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December 2, 2008 9:44:07 PM CST

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state sales tax

state sales tax news stories

7 Stories

Lean Times Prove Taxing for State Budgets

Shortfalls mean
serious cost-cutting,
fee hikes across US

Wall Street Journal Wall Street Journal Jul 24, 08 9:29 AM CDT
(Newser) - Reduced sales, income, and corporate taxes are forcing states to cut back on services and consider laying off workers as they look for ways to slash spending and balance budgets, the Wall Street Journal reports. The National Conference of State Legislatures says states face a $40 billion budget shortfall as the US economy continues to wallow. More »

More about:  recession • budget deficit • income tax • US states • state sales tax • social services • corporate tax

State Budgets Caught in Economy's Freefall

Spending cuts, tax increases in store

New York Times New York Times Mar 17, 08 12:38 PM CDT
(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 reports. In many places, health care and education are on the chopping block. More »

States Look to Collect Tax on Internet Sales

Many are asking people to fess up
when they fill out their IRS forms

Forbes Forbes Feb 28, 08 10:26 PM CST
(Newser) - As tax time draws near, more Americans may be stumbling upon an extra line on their state returns, Forbes reports. About half of state governments—including New York, Michigan, California, North Carolina, and Ohio—are trying to collect their fare share of sales taxes from Internet sales. Chances remain slim, though, that most buyers will admit—or pay—anything. More »

More about:  California • New York • Ohio • Michigan • North Carolina • retail • online retailers • state governments • income tax • state sales tax • sales tax

Building Costs Pinch Budgets

State and local government now struggling to pay for new projects

New York Times New York Times Jan 26, 08 12:43 PM CST
(Newser) - Rising interest rates, falling tax revenues, and construction costs that have skyrocketed are causing local and state governments to rethink projects as diverse as building new schools, repairing bridges, and roads, even constructing new levees in the Everglades, reports the New York Times. Experts say fast-growing global economies are also competing for building materials, inflating prices further. More »

More about:  state sales tax • new construction • road budget • tax revenue

Calif. Crunch May Force Drastic Cuts

State might slash education funds,
free inmates early

Los Angeles Times Los Angeles Times Dec 22, 07 7:22 PM CST
(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 to explore spending cuts of 10% across the board, which could soften opposition to future tax increases. More »

More about:  California • education • Arnold Schwarzenegger • budget deficit • teacher • state sales tax • state spending • inmates • school budget • prison population

Calif. Budget
Falls Prey to Housing Crisis

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

Los Angeles Times Los Angeles Times Nov 6, 07 9:26 AM CST
(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, and income taxes are all down, threatening to balloon the deficit to $10 billion. More »

States Discover, Spend Surpluses

Embarrassment of riches will benefit education, gay rights, or just make tax cuts

New York Times New York Times Jun 11, 07 11:15 AM CDT
(Newser) - Oversized tax collection has left state governments with unexpected funds to dole out, and newly Democratic governments are working some big-government swagger. The Times reports that more than 40 states have deeper coffers than budgeted, and new money is going to local initiatives in education, health care and gay rights—and back to taxpayers. More »

More about:  Democrats • education • gay rights • taxes • state governments • government spending • state sales tax

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