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July 25, 2008 11:14:34 PM CDT

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Stories related to: state spending

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4 Stories

  • April 2008

    • Economic Blues Take Toll on State Budgets

      newser  |  Bloomberg  |  Apr 25, 08 1:21 PM CDT

      Economic Blues Take Toll on State Budgets

      The slumping economy will pummel state budgets in the next fiscal year, leaving them at least $26 billion short, according to a survey from the National Conference of State Legislatures. Payrolls fell drastically in March and consumer confidence is low, a double whammy for state tax revenue. "With a few exceptions, state finances are deteriorating, in some cases considerably,” the survey said. More »

      Tags

      recession  • subprime crisis  • economy  • state governments  • state spending  • budget shortfall  • economy class

  • March 2008
  • December 2007
  • November 2007

    • Calif. Budget Falls Prey to Housing Crisis

      newser  |  Los Angeles Times  |  Nov 6, 07 9:26 AM CST

      Calif. Budget Falls Prey to Housing Crisis

      With the housing crisis laying waste to California’s coffers, Arnold Schwarzenegger yesterday ordered all state agencies to cut budgets by 10%, the LA Times reports. “We are among a handful of states that has a lot of exposure to the housing crash,” said an economist. Property, sales, and income taxes are all down, threatening to balloon the deficit to $10 billion. More »

      Tags

      California  • subprime mortgages  • recession  • housing market  • housing crisis  • foreclosure  • Arnold Schwarzenegger  • state sales tax  • state spending

4 Stories

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