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Illinois Republicans tell how they would balance budget

6 hours ago ago from Doug Wilson's Political Blog

Republican gubernatorial contender Jim Ryan said he would cut revenue-sharing with local units of government as part of efforts to balance the Illinois budget. Ryan and the other six men seeking the Republican nomination met last Monday with the Chicago Tribune’s editorial board. All seven said they oppose the tax increases proposed by top Democrat contenders Gov. Pat Quinn and Comptroller Dan Hynes. The Republicans all talked about ...

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You’re in Trouble

13 hours ago ago from Publicola

1. As you read this, Morning Fizz is driving South on I-5 to Olympia on our way to Gov. Chris Gregoire's 9 am press conference where she's expected to release an all-cuts budget in response to the $2.6 billion budget shortfall. From the reporting we did yesterday , (talking to low-income health care advocates and the governor's office) it sounds like Gregoire's budget is going to eliminate the state's Basic Health Plan, which provides ...

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Stuck in Deficit Mode

14 hours ago ago from www.statehousecall.org

StateHouseCall contributor Marc Kilmer recently wrote about the state budget troubles afflicting Maryland . In short, it recently had a budget deficit, raised taxes, and will have to expand its Medicaid program should federal health go through. He concludes If our legislators decided to try and cut the budget, another provision in the federal legislation mandates that states cannot reduce Medicaid eligibility or services. That would ...

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McDonnell vows not to raise taxes | Young Republican Federation of Virginia

15 hours ago ago from Young Republican Federation of Virginia

December 9, 2009 by Chair Leave a Comment RICHMOND | Republican Gov.-elect Robert F. McDonnell reiterated his promise Tuesday not to raise taxes despite outgoing Democratic Gov. Tim Kaine saying the move might be necessary to help balance the state budget. Mr. McDonnell spoke with reporters in the Capitol at a daylong budget forum sponsored by the Associated Press, just hours after a senior Republican budget writer in the House of ...

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Budget comments | An Assembly members take on Anchorage issues

21 hours ago ago from Patrick Flynn's Blog | An Assembly member's take on Anchorage issues

Patrick Flynn s Blog Budget comments Tonight, December 8, the Assembly is about to pass a municipal budget for 2010.  I spent a great deal of time on this one and the version that ultimately passed had my name on it, but it wasn't really mine. It has been said that budgets are the ultimate public policy documents.  They reflect a community's priorities; what is funded, what isn't and what the citizenry can expect in return ...

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GOP gov candidate announces Illinois finance plan

13 hours ago ago from FanHouse

CHICAGO -Republican candidate for governor Andy McKenna proposed dramatically cutting state spending to rescue Illinois' finances without an income tax increase. Chicago businessman McKenna on Tuesday said the state should cut spending to 2006 levels, amounting to about a 20 percent drop. That could mean big cuts to state government while only addressing about half of the budget deficit. He didn't offer specifics about the impact on services ...

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Wash. gov: Tax hikes needed to save programs

10 hours ago ago from Good News Now

OLYMPIA, Wash. -Making her case for tax increases, Washington Gov. Chris Gregoire on Wednesday presented a bleak plan to balance the state budget by wiping out spending for health care, welfare, and education programs that reach every corner of Washington. As required by law, Gregoire presented a plan for balancing the state's $2.6 billion budget deficit using only the state's existing tax streams. But in an open letter to Washingtonians, the ...

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Ariz. lawmakers work up agenda for special session

8 hours ago ago from Good News Now

PHOENIX -A tentative agenda Republican leaders are developing for a possible legislative session next week includes asking Arizona voters to temporarily raise the sales tax and give lawmakers more power to change voter-approved laws. Other items at least some GOP legislative leaders are pushing include a relatively small package of spending cuts and future income tax cuts, legislative aides told The Associated Press on Wednesday. All are ...

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Fitch Rates Connecticut's Taxable GO Bonds 'AA'; Outlook Negative

7 hours ago ago from Good News Now

Fitch Ratings has assigned an 'AA' rating to the State of Connecticut's taxable general obligation (GO) bonds (2009 series B) (Build America Bonds - direct payment). The bonds will be sold Dec. 15 via negotiation, and will mature Dec. 1, 2020-2023 and Dec. 1, 2029. Optional redemption provisions will be determined upon final sale. Fitch also affirms the 'AA' rating on approximately $13.1 billion in GO bonds and $916 million in GO economic ...

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SC lawmakers nix Sanford impeachment, back rebuke

5 hours ago ago from Good News Now

COLUMBIA, S.C. -South Carolina lawmakers voted down a measure to impeach Gov. Mark Sanford on Wednesday, but recommended a formal rebuke that said his travels and trysts with an Argentine mistress brought the state "ridicule, dishonor, disgrace and shame." Most of the seven legislative panel members said the Republican should resign, though his affair, use of state planes and a 2008 taxpayer-funded trip to Argentina were not serious ...

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