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After furloughs, states mull permanent cuts
Seeded on Wed Dec 2, 2009 3:34 PM EST (stateline.org)
For the first time on record, states' overall spending has declined in back-to-back years, sinking 4.8 percent last fiscal year and at least 4 percent in the current fiscal year,according to the National Association of State Budget Officers (NASBO).
Controller says Nevada needs to diversify economy | rgj.com | The Reno Gazette-Journal
Seeded on Mon Nov 30, 2009 9:17 AM EST (RGJ.com)
Nevada needs to diversify its economy, focus on renewable energy and close some of its sales tax exclusions in order to speed up its recovery from the current economic recession.
Maine governor orders $63M in department cutbacks - NashuaTelegraph.com
Seeded on Mon Nov 23, 2009 12:47 PM EST (nhbr.com)
Gov. John Baldacci ordered Maine state departments Friday to curtail spending by $63 million to make sure the budget is balanced.
States' Fiscal Crunch Could Stretch to 2012 | ENR: Engineering News Record | McGraw-Hill Construction
Seeded on Fri Nov 20, 2009 10:52 AM EST (enr.ecnext.com)
With the economic slump battering tax receipts, state budgets remain in dire shape, and the pain may continue into fiscal year 2012, according to the National Governors Association and National Association of State Budget Officers.
New York Legislature Gathers as Budget Talks Fail to Yield Deal - Bloomberg.com
Seeded on Tue Nov 17, 2009 3:15 PM EST (Bloomberg.com)
New York lawmakers and Governor David Paterson said they continue to negotiate a plan to narrow a $10 billion budget deficit over the next 17 months and solve a December cash squeeze.
US Survey Rpt Says State Govs Face Decade-Long Fiscal Woes | iMarketNews.com
Seeded on Thu Nov 12, 2009 3:35 PM EST (imarketnews.com)
A fiscal survey of U.S. state governments released Thursday shows that state governments continue to be hammered by the national recession which began in December in 2007 and probably ended this September.
US Governors: States Will Face Revenue Struggle Through 2012
Seeded on Thu Nov 12, 2009 3:35 PM EST (NASDAQ.com Stock Tracker)
State governments will likely struggle with dragging revenue until 2012, the National Governors Association predicted on Thursday.
State Budgets to Remain Low Through 2012, Report Says | Transport Topics Online | Trucking, Freight Transportation and Logistics News
Seeded on Thu Nov 12, 2009 3:34 PM EST (ttnews.com)
States faced with big budget deficits will continue to grapple with diminished revenue until at least 2012, according to a new survey, Bloomberg reported.
U.S. State Revenue Decline Will Go On, Report Says (Update1) - Bloomberg.com
Seeded on Thu Nov 12, 2009 3:34 PM EST (Bloomberg.com)
U.S. states, which are closing $250 billion of budget deficits, will be forced to grapple with diminished revenue until at least 2012, a survey of fiscal officials found.
Nine states seen in peril similar to California: report | U.S. | Reuters
Seeded on Thu Nov 12, 2009 3:33 PM EST (Reuters)
California, the Golden State that has been pummeled by economic problems ranging from plunging revenues to political spending battles, may soon find that it is not alone.
Governors Predict Revenue Struggle - WSJ.com
Seeded on Thu Nov 12, 2009 2:39 PM EST (Wall Street Journal)
State governments likely will struggle with dragging revenue until 2012, the National Governors Association predicted Thursday.
Get ready for more spending cuts and tax hikes - Nov. 12, 2009
Seeded on Thu Nov 12, 2009 2:38 PM EST (CNN)
While the national economic picture is starting to brighten, the states are still suffering their worst budget crises in decades, a new report found.
Medicaid vs. Education
Seeded on Wed Oct 21, 2009 4:16 PM EDT (reviewmessenger.com)
A little-noticed aspect of Washington's health care reform is the impact it will have on state spending.
Lawmakers mull tapping state's rainy day fund
Seeded on Tue Oct 20, 2009 11:20 AM EDT (somdnews.com)
Deep within Maryland's budgetary catacombs sits a giant pot of money to be used only in a fiscal emergency.
Economy may be rebounding, but state budgets are still hurting | csmonitor.com
Seeded on Tue Oct 20, 2009 11:11 AM EDT (Christian Science Monitor)
This week's welcome news that the Dow topped 10,000 for the first time in a year – alongside comments by many economists that the recession is over – does not spell quick relief in one key corner of the US economy: state budgets.
Hard-pressed leaders pass nuisance taxes - Washington Times
Seeded on Tue Sep 29, 2009 9:44 AM EDT (The Washington Times)
State and local governments are raising taxes and inventing new ones as they scramble to balance their budgets even as the nation's economy begins to emerge from the deepest recession in seven decades.
Economic clarity eludes Colo. leaders - The Denver Post
Seeded on Tue Sep 29, 2009 9:44 AM EDT (The Denver Post)
Colorado's revenues are plummeting. All the economists agree on that — but when it comes to figuring out by how much, they part company.
The Tax Foundation - New Data and Research on State Governments on Tax Foundation Website
Seeded on Tue Sep 22, 2009 4:18 PM EDT (taxfoundation.org)
Essentially every state government has worked to close budget shortfalls during 2009. States have seen a fall in revenue, particularly sources prone to boom-and-bust cycles like taxes on high-income earners and on corporate profits.
States cut services, hours to save cash - UPI.com
Seeded on Tue Sep 8, 2009 11:06 AM EDT (United Press International)
States across the United States report cutting services and shuttering offices for a business day to save cash.
St. Paul Legal Ledger
Seeded on Tue Sep 8, 2009 11:05 AM EDT (legal-ledger.com)
World War II jolted the United States out of its last massive financial crisis, but with no global war to propel a recovery this time, states are scrambling to staunch the red ink splashing across their budget sheets.
CT and PA state budgets still in limbo
Seeded on Mon Aug 31, 2009 10:38 AM EDT (WWLP - News)
Lower-than-expected tax revenues are causing some states to leave welfare programs, day-care centers, preschools and other programs unfunded as lawmakers decide how to balance their annual spending plans.
Education Week: Recession Woes Cast Pall as Schools Open
Seeded on Tue Aug 25, 2009 4:15 PM EDT (Education Week)
As public schools around the country begin opening their doors for a new academic year, the impact of the worst recession in decades is being felt through such measures as larger class sizes, cuts of jobs and textbook budgets, reduced school bus service, and fewer resources for s …
State shortfalls across U.S. total $160 billion -- baltimoresun.com
Seeded on Tue Aug 11, 2009 12:42 PM EDT (The Baltimore Sun)
Maryland is not the only state struggling with its budget this year, one of the most difficult in history for state governments that have been contending with a collective shortfall of more than $160 billion - and counting.
Gov. Kaine touts his handling of Virginia's budget cuts
Seeded on Tue Aug 11, 2009 12:41 PM EDT (PilotOnline.com / HamptonRoads.com )
Gov. Timothy M. Kaine said Monday that he takes pride in shepherding Virginia's finances through the toughest economic times since the Great Depression.
Governor Kaine Welcomes National Meeting of Budget Officers
Seeded on Tue Aug 11, 2009 12:41 PM EDT (media-newswire.com)
RICHMOND - Governor Timothy M. Kaine today welcomed the National Association of State Budget Officers (NASBO) annual meeting to Norfolk, Virginia.
Profile
NASBO
Member Since: 12/2008Last Seen: 3/07/2011
Founded in 1945, NASBO serves as the professional organization for all state budget officers of the fifty states and U.S. territories. NASBO is an ind …
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