International Business News - Budget http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif North Dakota's proposed state budget for the next two years is fueled in part by oil money. The state treasury has a fund for surplus oil tax collections, called the Permanent Oil Tax Trust Fund. It's expected to have $562 million by June. http://www.ibtimes.com/articles/20081203/surplus-oil-money-helps-fuel-nd-budget-proposal.htm Wed, 03 Dec 2008 13:31:19 EST One of the critical elements of Gov. Arnold Schwarzenegger's plan to close California's growing budget deficit involves jump-starting the economy with billions of dollars in public works spending. http://www.ibtimes.com/articles/20081203/calif-stimulus-plan-worthy-not-quick-budget-fix.htm Wed, 03 Dec 2008 12:08:24 EST Lawmakers say their first draft of a Mississippi budget is more austere than one offered by Gov. Haley Barbour. But they also say the proposals to divvy up taxpayers' dollars could change significantly before legislators merge their ideas with the governor's and approve a final spending plan several months from now. http://www.ibtimes.com/articles/20081203/miss-lawmakers-ok-1st-draft-of-next-state-budget.htm Wed, 03 Dec 2008 11:34:30 EST The real wages of Ohioans are expected to fall beginning next year for the first time in state history, Gov. Ted Strickland predicted Monday. The dire economic prediction came as Strickland also announced that Ohio's next two-year budget, which begins July 1, faces a projected $7.3 billion deficit, fueled in part by declining wages. http://www.ibtimes.com/articles/20081203/value-of-ohio-residents-wages-set-to-decline.htm Wed, 03 Dec 2008 07:55:03 EST Faced with dwindling revenues in a faltering economy, Gov. Mike Rounds has proposed a $3.7 billion South Dakota budget that would nearly drain the state's main savings account to cover what he called basic needs in education, public safety and care for the needy. http://www.ibtimes.com/articles/20081202/sd-governor-proposes-budget-funded-by-reserves.htm Tue, 02 Dec 2008 18:15:19 EST The New York Senate's Republican majority could push for casino-like electronic games such as blackjack to be added to race tracks statewide, including at a famed Catskills resort. http://www.ibtimes.com/articles/20081202/ny-senate-gop-to-push-casino-like-games-at-tracks.htm Tue, 02 Dec 2008 18:12:42 EST The real wages of Ohioans are expected to fall beginning next year for the first time in state history, Gov. Ted Strickland predicted Monday. The dire economic prediction came as Strickland also announced that Ohio's next two-year budget faces a projected $7.3 billion deficit, fueled in part by declining wages. http://www.ibtimes.com/articles/20081202/governor-ohioans-set-to-lose-wage-power-next-year.htm Tue, 02 Dec 2008 18:04:14 EST Midyear spending cuts likely will be needed to counter a newly projected $342 million state shortfall, the budget adviser for Gov.-elect Jay Nixon warned Tuesday. http://www.ibtimes.com/articles/20081202/adviser-mo-facing-342-million-budget-shortfall.htm Tue, 02 Dec 2008 18:27:24 EST Nevada should get nearly $5.7 billion in taxes, fees, fines and interest income over the next two fiscal years, far below the amount needed to maintain current government service levels, according to projections by a panel of fiscal experts. http://www.ibtimes.com/articles/20081202/panel-nev-will-see-less-revenue-in-next-2-years.htm Tue, 02 Dec 2008 11:17:36 EST The Rhode Island House Finance Committee says nearly half of all state agencies overspent their budgets last year, and many are on track to do the same this year. http://www.ibtimes.com/articles/20081202/ri-finance-panel-says-20-state-agencies-overspent.htm Tue, 02 Dec 2008 10:09:49 EST November was the seventh straight month that Pennsylvania's revenue collections fell short of expectations. The state Revenue Department said Monday that November collections were a total of $1.6 billion. That is more than 5 percent less than projections. http://www.ibtimes.com/articles/20081202/november-is-another-slow-month-for-pa-revenues.htm Tue, 02 Dec 2008 10:06:46 EST Kentucky Gov. Steve Beshear is meeting with President-elect Barack Obama and other governors this week and said Monday he plans to ask for federal help in covering state expenses such as Medicaid and unemployment benefits. http://www.ibtimes.com/articles/20081201/gov-beshear-to-ask-obama-for-help-with-ky-budget.htm Mon, 01 Dec 2008 17:07:39 EST Gov. Arnold Schwarzenegger declared a fiscal emergency Monday and called lawmakers into a special session to address California's $11.2 billion deficit. http://www.ibtimes.com/articles/20081201/schwarzenegger-declares-fiscal-emergency-in-calif.htm Mon, 01 Dec 2008 16:58:37 EST Unique challenges in 2008--including an economy in recession--has a group representing more than 3 million U.S. businesses on pace to spend even more on lobbying this year than it has in other election years. http://www.ibtimes.com/articles/20081201/chamber-of-commerce-lobbying-budget-grows-in-2008.htm Mon, 01 Dec 2008 16:12:14 EST Ohio Gov. Ted Strickland on Monday announced a new $640 million state budget gap, the third deficit this budget cycle, and said the next two-year budget could be as much as $7.3 billion in the red. http://www.ibtimes.com/articles/20081201/ohio-governor-announces-640-million-budget-gap.htm Mon, 01 Dec 2008 15:34:04 EST For most Kansas legislators, their least favorite word is 'no'--as in "no, you can't do this" or "no, you can't have that." But it's going to be a word they'll be saying a lot during the 2009 legislative session. http://www.ibtimes.com/articles/20081201/analysis-kansas-lawmakers-will-learn-to-say-no.htm Mon, 01 Dec 2008 11:15:16 EST Illinois government faces a budget crisis. A big one. The deficit is growing, bills are piling up, state services are being cut and officials have no easy ways of cleaning up the mess. http://www.ibtimes.com/articles/20081201/ill-budget-troubles-raise-plenty-of-questions.htm Mon, 01 Dec 2008 11:07:32 EST They're warning it'll be bad, but just how big Minnesota's coming budget deficit is a guessing game until Thursday. That's when state finance officials present their economic forecast. The consensus is that it will show a deficit in the billions that lawmakers will have to correct in next year's session. http://www.ibtimes.com/articles/20081201/minn-officials-deliver-budget-news-on-thursday.htm Mon, 01 Dec 2008 10:35:50 EST A more than $450 million hole in Kentucky's state budget is likely to fill much of the General Assembly's time when lawmakers convene in January. Gov. Steve Beshear has predicted drastic funding cuts "that will bring pain to our people," and he's suggested a possible special session for lawmakers to deal exclusively with Kentucky's budget problem. http://www.ibtimes.com/articles/20081201/budget-shortfall-looms-large-for-ky-legislature.htm Mon, 01 Dec 2008 10:32:31 EST Arizona state government recorded another bad month for tax collections in October. The Legislature's budget staff reported Friday that October tax receipts were $120 million less than projected in the current budget. http://www.ibtimes.com/articles/20081128/oct-state-tax-revenue-120m-less-than-projected.htm Fri, 28 Nov 2008 15:05:41 EST