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Posts tagged as:

Tax Revenue

As budget woes continue, stimulus funds fade

December 7, 2009 Mississippi

JACKSON – As legislators and Gov. Haley Barbour prepare to pass a budget during the 2010 legislative session, federal stimulus funds will be running out.
Barbour has projected that he and legislators will have to deal with a $715 million shortfall for the upcoming fiscal year, which begins July 1.
And he has estimated that the shortfall [...]

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Lawmaker: Cuts within days

December 2, 2009 Mississippi

A lawmaker expects the governor to announce new budget cuts in the coming days to make up for lost revenue.
The state received about $25 million less than projected in November, according to data released Tuesday by the governor’s office. The state is $136.6 million, or 7.4 percent, short of projected revenue in the first five [...]

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Tucker challenges Jindal on amnesty payment plans — Baton Rouge, LA

November 13, 2009 Louisiana

By MARSHA SHULER Advocate Capitol News Bureau

House Speaker Jim Tucker on Thursday questioned Gov. Bobby Jindal’s plan to use tax amnesty proceeds to help plug a deep health-care funding hole in the next state budget year.
Jindal said last week he wants to use $127 million from the amnesty program to go toward closing an anticipated shortfall [...]

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Louisiana revenue to dip sharply, budget chief forecasts

November 10, 2009 Louisiana

NEW ORLEANS, La. — It isn’t easy being a state government budget chief these days. In Louisiana and across the nation, states are forecasting nearly flat or lower tax revenue for the current fiscal year except in about dozen states, according to a new study by the National Conference of State Legislatures. By Robert [...]

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National study finds Alabama’s poorest pay more income tax than poor of other states

November 5, 2009 Alabama

A national study released Wednesday showed Alabama makes families living in poverty pay higher income taxes than any other state. By The Associated Press, The Birmingham News

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