More Budgets and Deficits Articles

  • State office building racks up millions in repairs

    SACRAMENTO, Calif. (AP) — During her final years working for the state tax board, Peggy Robinson went to work afraid of the building mold that she says left her with constant coughing, headaches and skin rashes. She also recalls water problems culminating in burst pipes flooding floors and...

  • Tight Illinois budget still contains pet projects

    CHICAGO (AP) — The new state budget signed by Gov. Pat Quinn last week left lawmakers from both parties unhappy — but it didn't leave them empty-handed. Among expenses in the $35.7 billion spending plan, tucked into a document thousands of pages long, are millions of dollars for pet...

  • Deadline approaches for bankruptcy plan vote

    DETROIT (AP) — The most anticipated vote in Detroit this summer isn't for a city office. Instead, ballots due by Friday from city retirees could determine how quickly Detroit exits its historic bankruptcy and how much of the financial weight pensioners will bear. Non-uniformed retirees are...

  • California lawmakers OK stealth bomber tax break

    SACRAMENTO, Calif. (AP) — A corporate battle over a giant Pentagon contract to build stealth bombers spilled into the California Legislature on Thursday, as lawmakers grudgingly rushed through a $420 million tax credit for an aerospace contractor before adjourning for their monthlong summer...

  • Juneau lays off staff to meet $6M budget deficit

    JUNEAU, Alaska (AP) — A new fiscal year means layoffs for Juneau, where the combined city and borough was dealing with a $6 million deficit. Juneau has cut the equivalent of 12 fulltime employees as of Tuesday. KTOO reports (http://is.gd/jNXyd8) other employees have had their hours cut, and...

  • Virginia college savings plan tops $50B

    RICHMOND, Va. (AP) — Virginia's prepaid college tuition program has reached a milestone with more than $50 billion in assets under management. The Virginia529 College Savings Plan said Wednesday that the figure represents the college savings of 1.4 million account owners. According to the...

  • Road projects delayed because of federal shortfall

    FRANKFORT, Ky. (AP) — Kentucky transportation officials have delayed $185 million worth of road construction projects - including a project to widen a dangerous stretch of I-65 -because of a looming shortfall in the federal Highway Trust Fund. The trust fund is the main way states pay for...

  • US govt get $946M from Puerto Rico's Popular bank

    SAN JUAN, Puerto Rico (AP) — The U.S. Treasury Department says the government has received a total of $946 million in repayment from the Puerto Rican bank Popular Inc. as part of a federal bailout program. The treasury said Wednesday that Popular was the largest bank that remained in the...

  • Missouri city opts not to pay for flood protection

    CLARKSVILLE, Mo. (AP) — For years, tiny Clarksville has paid for temporary sandbag walls to protect its quaint business district and historic waterfront homes from Mississippi River flooding. But unwilling to raid its coffers again despite rising water levels, the city has left it to...

  • Maryland board cuts $77 million from state budget

    ANNAPOLIS, Md. (AP) — The Maryland Board of Public Works approved an $84 million plan on the second day of the fiscal year Wednesday to address state revenues that are underperforming. The board includes Gov. Martin O'Malley, Comptroller Peter Franchot and Treasurer Nancy Kopp. It voted 3-0...

  • Mike Pence submits request for Medicaid alternative

    Gov. Mike Pence on Tuesday asked that the federal government expand health care coverage for Indiana's low-income residents using a state-run alternative to traditional Medicaid.

  • Arkansas lawmakers OK insurance, lotto, prisons bills

    Arkansas lawmakers gave final approval early Wednesday to bills addressing teacher health insurance premiums, prison overcrowding and new limits on the lottery, wrapping up a special legislative session that left unresolved until next year the long-term questions surrounding the three issues.

  • CFPB's renovation costs skyrocket to $216 million; IG sees 'no sound basis' for it

    Renovation costs for the Consumer Financial Protection Bureau's Washington headquarters have gone up another $65 million in the past six months, and there's no "sound basis" for the renovations, an internal government watchdog says.  

  • Dead ahead: A pothole in highway construction aid?

    WASHINGTON (AP) — As the summer driving season swings into full gear, states can expect a large pothole in their construction budgets if Congress doesn't reach an agreement quickly on how to pay for federal highway and transit programs, President Barack Obama and his top officials are warning....

  • VIDEO --- President Obama: 'Just fix some bridges and roads'

    President Obama has turned his sights to the looming deadline to replenish the Highway Trust Fund. He's laying out the issues that lie ahead should congress not act to stabilize a fund that is projected to run dry by the end of August.



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