LexisNexis® Legal Newsroom
    State Net Capitol Journal – May 7, 2012

    SNCJ Spotlight With Congress stalled, states work their own "Amazon tax" deals Like millions of Americans these days, Dena Davidson buys a lot of products online. From birthday gifts to home furnishings, she eschews crowded malls...

    State Net Capitol Journal – April 23, 2012

    Budget & Taxes A TALE OF TWO TAX STRUCTURES AND ONE CITY: Which is worse: high income taxes or high sales taxes? That's a question residents of the metropolitan area of Portland, Oregon ponder fairly regularly. Oregon has no sales...

    State Net Capitol Journal – April 16, 2012

    Budget & Taxes CT PULLS PLUG ON MANAGED CARE FOR MEDICAID: The way states used to pay doctors and hospitals for treating Medicaid patients was by directly reimbursing them for the services they rendered. But spurred by criticism that the so...

    State Net Capitol Journal – April 9, 2012

    Budget & Taxes RISKY PENSION INVESTMENTS NOT PAYING OFF: Hoping to boost their investment returns and shrink looming deficits, public pension systems across the nation have been turning to riskier investments, such as private equity and hedge funds...

    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...

    State Net Capitol Journal – March 19th, 2012

    Budget & Taxes WV COMMITS TO PAYING DOWN PENSION DEBT: West Virginia's unfunded pension liability - estimated at $10 billion last year - is one of the highest per capita in the nation. But the state became a standout on the issue in a very...

    State Net Capitol Journal – March 12th, 2012

    c Budget & Taxes FL JUDGE SIDES AGAINST STATE IN PENSION CASE: A Florida circuit court ruled last week that Gov. Rick Scott (R) and Republican legislative leaders' decision last year to cut public employee salaries to offset the state's...

    State Net Capitol Journal – March 5th, 2012

    Budget & Taxes STATES DIVERTING FORECLOSURE SETTLEMENT MONEY: Last month, the nation's five largest mortgage lenders signed a $25 billion settlement with the attorneys general of 49 states addressing loan servicing abuses that contributed to...

    State Net Capitol Journal -- February 20th, 2012

    Budget & Taxes SODA TAXES FIZZLE: Two years ago, when concern over obesity, especially among children, had states from California to New York debating excise taxes on soft drinks, it appeared as though they might become the new sin taxes of choice...

    State Net Capitol Journal -- February 13th, 2012

    Budget & taxes STATES REACH FORECLOSURE DEAL WITH BIG BANKS: After more than a year of negotiations, federal officials, attorney's general of 49 states and five of the nation's largest banks agreed last week to a $25 billion settlement...

    State Net Capitol Journal -- February 6th, 2012

    Budget & Taxes TO TAX OR NOT TO TAX: In his state of the state speech last week, New Jersey Gov. Chris Christie (R) called for a 10-percent across-the-board cut in the state's income tax. "This will send a loud signal," he said. "The...

    State Net Capitol Journal -- January 23rd, 2012

    BUDGET & TAXES INTERNET GAMBLING MAY NOT PROVIDE JACKPOT FOR STATES: The ruling last year by the Department of Justice authorizing New York and Illinois to sell lottery tickets to their residents via the Internet signaled a major shift in the...

    State Net Capitol Journal -- January 17th, 2012

    Budget & taxes CA BUDGET PROPOSAL INCLUDES 'RANSOM NOTE' FOR VOTERS: California Gov. Jerry Brown (D) issued an ultimatum to voters in the $92.6 billion budget he proposed last week: approve $7 billion in temporary tax hikes at the...

    State Net Capitol Journal -- January 9th, 2012

    Budget & taxes STATES SEEKING BIGGER PENSION FUND RETURNS: Over the past few years, states have been cutting pension benefits for public workers in an effort to get a handle on unfunded pension liabilities estimated at between $1.26 trillion...

    State Net Capitol Journal -- December 20, 2011

    Budget & taxes NY RAISES TOP TAX RATE: This month New York Gov. Andrew Cuomo (D) agreed to do what he had repeatedly said he would not: raise taxes on his state's highest earners. Under the agreement passed by the Legislature, those making over...

    State Net: Budget & Taxes, December 5, 2011

    SUPERCOMMITTEE STALEMATE SETS UP AUTOMATIC CUTS: As part of the deal reached by Congress in August raising the federal debt ceiling, a bipartisan supercommittee was charged with the Herculean task of figuring out by November 23rd how to reduce the federal...

    State Net Capitol Journal--November 21, 2011

    ENTERPRISE ZONES HAVE BECOME ENTERPRISE IN CO: In 1986, Colorado lawmakers created the Enterprise Zone Program to encourage economic development in struggling parts of the state by giving tax breaks to businesses that bring capital or jobs to "economically...

    State Net Capitol Journal--November 14, 2011

    SUPPORT GROWS FOR ABOLISHING INCOME TAXES: On September 24th, 1980 then-Alaska Gov. Jay Hammond (R) signed a bill into law abolishing the state's personal income tax. In the 31 years since, not a single governor has duplicated that action. But that...

    State Net Capitol Journal, November 7, 2011

    CO VOTERS IN NO MOOD FOR TAX HIKES: Colorado voters had only one statewide initiative on their ballot last Tuesday (November 1st): Proposition 103. And they were very clear how they felt about the measure - which sought to raise income and sales taxes...

    Budget & Taxes: State Net, October 24, 2011

    ND WEIGHS DOING AWAY WITH PROPERTY TAXES: In stark contrast to most of the rest of the country, times are pretty good in North Dakota. So good, in fact, the state is considering becoming the first in the nation to abolish property taxes. Spurred by the...

    State Net Capitol Journal October 17, 2011

    A TALE OF TWO ECONOMIC POLICIES: Four years ago, Nebraska Gov. Dave Heineman (R) enacted the largest tax cut in his state's history. The state now has the country's second lowest unemployment rate, at 4.2 percent. In May, Connecticut Gov. Dannel...

    Budget & Taxes--State Net October 10, 2011

    MS JOBS PROGRAM COULD BE NATIONAL MODEL: President Obama is still trying to sell his jobs plan to America, but there's a program in Mississippi that is already creating jobs. And some analysts say it could be a model for the nation. The Subsidized...

    Budget & Taxes – State Net, October 3rd, 2011

    GRANHOLM'S ECONOMIC WARNING FOR NATION: Years before the start of the Great Recession, Michigan was struggling with its own economic downturn, precipitated by the decline of the U.S. auto industry. The state's economy doesn't look quite...

    Budget & Taxes – State Net, September 19th, 2011

    HAVE HOMELAND SECURITY GRANTS GONE TO WASTE? In the years since 9/11, the Department of Homeland Security has poured $34 billion into states to help them address the threat of terrorism. But on the tenth anniversary of the terrorist attacks, questions...

    Budget & Taxes – State Net, September 12th, 2011

    RI CONSIDERING RADICAL PENSION REFORM: Estimated at somewhere between $6.8 billion and $9 billion, Rhode Island's unfunded pension liability is far from the largest in the country. That dubious distinction belongs to California, with an unfunded...