Robert Ward News
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New York Governor Andrew Cuomo’s $136.5 billion budget increases so-called back-door borrowing and relies on optimistic revenue estimates that may not materialize, Comptroller Thomas DiNapoli said.
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U.S. state tax collections rose during the last three months of 2011 at the slowest pace in a year and a half, according to an analysis.
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U.S. state and local-government tax collections grew during the last three months of 2011 at the slowest pace in a year, marking a step back from gains that helped ease the strain on public agencies.
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Three decades after Californians voted to limit their property taxes and helped start a national revolt with Proposition 13, some consequences are still emerging.
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The New York Senate adjourned without voting on a $1 billion package of tax and revenue measures needed to pay for spending bills they passed four days earlier.
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Texas residents passed a $6 billion bond measure to pay for water projects, the largest debt authorization before U.S. voters in elections yesterday, as 21 of the 25 biggest borrowings won approval.
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New York Governor David Paterson delivered 6,709 vetoes -- a stack of paper 31 inches high -- to absent lawmakers, trimming $805.3 million of spending that still doesn’t close the state’s $9.2 billion deficit.
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New York lawmakers expect to adjourn without considering a $1 billion package of tax and revenue measures needed to pay for spending bills they passed two days earlier, Senate Democratic leader John Sampson said.
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Four months before he joined Governor Chris Christie’s administration as New Jersey’s chief economist, Charles Steindel recommended a tax surcharge on the state’s wealthiest residents, a view his current boss opposes.
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U.S. states face a “staggered” recovery even as the national economy shows signs of stabilizing, Susan Urahn, a managing director at the Pew Center on the States, told investors on a conference call.
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