Budget Deficits

December 30, 2015, 5am PST
The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.
AFP
December 29, 2015, 12pm PST
Not only might Alaskans have to pay a state income for the first time since 1980, three years after the Trans-Alaska Pipeline was completed, but Alaska Permanent Fund checks might drop 50 percent to cope with falling crude oil tax revenue.
The New York Times
October 3, 2015, 7am PDT
Something needs to change if Arizona is going to be able to pay the bills for maintaining and building new roads, according to the findings of an audit by the state.
Phoenix Business Journal
January 5, 2015, 2pm PST
The New York State authority with responsibility for the Thruway system, including the Tappan Zee Bridge as the most famous of its 809 bridges, is weathering leadership changes and a dismal budget shortfall.
WNYC
August 3, 2014, 7am PDT
The debate about ending the gas tax to fund transit capital projects has arrived in New York City, where the MTA is beset by a $12 billion shortfall. Although an increase in sales tax has its supporters, Stephen Miller and Move NY support tolling.
Streetsblog New York City
April 9, 2014, 11am PDT
“Vote no on Proposition 1, and send King County government a message that Metro has more work to do on righting its cost structure before asking voters for more revenue,” says an editorial from the Seattle Times.
Seattle Times
August 6, 2012, 9am PDT
Facing crippling deficits that have threatened California's vaunted quality of life, the discovery of more than $286 million in state accounts will come as a welcome relief. A sweeping state audit, however, raises more questions than it answers.
Los Angeles Times
January 5, 2011, 5am PST
This op-ed writer does not look kindly at the 7-year legacy of Gov. Arnold Schwarzenegger. As Gov. Jerry Brown addresses the $28 billion budget deficit left by his predecessor, Joe Mathews considers Schwarzenegger's legacy.
Los Angeles Times - Opinion
November 2, 2010, 11am PDT
Leaders in Seattle are considering a plan to offer naming rights to various parks and civic amenities.
The Seattle Post-Intelligencer
July 21, 2010, 7am PDT
Cities across the country are being forced to outsource or privatize many of their basic civic services like janitors, police and trash collectors due to huge budget deficits. The moves are saving millions.
The Wall Street Journal