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State Net Capitol Journal – November 5, 2012

Budget & Taxes SANDY'S ECONOMIC TOLL COULD TOP $20B: New Jersey Gov. Chris Christie (R), whose state was among those hit hardest by Hurricane Sandy, said last week that the damage from the storm was going to be "almost incalculable." But economic analysts did their best to figure...

State Net Capitol Journal – November 5, 2012

Budget & Taxes SANDY'S ECONOMIC TOLL COULD TOP $20B: New Jersey Gov. Chris Christie (R), whose state was among those hit hardest by Hurricane Sandy, said last week that the damage from the storm was going to be "almost incalculable." But economic analysts did their best to figure...

State Net Capitol Journal – September 9, 2013; States Slow To Recover From Recession

Budget & Taxes STATES SLOW TO RECOVER FROM RECESSION: The worst economic downturn since the Great Depression has forced changes on state governments that could last for decades. According to a July estimate by the Federal Reserve Bank of Dallas, the nation lost nearly a year's worth of...

State Net Capitol Journal – July 7, 2014; Early Internet Gambling Revenues Disappointing

Budget & Taxes EARLY INTERNET GAMBLING REVENUES DISAPPOINTING: Last year Delaware, Nevada and New Jersey became the first states in the nation to legalize Internet gambling. But so far, their online gambling revenues have been falling far short of projections. New Jersey officials initially...

State Net Capitol Journal – April 13, 2015; Lottery Success Spurs Backlash

Budget & Taxes Lottery Success Spurs Backlash State lottery sales topped $70 billion last year in the 43 states that have them, according to the American Association of State and Provincial Lotteries. That sum represents more than 10 percent of the states’ total revenues for the year...

State Net Capitol Journal – May 11, 2015; Budget Surplus In California

Budget & Taxes Budget Surplus Surge In CA With the state’s economy continuing to improve, California lawmakers were expecting a budget surplus this year of about $2 billion. But last week Assembly Speaker Toni Atkins (D) announced that the projected surplus had surged by as much as $8...

State Net Capitol Journal – May 18, 2015; Pension Reforms Struck Down In States

Budget & Taxes Pension Reforms Struck Down In States Twice in two weeks courts have rejected state pension reform laws. On April 30, Oregon’s Supreme Court ruled that the reductions the state made to cost-of-living adjustments in 2013 were unconstitutional. And last week Illinois’...

State Net Capitol Journal – June 1, 2015; Gas Tax Hike Coming to California?

Budget & Taxes Gas Tax Hike Coming to CA? Raising prices at the gas pump is a risky proposition in California, where cars have always been king. In fact the state is one of only a few in the nation that haven’t raised gas taxes since the early ‘90s. But that could change this year...

State Net Capitol Journal – June 22, 2015; Some Republicans Embracing Tax Hikes

Budget & Taxes Some Republicans Embracing Tax Hikes After Republicans swept into control of 29 governor’s offices and 25 state legislatures in the 2010 elections, they moved aggressively to cut spending and taxes. The cuts continued the next few years in the wake of the Great Recession...

State Net Capitol Journal – July 13, 2015; Another Tall Transportation Order For California

Budget & Taxes Another Tall Transportation Order For CA When it comes to the issue of transportation, California Gov. Jerry Brown’s (D) main focus - beginning with his first pass through the governor’s office a generation ago - has been the often-tough sell of a bullet train connecting...

State Net Capitol Journal – July 20, 2015; Kansas Keeping Some Tax Credits Secret

Budget & Taxes KS Keeping Some Tax Credits Secret According to Kansas’ Department of Revenue, in 2013 the state granted $622 million in income and privilege tax credits, allowing taxpayers to deduct various qualifying expenses from their taxes. But the state actually spent more than that...

State Net Capitol Journal – August 3, 2015; Congress Settles On Highway Funding Extension

Budget & Taxes Congress Settles On Highway Funding Extension After battling over rival transportation funding bills for a week, with U.S. House Republicans favoring a five-month extension they passed last month and Senate Republicans preferring a longer-term plan, the House passed a three-month...

State Net Capitol Journal – August 10, 2015; States Embrace Earned Income Tax Credit

Budget & Taxes States Embrace Earned Income Tax Credit As states continue to recover from the Great Recession, several are embracing a tax credit to help bring working families along. This year five states, including California and Massachusetts, where a Democrat and a Republican hold the top...

State Net Capitol Journal – August 17, 2015; States Back Tax Breaks for Military Vets

Budget & Taxes States Back Tax Breaks for Military Vets Despite facing a budget shortfall this year, Maryland doubled its income tax exemption for military retirement pay to $10,000. And a budget hole forced Connecticut to raise taxes on its most prosperous corporations, but it still managed...

State Net Capitol Journal – Chicago Mayor to Propose Major Property Tax Hike

Budget & Taxes Chicago Mayor to Propose Major Property Tax Hike To help cover the cost of a big pension payment for police and firefighters next year and help shrink his city’s annual budget hole, Chicago Mayor Rahm Emanuel will reportedly call for the city’s largest property tax...

State Net Capitol Journal – November 16, 2015; Movement on Pennsylvania Budget Impasse

Budget & Taxes Movement on PA Budget Impasse A deadlock between Pennsylvania Gov. Tom Wolf (D) and lawmakers has left the state budget-less four months into the current fiscal year. But the governor’s office and legislative leaders said last week they’d reached a tentative agreement...