Finance

Who Should Police Municipal Markets?

A questionable bond sale in Illinois has left some wondering why there's no one to stop financially troubled governments from borrowing.

Why States’ Tax-Cut Fever Has Subsided

After watching tax-slashing states struggle financially, some governors and legislators have stopped calling for cuts. But that doesn’t mean they won’t start again.

After Milestone Year of Recovery, State Spending to Slow

States' overall budgets finally surpassed pre-recession peaks this year -- but not everywhere.

The Tricky Trend That’s Blurring Budget Transparency

Governments’ increasing reliance on special funds can put them in financial and legal trouble.

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