More Budgets and Deficits Articles

  • Michigan police get $43 million in military gear

    Michigan police agencies have received $43 million worth of surplus military equipment, including 17 mine-resistant armored fighting vehicles and 1,795 M16 automatic rifles, since 2006, a review of public records shows.

  • North Carolina session marked by coal ash, teacher pay, length

    The 2013-14 General Assembly will be marked in North Carolina's history books as the first in more than 140 years in which the legislative and executive branches were simultaneously under Republican control. It ushered in a rightward shift in state government philosophy on taxes, education and...

  • In governor's race, Gina Raimondo touts her pension fix

    At first, Gina Raimondo thought solving Rhode Island's pension problem was just a matter of math: Billions of dollars of unfunded benefits were owed to the state's teachers, police officers, firefighters and others.

  • Top bid for tallest New England lighthouse is $78K

    PORTLAND, Maine (AP) — The tallest lighthouse in New England will likely soon have a new owner. The federal government on Sunday closed out an auction for Boon Island Light Station, with the top bidder offering $78,000 for the lighthouse built in 1855 on a tiny rocky island 6 miles off Maine's...

  • Premier FBI cybersquad in Pittsburgh to add agents

    PITTSBURGH (AP) — The FBI's premier cybersquad has focused attention on computer-based crime in recent months by helping prosecutors charge five Chinese army intelligence officials with stealing trade secrets from major companies and by snaring a Russian-led hacking ring that pilfered $100...

  • Work begins on $1.7m flood project in western N.Y.

    BUFFALO, N.Y. (AP) — Work is underway on a $1.7 million project to remove sand, gravel and silt from a creek in western New York to reduce the risk of flooding. Gov. Andrew Cuomo's office said Friday that the dredging work in Cayuga Creek in Erie County is a proactive approach to flood control...

  • Vermont grapples with aging prison facilities

    MONTPELIER, Vt. (AP) — With Vermont's prison facilities aging, lawmakers are beginning to grapple with whether to build new or patch up the old. The state Department of Buildings and General Services shared data with a legislative committee this past week on the maintenance costs of all eight...

  • Fla. earns $1.3 million from unclaimed property

    ORLANDO, Fla. (AP) — The state of Florida has earned $1.3 million from an auction of unclaimed property. State officials said last week that the money will be used for public school funding. The biggest-ticket item sold last weekend at the auction in Orlando was a $24,000 Cartier platinum and...

  • Taxpayers on hook for $6.5M to Bridgegate law firm

    TRENTON, N.J. (AP) — New Jersey taxpayers are on the hook for more than $6.5 million to the law firm Gov. Chris Christie hired to represent his office in the George Washington Bridge lane-closing scandal. The state attorney general's office released recent bills from Gibson Dunn & Crutcher on...

  • Voters to decide fate of Alaska oil production tax

    ANCHORAGE, Alaska (AP) — Amid a fog of conflicting claims, Alaskans head to the polls Tuesday to decide if the state's old system for taxing oil companies, passed in 2007 after some lawmakers were suspected of bribery, is better than the new system, a tax cut passed last year to try to attract...

  • Governor hopefuls target tax talk at middle class

    HARRISBURG, Pa. (AP) — Pennsylvania's middle class is getting a lot of attention from the gubernatorial candidates, especially on the subject of taxes, but the TV campaign messages are typically vague and sometimes just plain wrong. An attack ad for Republican incumbent Tom Corbett warns voters...

  • Va. facing larger budget shortfall than expected

    RICHMOND, Va. (AP) — Virginia is facing a larger shortfall in the current two-year state budget than officials had expected. But officials aren't ready to outline specific cuts. Gov. Terry McAuliffe told the General Assembly's finance committees Friday that officials are projecting a revenue...

  • Rail station bids exceed projected budget

    HONOLULU (AP) — Bids that came in for construction of the first nine stations of a Honolulu rail transit system indicate the project's cost may far exceed estimates. Each of the three bids exceeded the estimate by at least $100 million. The least expensive, a $294.5 million proposal from Nan...

  • NY pension fund estimate reaches $180.7 billion

    ALBANY, N.Y. (AP) — New York's pension fund for state and local government workers reported Friday reaching a record high of $180.7 billion following a 3.6 percent return on investment in the most recent quarter. That includes "solid performance" in domestic and global stocks, which account for...

  • Foreign holdings of Treasury debt top $6 trillion

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time. Total foreign holdings rose 0.6 percent to $6.01 trillion, up from $5.98 trillion in May, the Treasury Department said Friday in its monthly report. The...



From the Weekly Standard