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SPECIAL REPORT: Other states struggle with tax changes, too
20 minutes ago ago from The Center for Michigan » A Forum for Our State's Future
By Melissa Preddy Michigan isn t the only state struggling to balance its books during a recession without turning off business growth. The National Conference of State Legislatures (NCSL) projects a $142 billion aggregate budget shortfall in the 2010 fiscal year, despite efforts to cut costs and increase revenue. Cash-strapped legislatures coast to coast are grappling with the tension of conflicting goals: compensating for budget ...
Related contentMissed Opportunities
20 minutes ago ago from The Center for Michigan » A Forum for Our State's Future
The chances for serious change in Lansing looked good at the beginning of the year. The governor was freshly elected to her second and final term and therefore had little to lose in pursuing transformational change of state and local government. The Senate Majority Leader and House Speaker were both new to their jobs, but seemed similarly reform-minded and eager to work together. And the governor had a clear, consensus roadmap for change from ...
Related contentWhy You're Broke
23 hours ago ago from Red County
While it is incontestably true that a lot of people took out mortgage loans they could not afford to replay, it is just as true that they were encouraged to do so because banks were required by federal law to make these bad loans. Bankers even gave them an acronym, loans as in No Income, No Job, No Assets. The result was the government created housing bubble that was coupled with the Federal Reserves policy of keeping interest rates so low ...
Related contentHoward Jarvis Tax group releases 10 worst tax gimmicks of 2009
1 day ago ago from SRCAR GAD
The Howard Jarvis Taxpayers Association has just published their 10 worst tax gimmicks of 2009 in California. In this state it's got to be a challenge to narrow it down to just 10 we have such a plethora to choose from. I do believe they missed the boat on #9 however. California's marijuana harvest rivals or surpasses most other agricultural crops in the state in both revenue and quality, and all that potential tax revenue is just going ...
Related contentThe Dire State of New York Finances:
20 hours ago ago from opinions
New York State is facing the same dilemma as most of the other states are: how to provide services without spending cuts and tax increase. This has led to infighting between the Governor’s office and the legislature. The latter is trying to preserve most of the spending and trying to avoid cuts and raising taxes while the former has to balance the budget in accordance with the state’s constitution but have to pass through the legislature ...
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More than 200 attend hearing on NH business tax
19 hours ago ago from U.S. News
More than 200 attend hearing on NH business tax CONCORD, N.H. (AP) -- Some New Hampshire small business owners who are subject to a new tax complained at a state hearing Wednesday that they never had the chance to address it and fear it will threaten their livelihood and future job growth. "Any way I look at this I see a cost," said Carolyn Virtue of Sanbornton, who started a small medical case management business for seniors with her ...
Related contentIowa governor signs efficiency plan cutting $128M
21 hours ago ago from U.S. News
Iowa governor signs efficiency plan cutting $128M DES MOINES, Iowa (AP) -- Iowa Gov. Chet Culver signed an executive order Wednesday expected to save the state nearly $128 million through government efficiency efforts and called for lawmakers to approve early retirement incentives for state workers in order to save millions more. Culver also said it's likely the Legislature will close one of the state's four mental health institutions in ...
Related contentState wins $3.5M in federal funds for insuring low-income kids | detnews.com | The Detroit News
4 minutes ago ago from Detroit News
Archive: Thu | Fri | Sat | Sun | Mon | Tue | Wed | Today Last Updated: December 17. 2009 1:56PM State wins $3.5M in federal funds for insuring low-income kids Kim Kozlowski / The Detroit News Michigan has been awarded a $3.5 million bonus from the ...
Related contentLawmakers Reach Deal On Budget Gap, Will Vote Today
8 hours ago ago from Media General - NBC4i.com
Search: Keyword Site Web | RSS + - Text Size Print Share This Lawmakers Reach Deal On Budget Gap, Will Vote Today NBC 4 State lawmakers worked into Thursday's early hours to come to a compromise on how to fill the $850 million budget gap. Associated Press Published: December 17, ...
Related contentSouth Carolina To Cut State Budget By 5 Percent
22 hours ago ago from Media General - WJBF.com
Search: Keyword Site Web | RSS + - Text Size Print Share This South Carolina To Cut State Budget By 5 Percent South Carolina To Cut State Budget By 5 Percent... The South Carolina Budget and Control Board voted Tuesday to cut the state budget by 5 percent, or roughly $238 million. The cuts will effect ...
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