Read more budget shortfall stories on Newserhttp://www.newser.com/taggrid/26230/budget-shortfall.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 18:21:29 CSThttp://www.newser.com/story/68527/chicagoans-cool-off-on-olympic-bid.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLocal support for Chicago's bid to play host to the 2016 Olympics has fallen sharply, with public opinion evenly split, the Chicago Tribune reports. Just 47% of Chicagoans in a new poll support the mayor’s initiative—a 14-point slide—while 45% oppose it. The main issue is expense: 84% disapprove...http://www.newser.com/story/68527/chicagoans-cool-off-on-olympic-bid.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 03 Sep 2009 10:20:31 CDThttp://www.newser.com/story/64041/banks-wont-honor-calif-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMajor banks in California, including Bank of America and Wells Fargo, will stop honoring the state's IOUs after today, reports the Los Angeles Times . While some credit unions may cash the promissory notes, taxpayers and vendors who need cash may be tempted to sell them on the cheap to third-party...http://www.newser.com/story/64041/banks-wont-honor-calif-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 10 Jul 2009 5:37:06 CDThttp://www.newser.com/story/62747/calif-may-need-to-issue-ious-next-week.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCalifornia’s finances are so dire that the state controller says he’s going to have to start doling out IOUs to creditors soon, reports the Los Angeles Times . Likening the situation to the Great Depression, John Chiang says he’ll have to issue IOUs to social-service agencies, private contractors, vendors, and others...http://www.newser.com/story/62747/calif-may-need-to-issue-ious-next-week.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 24 Jun 2009 16:59:46 CDThttp://www.newser.com/story/58393/calif-could-go-bust-by-july.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCalifornia could be broke by July if voters reject a handful of upcoming budget proposals, the Los Angeles Times reports. Officials predict the state will fall as much as $23 billion short if the unpopular propositions fail. To save money, the state may commute the sentences of 38,000 “low-risk”...http://www.newser.com/story/58393/calif-could-go-bust-by-july.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 08 May 2009 3:51:48 CDThttp://www.newser.com/story/58118/fed-dollars-overtake-taxes-as-states-top-income-source.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFor the first time, state governments are receiving more money directly from the federal government than they collect in sales, property, and income taxes, reports USA Today . As the economic downturn saps tax revenue, stimulus money has filled the gap. Says an analyst, “This has more to say about the...http://www.newser.com/story/58118/fed-dollars-overtake-taxes-as-states-top-income-source.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 05 May 2009 11:44:03 CDThttp://www.newser.com/story/55093/stimulus-deadline-looms-for-skeptical-sc-gov-sanford.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSouth Carolina Gov. Mark Sanford has until Friday to choose between the philosophical and the fiscal as the deadline to accept $700 million in federal stimulus money approaches, the Wall Street Journal reports. Sanford wants authority over the funds, earmarked for education and public safety, and has pledged to refuse...http://www.newser.com/story/55093/stimulus-deadline-looms-for-skeptical-sc-gov-sanford.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 02 Apr 2009 8:43:45 CDThttp://www.newser.com/story/51054/oils-plunge-trouble-for-palin.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSarah Palin's first two years as Alaska's governor were a time of milk, honey, and crude, with sky-high oil prices pumping wealth into the state. The second half of her term isn't looking so rosy. The rapid decline of oil prices has left the state with a looming budget shortfall...http://www.newser.com/story/51054/oils-plunge-trouble-for-palin.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 17 Feb 2009 8:37:24 CSThttp://www.newser.com/story/50472/governors-back-house-on-stimulus.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith the House and Senate reconciling their competing stimulus bills, governors are pushing for the House version to prevail, the Washington Post reports. States would receive billions in aid if that version goes through—or next to nothing if the Senate's legislation passes. "If the Senate version holds, there will...http://www.newser.com/story/50472/governors-back-house-on-stimulus.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 11 Feb 2009 8:02:06 CSThttp://www.newser.com/story/49073/patersons-poll-numbers-tank-after-debacle-with-caroline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNew York Gov. David Paterson's poll numbers have hit the toilet as he grapples with a $15.8 billion deficit and reaction to his handling of the Caroline Kennedy Senate decision, reports the New York Daily News . The numbers have so spooked Paterson that he's decided to ditch his trip...http://www.newser.com/story/49073/patersons-poll-numbers-tank-after-debacle-with-caroline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 27 Jan 2009 7:20:34 CST