way” and cautioned against bringing the bill to a vote if supporters don’t think they have ...
Related contentTeachers and students struggle with impacted classes, less individual attention
23 hours ago ago from The Mt. Carmel SUN
Jared Servantez | Photographer Seniors in Gretchen Hughes-Taumoepeau’s AP English Literature classes have always been grateful for the miniature sofa she has in the back of her classroom, a small comfort amongst a sea of hard plastic chairs. This trimester, however, that sofa has changed from an occasional hangout spot to the only seat open for some students to sit in during class. Hughes is a victim of growing class sizes that have ...
Related contentAmicus States’ Motion for Leave to Participate in Oral Argument in the Second Amendment Incorporation Case
20 hours ago ago from The Volokh Conspiracy
The motion is here . An excerpt: [T]he State of Texas and 37 other States ... request that the Court divide oral argument for Petitioners, and allow Greg Abbott, Attorney General of Texas, on behalf of the amici States, 10 minutes of argument time. Petitioners support this motion, and have agreed to cede 10 minutes to the amici States.... [B]ecause they are sovereign governmental bodies, with strong interests in preventing crime and in ...
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Tax revenue drop causes $197M La. budget deficit
21 hours ago ago from U.S. News
Tax revenue drop causes $197M La. budget deficit BATON ROUGE, La. (AP) -- Louisiana's revenue forecast dropped $197 million Thursday, driven by plummeting state sales taxes as shoppers shut their wallets and businesses shrink spending in the tight economy. The state income projecting panel, the Revenue Estimating Conference, revised tax collection estimates sharply downward for the current fiscal year that ends June 30, continuing a recent ...
Related contentKan. gov. won't propose deep cuts for fiscal 2011
18 hours ago ago from U.S. News
Kan. gov. won't propose deep cuts for fiscal 2011 TOPEKA, Kan. (AP) -- Kansas' governor doesn't plan to propose deep budget cuts again to avoid a deficit and said Thursday that he opposes further reductions in education spending. Democratic Gov. Mark Parkinson confirmed that he's considering revenue-raising measures. But he stopped short of saying he'll propose ending tax exemptions or seek a general tax increase after the ...
Related contentVa. governor proposes mental heath cuts
1 hour, 3 minutes ago ago from U.S. News
Va. governor proposes mental heath cuts Major provisions of Gov. Timothy M. Kaine's two-year budget proposed Friday: REVENUE: -Eliminates the car tax in favor of phased-in 1 percent income tax increase. -Increases the cost of liquor by 2 percent. -Eliminates the dealer discount, a share of the state's sales tax merchants were allowed to keep for collecting and remitting the tax to the state once a month. PUBLIC SAFETY: -Cuts ...
Related contentPanel says Hawaii revenues will be a bit worse
1 hour, 33 minutes ago ago from U.S. News
Panel says Hawaii revenues will be a bit worse HONOLULU (AP) -- The state's revenue picture is still dreary but there is light at the end of the tunnel, a panel of Hawaii economists said. The state Council on Revenues, at its quarterly meeting Thursday, voted to change its estimated decrease in state revenues for the remainder of the fiscal year that ends June 30 from 1.5 percent to 2.5 percent. In other words, the council believes the ...
Related contentStates Scramble to Close New Budget Gaps
14 hours ago ago from Wall Street Journal
The patches used by states on their ailing budgets just months ago are now failing. Ohio lawmakers were expected late Thursday to vote on a compromise reached with Gov. Ted Strickland to avoid cutting education budgets an average of 10% on Jan. 1. In Arizona, lawmakers met in a special session Thursday -- their fourth on the budget this year -- to grapple with a new deficit. And in New York, Democratic Gov. David Paterson said Sunday he ...
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