State Net Capitol Journal – April 2, 2012

Budget & Taxes PENSION SANCTITY MAY BE TESTED IN CA BANKRUPTCY: Financially troubled Stockton, California is currently in mediation with its creditors to determine whether it will file for Chapter 9 bankruptcy. The bankruptcy process is typically a collective one in which the creditors of the...

State Net Capitol Journal – April 2, 2012

Budget & Taxes PENSION SANCTITY MAY BE TESTED IN CA BANKRUPTCY: Financially troubled Stockton, California is currently in mediation with its creditors to determine whether it will file for Chapter 9 bankruptcy. The bankruptcy process is typically a collective one in which the creditors of the...

State Net Capitol Journal – June 4, 2012

Budget & Taxes LANDLESS TRIBE SEEKING CASINO IN OK: Construction was halted on the Kialegee tribe's Red Clay Casino in Broken Arrow, Oklahoma last month after a federal judge issued a preliminary injunction in response to a lawsuit claiming the tribe doesn't have a legal right to build...

State Net Capitol Journal – June 4, 2012

Budget & Taxes LANDLESS TRIBE SEEKING CASINO IN OK: Construction was halted on the Kialegee tribe's Red Clay Casino in Broken Arrow, Oklahoma last month after a federal judge issued a preliminary injunction in response to a lawsuit claiming the tribe doesn't have a legal right to build...

State Net Capitol Journal – June 11, 2012

Budget & Taxes NC AGENCY LIFELINE FOR LOCAL GOVERNMENTS: North Carolina has the fourth highest state unemployment rate in the nation, according to the Bureau of Labor Statistics' April rankings. But unlike other states with job markets that are in particularly bad shape - especially, Nevada...

State Net Capitol Journal – June 11, 2012

Budget & Taxes NC AGENCY LIFELINE FOR LOCAL GOVERNMENTS: North Carolina has the fourth highest state unemployment rate in the nation, according to the Bureau of Labor Statistics' April rankings. But unlike other states with job markets that are in particularly bad shape - especially, Nevada...

State Net Capitol Journal – July 23, 2012

Budget & Taxes CA'S 'CHARTER CITIES' BANKRUPTCY PRONE? The last three major California cities to file for bankruptcy or announce plans to do so - including Stockton last month and San Bernardino two weeks ago - have something in common: They are all "charter cities." They...

State Net Capitol Journal – July 23, 2012

Budget & Taxes CA'S 'CHARTER CITIES' BANKRUPTCY PRONE? The last three major California cities to file for bankruptcy or announce plans to do so - including Stockton last month and San Bernardino two weeks ago - have something in common: They are all "charter cities." They...

State Net Capitol Journal – August 6, 2012

Budget & Taxes CA STATE PARK DONORS CRY FOUL: Last month California officials revealed that the state Department of Parks and Recreation had stashed away $54 million it had not reported to the state Department of Finance. The news came as quite a surprise, especially to the groups that had generously...

State Net Capitol Journal – August 6, 2012

Budget & Taxes CA STATE PARK DONORS CRY FOUL: Last month California officials revealed that the state Department of Parks and Recreation had stashed away $54 million it had not reported to the state Department of Finance. The news came as quite a surprise, especially to the groups that had...

State Net Capitol Journal – October 15, 2012

Budget & Taxes HARRISBURG HEARINGS REVEAL FISCAL PROBLEMS BUT NOT CONSENSUS: Six hours of testimony this month failed to produce any consensus on what caused the financial crisis that has gripped Pennsylvania's capital city. But the first of two days of state Senate hearings into the decisions...

State Net Capitol Journal – October 15, 2012

Budget & Taxes HARRISBURG HEARINGS REVEAL FISCAL PROBLEMS BUT NOT CONSENSUS: Six hours of testimony this month failed to produce any consensus on what caused the financial crisis that has gripped Pennsylvania's capital city. But the first of two days of state Senate hearings into the decisions...

State Net Capitol Journal – October 22, 2012

Budget & Taxes TAX DODGERS DOGGING CA: California's budget is so in the red that Gov. Jerry Brown (D) has placed a multi-billion tax measure on the state's November ballot to try to avoid having to make deep cuts to education and public safety funding. But one reason the state is in...

State Net Capitol Journal – October 22, 2012

Budget & Taxes TAX DODGERS DOGGING CA: California's budget is so in the red that Gov. Jerry Brown (D) has placed a multi-billion tax measure on the state's November ballot to try to avoid having to make deep cuts to education and public safety funding. But one reason the state is in such...

State Net Capitol Journal – November 18, 2013: States Turning To Tolls

Budget & Taxes STATES TURNING TO TOLLS: With the federal gas tax not having budged in 20 years and Americans driving less and in more fuel-efficient vehicles, states are increasingly turning to an alternate revenue source to pay for road construction and maintenance: tolls. Forty-two states...

State Net Capitol Journal – November 25, 2013; Budget & Taxes: Alabama Bond Sale May Establish Bankruptcy Template

Budget & Taxes AL BOND SALE MAY ESTABLISH BANKRUPTCY TEMPLATE: Jefferson County, Alabama sold $1.8 billion in bonds this month. What's particularly noteworthy about that is the county has been in bankruptcy since November 2011, after defaulting on $3.1 billion in sewer-revenue debt. The bond...

State Net Capitol Journal – February 3, 2014; States Debate What To Do With Tax Windfalls

Budget & Taxes STATES DEBATE WHAT TO DO WITH TAX WINDFALLS: Rising tax revenues — and election-year considerations — are ratcheting up debate in state capitols over whether to cut taxes, restore spending eliminated during the recession or fund new programs. Although the debates...

State Net Capitol Journal – June 9, 2014; Florida Hurricane Bonds On Rise

Budget & Taxes FL HURRICANE BONDS ON RISE: Six years ago, Florida's government-run property insurer, Citizens Property Insurance Corp., paid Warren Buffett's Omaha, Nebraska-based Berkshire Hathaway Inc. $224 million in exchange for a guarantee that the company would buy bonds issued by...