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State Net Capitol Journal – February 22, 2016; Oil Price Collapse Pressures State Budgets

Budget & Taxes Oil Price Collapse Pressures State Budgets The collapse of oil prices is taking a toll on energy-producing states. As job losses mount in the nation’s oil patch, depressed oil and commodity prices are having a ripple effect...

State Net
State Net Capitol Journal – February 15, 2016; Snyder Proposes $195 Million for Flint

Budget & Taxes Snyder Proposes $195 Million for Flint Amidst a chorus of boos from protestors, Michigan Gov. Rick Snyder (R) unveiled his $54.9 billion FY 2017 budget proposal to lawmakers, a plan that includes $195 million to address the ongoing...

State Net
State Net Capitol Journal – February 8, 2016; Costly Legal Cases Pending in Texas

Budget & Taxes Costly Legal Cases Pending in TX A pair of legal cases could have a big impact on budget decisions in Texas next year, when lawmakers meet again in regular session. One of the cases, set to go before the Texas Supreme Court...

State Net
State Net Capitol Journal – February 1, 2016; Final Pennsylvania Budget Unlikely Until After April Primary

Budget & Taxes Final PA Budget Unlikely Until After April Primary Days before last Christmas - and six months after the start of the current fiscal year - Pennsylvania’s Republican-controlled Legislature sent Democratic Gov. Tom Wolf a...

State Net
State Net Capitol Journal – January 25, 2016; Utah Looking to Force Action on Internet Sales Taxes

Budget & Taxes UT Looking to Force Action on Internet Sales Taxes Utah Sen. Curt Bramble (R) said he and his colleagues will debate a bill this year requiring Utah-based businesses that sell on the Internet to collect sales taxes on those transactions...

LexisNexis Tax Law Community Staff
Recent Changes in Government Accounting and Financial Reporting Standards

By G. Robert Smith Jr. CPA CGFM Continuing Professional Education and Dwayne N. McSwain CPA Associate Professor of Accounting Sam Houston State University * Introduction The United States economy is comprised of two major sectors: the private sector...