New York City is facing a mammoth $12 billion budget deficit in the next two years, new City Comptroller Mark Levine warned ...

Assuming the T receives the same level of assistance it got from the legislature this past budget cycle, the T expects to ...

The US economy’s real income growth has slowed sharply due to a secular decline in private net investment, undermining ...

The troubled school district has already cut 80 jobs and is now considering using parent volunteers for school security.

As Gov. Gavin Newsom prepares to release his spending plan this Friday, a projected $18 billion deficit awaits. Will he raise taxes or cut spending? Either could spell trouble for Newsom’s legacy.

California governors tend to leave hefty budget deficits behind when they depart, forcing their successors to raise taxes, borrow money or make big spending cuts to maintain solvency. It happened in ...

California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, strong tax revenues.

The Wallingford-Swarthmore School District is headed for a $2.6 million budget deficit, district officials said during a presentation on Tuesday night. At a meeting of the district’s finance committee ...

OAKLAND, Calif. - A new report states California will face an $18 billion budget deficit next year, the fourth year in a row the state's expenses have surpassed its revenues. The Legislative Analyst’s ...

California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly ...

Hopefully state leaders pay attention to these warnings for a change and get ahead of the problems before it’s too late.

Discussing the economic strengths and weaknesses of Maryland can be an interesting affair. On one hand, the state offers numerous natural gifts: a diverse landscape, an educated workforce and a ...