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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 $2 million will actually pay less next year than...

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 $2 million will actually pay less next year than...

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 the foreclosure crisis. But even before the ink...

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 the foreclosure crisis. But even before the ink was...

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 contribution to their pension fund was an...

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 contribution to their pension fund was an unconstitutional...

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 different way last month when lawmakers approved...

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 different way last month when lawmakers approved...

State Net Capitol Journal – May 14, 2012

Budget & Taxes STATES' FISCAL HEALTH CONTINUING TO IMPROVE: State fiscal conditions are continuing their slow and mostly steady improvement, according to the National Conference of State Legislatures' Spring 2012 budget update. For the first time since the start of the Great Recession...

State Net Capitol Journal – May 14, 2012

Budget & Taxes STATES' FISCAL HEALTH CONTINUING TO IMPROVE: State fiscal conditions are continuing their slow and mostly steady improvement, according to the National Conference of State Legislatures' Spring 2012 budget update. For the first time since the start of the Great Recession...

State Net Capitol Journal - May 21, 2012

Budget & taxes CONGRESSIONAL REPUBLICANS CALL OUT STRUGGLING US STATES: As economic turmoil returned this month to Greece and Spain, key Republicans in Congress issued a tough message for struggling U.S. states. "Recent experience on Wall Street and in Athens suggests that if decision makers...

State Net Capitol Journal - May 21, 2012

Budget & taxes CONGRESSIONAL REPUBLICANS CALL OUT STRUGGLING US STATES: As economic turmoil returned this month to Greece and Spain, key Republicans in Congress issued a tough message for struggling U.S. states. "Recent experience on Wall Street and in Athens suggests that if decision makers...

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 18, 2012

Budget & Taxes STATES' MEDICAID COSTS RISING FASTER THAN SPENDING: The National Association of Budget Officers (NASBO) and National Governors Association's (NGA) most recent survey of state fiscal health is not particularly encouraging. Although the Spring 2012 update, released last...

State Net Capitol Journal – June 18, 2012

Budget & Taxes STATES' MEDICAID COSTS RISING FASTER THAN SPENDING: The National Association of Budget Officers (NASBO) and National Governors Association's (NGA) most recent survey of state fiscal health is not particularly encouraging. Although the Spring 2012 update, released last week...

State Net Capitol Journal – September 17, 2012

Budget & Taxes TOLL ROAD REBELLION IN MD: Many Maryland motorists appear to have little respect for the state's toll roads. Thousands are repeatedly blowing through the state's E-ZPass lanes without an E-ZPass transponder. One car rental company owes the state over $200,000 in...

State Net Capitol Journal – September 17, 2012

Budget & Taxes TOLL ROAD REBELLION IN MD: Many Maryland motorists appear to have little respect for the state's toll roads. Thousands are repeatedly blowing through the state's E-ZPass lanes without an E-ZPass transponder. One car rental company owes the state over $200,000 in unpaid...

State Net Capitol Journal – December 16, 2013; Budget and Taxes: States Rush to Land Boeing

Budget & Taxes STATES RUSH TO LAND BOEING: After Washington machinists rejected a contract last month that would have guaranteed Boeing's planned 777X airliner would be built in that state, the company decided to explore other options for its 777X manufacturing center. And states have been...

State Net Capitol Journal – New York Governor Andrew Cuomo Proposes $2 Billion In Tax Relief

Budget & Taxes NY GOV CUOMO PROPOSES $2B IN TAX RELIEF: Last week, ahead of his State of the State address, Gov. Andrew Cuomo (D) announced a $2 billion tax relief proposal that sent the clear message New York's status as a high-tax state will no longer be tolerated. The proposal's assortment...

State Net Capitol Journal – January 20, 2014; Positive State Fiscal Health Trend Continuing

Budget & Taxes POSITIVE STATE FISCAL HEALTH TREND CONTINUING: The improving fiscal conditions that characterized most states in fiscal 2013 are continuing in fiscal 2014, according to the National Association of Budget Officer's latest fiscal survey of the states. According to NASBO's...

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 on state budgets. As many as a dozen states...

State Net Capitol Journal – March 7, 2016; Brownback Makes Big Cuts to Kansas University System

Budget & Taxes Brownback Makes Big Cuts to KS University System Kansas Gov. Sam Brownback (R) announced plans for a 3 percent immediate cut to the state university system after tax collections came in well below projections last month. The $17 million reduction will be spread across the...