Nation May 14 Pandemic wrecks many state budgets, could trigger deep cuts Many states expect their revenue to plunge by 15% to 20% because government-ordered lockdowns have wiped out much of the economy and caused tax collections to evaporate. By Geoff Mulvihill, Associated Press
Nation Mar 27 Coronavirus deals one-two financial punch to state budgets The sharp drop in revenue could jeopardize some states' ability to provide basic services. By Geoff Mulvihill, Associated Press
Politics Feb 22 Nearly half of states are facing budget shortfalls. Here’s why that matters. Trump and congressional Republicans’ evolving fiscal plans have created uncertainty at the state level, as states scramble to get their finances in order while planning for potential federal tax cuts. Both Mr. Trump and House Speaker Paul Ryan have said… By Gretchen Frazee
Economy Jul 17 Watch States Plagued by Fiscal Problems, Pension Payments Grim findings from a task force come amid further setbacks to the nation's economic health. Jeffrey Brown discusses eroding revenues, state budget cuts and steep pension obligations with former New York Lt. Gov. Richard Ravitch, the report's co-chair, and Susan…
Jul 17 States May Face Their Own ‘Fiscal Cliff’ Soon Enough In March, thousands of students converged on Sacramento to protest budget cuts and fee hikes for the University of California system. Photo by Randy Pench/Sacramento Bee via Getty Images. Undoubtedly, the debate over the federal debt will continue to… Continue reading
Jun 19 Watch Pension Shortfalls Force States to Consider Cutting Benefits Pension Shortfalls Force States to Consider Cutting Benefits… Continue watching
Jul 09 Governors Meet in Boston as State Budget Crises Loom The National Governors Association kicked off its annual meeting Friday in Boston. For three days, the group will tackle health reform, government efficiency, education, the environment and, of course, the economy. As these state leaders gather to discuss… Continue reading
Jan 12 Across the U.S., a ‘Volatile Situation’ for States’ Budgets By Hari Sreenivasan On tonight's NewsHour, we're examining the budget crisis in state capitals across the country, focusing on New York, Colorado, Louisiana, Oklahoma, Idaho and, of course, California. For an overview of the budget crisis facing many states, we spoke with… Continue reading
Jan 08 California’s Budget on the Brink, Again California's budget crisis has turned another page. Gov. Arnold Schwarzenegger declared another budget emergency and called a special legislative session Friday morning, announcing a spending plan that would cut pay for state workers, slash services and seek help from… Continue reading