Finance News


  • State Reliance on Federal Funding Near All-Time High
  • After years of declining tax revenues and federal stimulus payments, states find themselves relying more on the federal government for cash infusions than ever before. But thanks to the budget sequester, much of that money is about to vanish.

  • Governors Facing Re-Election Cut Taxes with Surpluses
  • Florida Governor Rick Scott shows how governors in at least nine states are approaching re-election campaigns next year by touting surpluses and pitching tax cuts, sometimes relying on one-time revenue to fund the breaks.






  • Christie Vows to Appeal Sports Betting Ruling to U.S. Supreme Court
  • The federal appeals court in Philadelphia handed down a 2-1 ruling today that New Jersey could not implement sports betting because the state’s new law conflicts with a federal statute that bans it in all but four states: Nevada, Delaware, Montana and Oregon.

  • Colleges Clash with Towns over the Cost of Public Services
  • With increased financial pressures on municipalities across the country, as well as on places of higher learning, town-versus-gown squabbles over Pilot payments — an acronym for payments in lieu of taxes — are increasingly common and often contentious.









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