A $44.8 billion spending plan unveiled Tuesday by Gov. Phil Murphy calls for no new taxes and fully funds the state pension program for the first time since 1996.
Entrapping debtors betrays the American idea. It must end.
No one would ever design a legislative body that worked this way.
Is it any wonder that plenty of people are tempted to borrow a whole lot of money to send their kids to college?
Health care and infrastructure spending received significant increases, but fears about inflation could hold back efforts to get the economy surging again.
With commercial real estate slumping, casino interests are lobbying the state to grant early approval for city-based casinos.
Without a full federal aid package, the state would have to cut $2.6 billion in school and Medicaid spending, the governor said.
The value of office buildings and hotel properties, which have all but emptied out since the pandemic began, is expected to take a nosedive.
With the state facing a budget crisis, a Democratic supermajority in Albany may pave the way for new taxes and the legalization of recreational pot.
The University of California is aiding the San Francisco Art Institute, but S.F.A.I. officials say selling a $50 million Rivera could save the school. Former students are outraged.
Last year we were just trying to roll with the punches. Hopefully now we can apply some of those survival skills to our finances.
Virtual cocktail parties have replaced black-tie galas as cultural institutions struggle to pay their operating costs.
The coronavirus has hurt Indiana University of Pennsylvania, but its financial problems were planted years ago.
After calling the measure a “disgrace,” President Trump abruptly signed it, extending expanded unemployment benefits and an eviction moratorium, and averting a government shutdown.
A protracted political crisis revolving around Prime Minister Benjamin Netanyahu’s legal troubles has brought the coalition government to the verge of collapse.
As the pandemic batters the poor, the rich prop up state budgets.
A campaign by conservative activists and disputes over how to divvy up federal assistance have thwarted negotiators. But President-elect Joe Biden will make a new push for such funding next year.
New York’s transportation agency is expected to pass a stopgap budget that omits the draconian cuts transit officials have threatened in recent months.
Liberal critics see compromise with the leaders of Hungary and Poland as betraying pro-European forces in those countries.
Leaders will meet Thursday to work out a compromise with the two holdouts, who have vetoed the bloc’s budget and stimulus plans over threats that they will lose access to funds.
The move comes as the city grapples with efforts to overhaul the department after the police killing of George Floyd.
State governments are offering loans, grants and tax rebates, but budget constraints limit their impact.
Joe Biden promised to be a president for all Americans. Here’s a way to start.
As a standoff over federal aid persists, state and local governments are making deep budget cuts. “Everything’s going to slow down,” one official said.
Prime Minister Benjamin Netanyahu’s coalition partners sided with the opposition in a preliminary vote to bring down the government, which has been largely paralyzed over infighting.
Three savers learned some important lessons early on.
“I have never seen this much anxiety and fear about money,” one financial counselor said.
The New York transit agency has threatened to slash subway and bus service by 40 percent if it doesn’t receive federal aid. What could really happen is a bit more complicated.
The city is already facing a nearly $4 billion budget gap next year, as recovery efforts from the coronavirus are hampered by evidence of a second wave.
After two hurricanes displaced thousands of people and wrecked infrastructure, a bill that cut spending on health and education and bolstered lawmakers’ meal stipends touched off a wave of anger in the capital.
On Wednesday, transit officials announced some new details of proposed service cuts, including slashing weekend service and eliminating bus lines, to address its multibillion-dollar budget hole.
The two illiberal governments, having been enabled by the bloc’s leaders and evaded punishment, now hold a 1.8 trillion euro package hostage.
Voters approved a constitutional amendment to legalize cannabis in New Jersey, putting pressure on neighboring states like New York.
A new report found that service cuts could cost the New York metropolitan area 450,000 jobs by 2022, resulting in $50 billion in lost earnings.
Proposition 13 in 1978 curbed property tax increases. Now voters may strip protection for commercial buildings, helping hard-hit local budgets.
Liberal arts departments, graduate student aid and even tenured teaching positions are targets as the coronavirus causes shortfalls.
Shootings that plagued the city for most of the summer have not abated, and some city leaders question whether the police have backed off enforcement.
With far less money than anticipated, campaign officials are scrambling to address a severe financial disadvantage against Joseph R. Biden Jr., producing something of an internal blame game.
Haley Messner and Tanner Cemper had obstacles to overcome before they could marry. First came their financial issues, then they had to deal with a pandemic.
It created the blueprint for what TV has become. And, while networks and streaming services reap the benefits of PBS’s successes, it is still struggling to survive.
As museum staffs demand social justice in the office, an institution sells off prime works to answer the call. Is this the right way to do it?
Taxes on gasoline and diesel increased by 9.3 cents a gallon on Thursday in a state once known for bargain fuel. The increase came a month after tolls on major roadways also went up.
California has been considering how to adjust with a $55 million budget shortfall. An influx of TV money by staging a football season will help.
The pandemic has crippled tourism, retail and the culture sector. The damage could last years, and layoffs, service cuts and added debt are all on the table.
When a majority of City Council members promised to “end policing as we know it” after George Floyd’s killing, they became a case study in how idealistic calls for structural change can falter.
It is one of the first states to take on debt to plug a budget hole created by the impact of the coronavirus.
The symbolic move, which would yield $860,000 in anticipated savings, could be a precursor to similar maneuvers to slash the budget.
Before he borrows, Mayor de Blasio needs to make significant cuts to avoid greater pain later.
State Democratic lawmakers are pressuring Gov. Andrew Cuomo to approve a tax on the wealthy, fearing that budget cuts will hurt those most in need.