by | Dec 20, 2018

The U.S. Government Accountability Office (GAO) predicts a stormy fiscal future for state and local governments, with expenses expected to outpace revenues during the next five decades. The GAO report released Dec. 13 said that both expenditures and revenues are…

by | Oct 16, 2018

If states were squirrels most don’t have enough nuts stored for winter – or the next recession. Standard & Poor’s recently released a report that says 30 states don’t have enough reserves to operate at full capacity during the first…

by | Jan 18, 2018

California Gov. Jerry Brown introduced his final budget last week. For a sense of perspective, the first general-fund budget he introduced back in 1975 was for $11.5 billion. His final one spends $132 billion — a whopping $190 billion if…

by | Feb 28, 2017

Governors and state legislators say they are running out of money again, and many are demanding tax hikes to close budget gaps. Here we go again. The cycle in state capitals from Albany to Sacramento is always the same: spend…

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