Scott Pattison News
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Kelly Blair, a banker from the Baltimore suburbs, spends hundreds of dollars online every year buying gifts and household supplies like pet food and shampoo. She doesn’t check to see whether she owes sales tax -- though her home state of Maryland says that she should.
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U.S. governors and legislatures facing deficits of more than $140 billion are slashing local school budgets, cuts that may mean jammed classrooms, fewer teachers and libraries without librarians.
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From Athens to Olympia, Washington, governments made poorer by the recession are looking to higher taxes on the rich for cash.
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Illinois Governor Pat Quinn’s proposal that public employees pay more for pensions is the latest in a series of efforts by dozens of states to control escalating retirement burdens.
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California’s first credit upgrade in six years shows how curbs on pension costs, a voter-backed tax boost and an improving economy have allowed it to exit Wall Street’s basement, leaving Illinois as the lowest-rated state.
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Shaker Heights Mayor Earl Leiken says he wasn’t surprised when voters in the Cleveland suburb, whose services extend to free backyard trash pickup, passed a tax increase to offset state-aid cuts.
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For the past four years, U.S. states struggled to close more than $500 billion of budget shortfalls caused by the recession, ushering in tax increases, spending cuts and clashes with public-employee unions.
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California and New York , after closing budget deficits of more than $27 billion this year, may face $1.3 billion in combined new gaps if the federal capital- gains tax rate doesn’t rise as scheduled, state documents show.
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U.S. state governments are recovering from the recession as tax collections increase, allowing them to spend more on schools and transportation, according to a report.
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U.S. politicians facing budget deficits are gunning for hamlets such as Green Hills , a square- mile Pennsylvania borough with 29 residents that exists to allow alcohol at a golf course.
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