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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: state sales tax

state sales tax stories: 9 news summaries

Fed Dollars Overtake Taxes as States' Top Income Source

Federal money exceeds revenue from major taxes for first time ever

May 5, 09 11:44 AM CDT
(Newser) - For the first time, state governments are receiving more money directly from the federal government than they collect in sales, property, and income taxes, reports USA Today. As the economic downturn saps tax revenue, stimulus money has filled the gap. Says an analyst, “This has more to say about... More »

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income tax • economic stimulus package • state sales tax • budget shortfall • property tax • state budgets

Cash-Strapped States Raise Taxes as Revenue Declines

At least 10 states face substantial budget gaps

Apr 9, 09 7:31 AM CDT
(Newser) - A precipitous decline in tax revenue has at least 10 states considering major increases in sales or income taxes to close budget gaps that in some cases run into the billions, the Wall Street Journal reports. States like Oregon, facing a $4.4 billion budget gap and 10.8% unemployment,... More »

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California • taxes • income tax • Arizona • New York • Oregon • unemployment • tax revenue • budget gap • state sales tax • payroll taxes • state budgets

Lean Times Prove Taxing for State Budgets

Shortfalls mean
serious cost-cutting,
fee hikes across US

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... More »

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

State Budgets Caught in Economy's Freefall

Spending cuts, tax increases in store

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 ... More »

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education • health care • California • Arnold Schwarzenegger • US states • recession • state spending • state governments • subprime crisis • state sales tax • economy • budget shortfall

States Look to Collect Tax on Internet Sales

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

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,... More »

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

Building Costs Pinch Budgets

State and local government now struggling to pay for new projects

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... More »

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road budget • new construction • tax revenue • state sales tax

Calif. Crunch May Force Drastic Cuts

State might slash education funds,
free inmates early

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... More »

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education • California • Arnold Schwarzenegger • state spending • inmates • prison population • school budget • California Senate Budget Committee • Los Angeles Unified School District • Proposition 98 • budget deficit • state sales tax • teacher

Calif. Budget
Falls Prey to Housing Crisis

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

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,... More »

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

States Discover, Spend Surpluses

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

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—... More »

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

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