Finance News


  • North Carolina is 1st State to Forfeit Federal Unemployment Funds
  • With changes to its unemployment law taking effect this weekend, North Carolina not only is cutting benefits for those who file new claims, it will become the first state disqualified from a federal compensation program for the long-term jobless.

  • California Governor Signs Budget with Few Changes
  • Flanked by fellow Democrats and other political allies, Gov. Jerry Brown approved California's new budget Thursday, changing very little of the $96.3-billion spending plan before signing it into law.


  • Some States to Start Collecting New Taxes July 1
  • July 1 is the beginning of the fiscal year in most states, and the preferred start date for new or updated taxes. This year, legislatures changed tax rates on significant parts of the economy, including gasoline or fuel levies, sales taxes and property taxes.


  • Bill Clinton Endorses Online Sales Tax Bill, Says States Need to Budget Better
  • Even though most states are required to balance their budgets, in practice they don't do it, and "years of irresponsible budgeting" have led to the current crisis, Bill Clinton said Tuesday at a symposium in Philadelphia designed to bring attention to the eroding financial condition of state governments.

  • New Arizona Law Limits How Cities Collect Sales Taxes
  • Saying it makes Arizona a friendlier place to do business, Gov. Jan Brewer signed a major overhaul Tuesday of how the state and cities collect sales taxes and audit businesses to ensure compliance.



  • States Look to Address Rising Student Debt
  • As college students across the country are watch anxiously to see if Congress will prevent an interest rate hike on federal student loans on July 1, several states are looking at ways to ease the financial burden of college costs.


  • How Bankruptcy Could Affect Detroit Pensions, Health Care
  • Questions about Detroit emergency manager Kevyn Orr’s plan to pursue “significant” cuts to pensions and to reduce the city’s spending on retiree health care were front-and-center at a meeting Thursday morning between Orr’s advisers and city union leaders.






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