state spending

12 Stories

States, Cities Gutted Spending in 2011

Medicaid, state jobs, infrastructure hit

(Newser) - The final three months of 2011 saw states, cities, and school districts making their biggest spending cuts in a decade, USA Today reports. Spending dropped 1.6% from the same period the year before, plummeting by $26 billion. The result: States are seeing their smallest shortfalls in years, and in...

Wisconsin Gov. Unveils Deep Spending Cuts

Scott Walker seek $4.2 billion in cuts, warns they could go even deeper

(Newser) - Gov. Scott Walker unveiled a budget plan Tuesday that balances the Wisconsin's budget by cutting more than $1 billion in state aid to schools and local governments. The Republican said the state is broke and the cuts are necessary to deal with a projected $3.6 billion deficit over the...

Obama's Health Plan Will Crack Whip on States

States mishandle Medicaid, get bullied by private firms: doctor

(Newser) - Doctors nationwide are “outraged” by President Obama’s health care plan, but “I call it progress,” writes one Missouri physician for Salon. The reform would take oversight out of the hands of states, which seemingly specialize in “lax regulation of private insurers” and poor handling of...

Plan to Free 27K Inmates Threatens Calif. Budget Deal

(Newser) - A plan to slash the number of inmates by 27,000 could sink California's long-delayed budget deal, the Los Angeles Times reports. Angry Republican state lawmakers threatened to back out of the agreement after learning of the plan, which would give prison officials authority to let any inmate over 60...

Calif. Finally Forges Budget Deal
Calif. Finally Forges
Budget Deal
Jul 21, 2009 1:48 AM CDT

Calif. Finally Forges Budget Deal

Plan calls for massive cuts to close $26B budget hole

(Newser) - After weeks of wrangling, Gov. Arnold Schwarzenegger has made a deal with state lawmakers to close the $26 billion hole in California's budget, the Sacramento Bee reports. Leaders believe the plan—which involves massive spending cuts and borrowing from city governments—is solid enough to secure billions of dollars in...

Obama Pledges Money for States at Govs' Meeting

Offers 'hand of friendship' to Republicans as well

(Newser) - States can count on some federal greenbacks soon, Barack Obama promised today in an appearance at the National Governor’s Association conference, reports CNN. Obama said he understood the budget shortfalls 41 states are facing this year or next and that help would be coming. “To my Republican colleagues,...

States Fret as Road Salt Grows Scarce, Pricey

Last year's winter depleted reserves

(Newser) - Road salt is stressing state and municipal budgets as shortages drive prices up well past what local governments have paid in the past, USA Today reports. A harsh winter last year left many states with no salt reserves to carry over, meaning they have to fully restock at inflated prices....

Creamery Biz Milked Subsidies Under Palin

Case gives ammo to critics of Palin's Alaska spending record

(Newser) - Critics who say Sarah Palin is not as fiscally conservative as she claims are questioning extended subsidies paid to a state-run creamery, the Wall Street Journal reports. The Alaska Creamery Board recommended closing the operation in 2007 after it fell $1.5 million in the red. Palin instead fired the...

Economic Blues Take Toll on State Budgets

Declining tax revenue may leave them $26B short next fiscal year

(Newser) - 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...

State Budgets Caught in Economy's Freefall

Spending cuts, tax increases in store

(Newser) - Politicians from New York to California are wringing their hands, wondering whether to cut spending or raise taxes. As the economy barrels towards recession, income and sales taxes are coming in well below expectations, and about half the states in the country are facing budget shortfalls, the New York Times...

Calif. Crunch May Force Drastic Cuts

State might slash education funds, free inmates early

(Newser) - California's dire financial straits may force the early release of 30,000 low-risk inmates and bring drastic cuts in education, the Los Angeles Times reports. Arnold Schwarzenegger will declare a fiscal emergency next month as the state wrestles with a $14.5 billion budget gap. The governor has ordered agencies...

Calif. Budget Falls Prey to Housing Crisis

Governator orders across-the-board cuts as deficit nears $10B

(Newser) - 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,...

12 Stories