Articles for State Deficit

Is the Centre being iniquitous in State transfers?
5 months, 1 week ago

Is the Centre being iniquitous in State transfers?

The Hindu  

Following the Union Budget, Opposition Chief Ministers have boycotted and walked out of the NITI Aayog meeting chaired by the Prime Minister alleging that the Centre is discriminating against non-NDA States. R. Ramakumar: There are different types of transfers from the Centre to States: devolution of taxes, loans, finance commission grants and, non-finance commission grants, which are essentially discretionary grants. …

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Queensland forecast to record budget deficit of $3bn. Economists explain what's to blame
7 months, 3 weeks ago

Queensland forecast to record budget deficit of $3bn. Economists explain what's to blame

ABC  

Queensland is forecast to record back-to-back deficits over the next two years, in what the state government says is a deliberate move to support those struggling with the cost of living. "If our budget has to go into deficit to keep your household budget in surplus, then that is what we will do," Mr Dick told state parliament on Tuesday. …

Budget Prices Revenue Spending State Deficit Queensland
Single-payer healthcare meets its fate again in the face of California’s massive budget deficit
7 months, 4 weeks ago

Single-payer healthcare meets its fate again in the face of California’s massive budget deficit

LA Times  

Supporters of single-payer healthcare march to the Capitol on April 26, 2017, in Sacramento. The latest attempt to bring a single-payer healthcare system to California failed in the state Legislature on Thursday, undercut by its steep price tag as lawmakers struggle with a mounting budget shortfall. “Losing the opportunity to advance the bill this year means further unnecessary delays in …

Healthcare Bill Kalra Calcare California Nurses
Opinion: California’s budget deficit will force difficult cuts. This one should be the easiest
8 months, 2 weeks ago

Opinion: California’s budget deficit will force difficult cuts. This one should be the easiest

LA Times  

A fence topped with razor wire at California State Prison, Sacramento. Gavin Newsom has closed corrections facilities, the state’s shrinking incarcerated population could enable several more. This can be accomplished safely thanks to important reforms that have confronted our state’s incarceration crisis and reduced its prison population. Gavin Newsom has closed two prisons and eight yards — each state prison …

Prison Budget California State Billion Californians Corrections
Opinion: California has a $38-billion deficit. So why are we still paying for prisons we don’t need?
11 months, 1 week ago

Opinion: California has a $38-billion deficit. So why are we still paying for prisons we don’t need?

LA Times  

Facing a state budget deficit of at least $38 billion, Gov. It’s also caused intergenerational harm to Black communities and other marginalized Californians despite unprecedented public awareness of the systemic problems and wasteful spending endemic to state prisons. The state’s 2011 prison realignment was a turning point in reducing incarcerated populations, though the savings were often mismanaged and diverted to …

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California faces record $68 billion budget deficit, nonpartisan legislative analyst says
1 year, 1 month ago

California faces record $68 billion budget deficit, nonpartisan legislative analyst says

Associated Press  

SACRAMENTO, Calif. — California is facing a record $68 billion budget deficit, state officials announced Thursday, forcing hard choices for Democratic Gov. When combined with the economic slowdown California has been facing since last year, it leads to a predicted deficit of $68 billion, Legislative Analyst Gabriel Petek announced Thursday. The California Department of Finance estimates that wage increase will …

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After years of surpluses, California headed toward a deficit
2 years ago

After years of surpluses, California headed toward a deficit

Associated Press  

SACRAMENTO, Calif. — From a budget perspective, the first four years of California Gov. Tuesday, Newsom announced California likely won’t collect enough money in taxes to pay for all of its obligations, leaving a $22.5 billion hole in its budget. State Sen. Roger Niello, the top Republican on the state Senate’s budget-writing committee, said lawmakers need to focus on areas …

Climate Money Budget California State Billion Deficit Newsom
The state of state government finances
6 years, 5 months ago

The state of state government finances

Live Mint  

Even though state governments collectively spend much more than the Union government every year, state budgets do not attract the attention they deserve. Some financial market analysts keep an eye on state budgets, but it remains largely an academic exercise since bond market investors neither reward nor punish states depending on their fiscal situations. While the deterioration in 2015-16 and …

India States State Government Loan Central Higher Recent Years