Heartland Newspapers - Fiscal

Four ‘A’s’ and Five ‘F’s’ In Cato’s Governors’ Report Card

Chris Edwards
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November 06, 2012
The recovery from the recent recession has been very sluggish, and the nation's governors have struggled with the resulting budget deficits, unemployment, and other economic problems in their state

‘Tax Expenditures’ Nearly Match Federal Income Tax Collections

Jeremy Horpedahl
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November 05, 2012
The loopholes known as “tax expenditures” reduce individual and corporate tax obligations by more than $1 trillion each year.

Cook County Okays New Taxes, Cuts Sales Tax

Whitney Stewart
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November 02, 2012
The final costs of purchases of cigarettes, firearms, poker machines, and items totaling more than $3,500 that Cook County, Illinois businesses and residents make outside the county will rise under

Chicago Mayor Warns of Huge Pension Shortfall

Phil Britt
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October 31, 2012
The City of Chicago needs $1.5 billion a year beginning in 2016 to shore up its pensions for municipal workers across police, fire, water, and other municipal departments as well as for elected off

Study: Govt. Accounting Rules Hide $4.6 Trillion of Unfunded Pensions

Frank Keegan
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October 23, 2012
When he describes a fundamental truth of pension accounting universally accepted by economists, Andrew Biggs of the American Enterprise Institute achieves an elegant explanation: “A guaranteed liab

Oil, Gas Exploration Buoy Colorado Budget

Sunana Batra
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October 15, 2012
Legislative economists are expecting a little more revenue for the Colorado state budget than they had projected in June, but they’re tempering their expectations because of concerns about global e

Chicago TIFs Create Just Half the Promised Number of Jobs: Report

Colin Briskman
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October 15, 2012
Barely half the jobs promised by Tax Increment Financing projects that have consumed billions of taxpayer dollars in Chicago have been created, according to an analysis by the watchdog group Illino

Obama, Ryan Budgets ‘Should Define This Election’

Steve Stanek
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October 12, 2012
President Barack Obama’s budget plan would continue policies that have made the economic recovery since 2009 the weakest since the Great Depression, whereas those of Rep.

Camden Fires Its Entire Police Department

Mike Reid
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October 12, 2012
Camden, New Jersey officials plan to fire the city’s police force and replace the officers with nonunion county police by the end of 2012.

FCC Tables Broadband Tax Proposal

Tim Kelly
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October 11, 2012
The Federal Communications Commission has withdrawn a proposal to tax broadband Internet service after a public outcry over the issue.
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