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IRA buzz
10 hours ago ago from Wigderson Library & Pub
The effort to change Wisconsin's tax code to match the federal tax code regarding IRA conversions has been getting some favorable editorial support. Today it was the Wisconsin State Journal : The federal government is making it easier for more people to convert their traditional retirement accounts to Roth IRAs. Wisconsin needs to quickly adjust its law to reflect the federal change. Otherwise, residents here could be surprised and ...
Related contentGovernor's Supplemental Budget Cuts More to Deal with Lower Tax Revenue
13 hours ago ago from Government Affairs Blog
Hello Readers, By law, the governor must submit a budget annually to the legislature. The state budget cycle goes from July 1, 2009 until June 30, 2011. Revenues are projected for this two year period and state agency budgets are made based on those forecasts. When an economy turns recessionary, tax revenue is reduced as there is less economic activity to generate taxes. This has been the case during this biennium. An additional ...
Related contentNJ Senator calls on Corzine to release his proposed budget savings amid sales tax decline
18 hours ago ago from Jackson Township New Jersey News - Toms River, Jackson, Freehold, NJ, US and World News
Senator Steve Oroho, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding the decline in revenue from the state sales tax: “Based on revenue data released by the Department of the Treasury, sales tax collections are off by 6.7 percent through the month of November. The FY 2010 budget signed in June predicted gains of 5 percent. The corporate business tax is also ...
Related contentBudget analysis: From prurient to prudent
19 hours ago ago from Lucid Idiocy (politics)
If you read no other part of this, and don't think you fully understand the state's budget picture, read the second paragraph like 3 times and you should be good. From state Sen. Jack Hill via Insider Advantage: One way of thinking about our budget is that in FY09, we based our budget on $20.1 billion in tax and fee revenues. In FY10, the Governor is estimating we will bring in around $15.7 billion in tax and fee revenues. This is a $4.4 ...
Related contentKansas news digest
20 hours ago ago from Voice For Liberty in Wichita
News from alternative media around Kansas for December 21, 2009. KNEA uses incomplete funding data to argue for tax hikes (Kansas Liberty) Kansas State Department of Education Deputy Commissioner says a common practice of legislators and school advocates is only citing the base state aid K-12 receives for gauging funding levels. Democrat drops out of governor's race (Kansas Liberty) Democratic gubernatorial candidate Tom Wiggans ...
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Okla. treasurer: State faces additional shortfall
19 hours ago ago from U.S. News
Okla. treasurer: State faces additional shortfall OKLAHOMA CITY (AP) -- Oklahoma Treasurer Scott Meacham said Monday that even with budget cuts that have already been made, state government will face a $530 million shortfall this year. And things don't look much better for the next fiscal year, which starts in July. Meacham said lawmakers will have about 20 percent less in funding than they budgeted for the current fiscal year due to the ...
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