Finance News

  • Court: California's High-Speed Rail Violates State Law
  • A Sacramento Superior Court judge delivered a major rebuke to the California bullet train project Friday, ruling that the state failed to comply with requirements on funding and environmental reviews imposed by voters.


  • Foreclosure & the Eminent Domain Solution Explained
  • Richmond, Calif.’s plan -- which dozens of localities are considering -- is facing legal and legislative challenges. What are the pros and cons of seizing underwater mortgages using eminent domain?

  • Minnesota Governor Issues Ultimatum for Special Session
  • Gov. Mark Dayton delivered an ultimatum to GOP legislators Tuesday: He won’t call a special session unless they agree to limit its scope to approving disaster relief and repealing a much-criticized tax on farm machinery repairs.

  • Suburban Poverty on the Rise
  • Metropolitan suburbs have seen the largest and fastest-growing poverty rates in America over the past decade, according to a study released this week by the Brookings Institution.

  • Massachusetts Ties Community Colleges' Funding to Their Performance
  • Massachusetts has launched a new way of funding community colleges, for the first time tying a large portion of each college’s budget to its ability to improve graduation rates, meet the state’s workforce needs, and help more minority students thrive.

  • Minnesota Gov. Wants to Repeal New Farm Tax
  • Gov. Mark Dayton said he supports repealing a new farm equipment tax during a brief special session next month that he previously insisted would be limited to storm relief.

  • In Detroit's Shadow, a Michigan County Delays Bond Sale
  • Michigan's Saginaw County on Thursday postponed a $60.55 million pension obligation bond sale, the latest sign of how Detroit's bankruptcy filing is affecting access to the municipal bond market by other localities in the state.



  • Trenton Mayor Asks Christie for $46.4M to Combat Surge in Homicides
  • Mayor Tony Mack, who laid off 100 police officers in 2011 amid sweeping city budget cuts, sent the letter before a violent weekend in Trenton that included four homicides and brought the city's total for the year to 27. The record for homicides in Trenton is 31 set in 2005.

  • New Jersey's Medical Marijuana Program is Nation's Most Expensive
  • From registration fees and required multiple doctor visits that insurance won’t cover, to sales tax and the price of pot, New Jersey’s costs are generally higher than the 10 other states and Washington, D.C., that permit medical marijuana retail sales, according to a Star-Ledger analysis.


  • New York State Investigates Disqualification of Customers by Banks
  • New York State’s top prosecutor is investigating some of the nation’s largest banks in connection with their use of credit-reporting databases that disqualify people seeking to open checking or savings accounts — an inquiry that has gained urgency as the ranks of the unbanked has swelled in the aftermath of the financial crisis.





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