www.theguardian.com2 months agoUK politicsMinisters call for much greater pace' of UK defence investmentCall for increased defense spending to 2.5% of GDP Concerns over lack of credible plan for defense funding [ more ]
www.standard.co.uk2 months agoLondonGovernment grants 54m loan for near-bankrupt Havering Council to balance its budgetYears of underfunding from the Government have left the council with a significant budget gap. The council is seeking a loan to balance the budget for the upcoming financial year and plans to increase council tax and make savings. [ more ]
New York Post3 months agoNYC politicsHochul's budget isn't terrible - but will she stand up to lawmakers who will want to make it so?Gov. Hochul's budget proposal for next year does not include any new taxes. The budget aims to keep overall spending roughly flat and slow the growth of school aid. [ more ]
www.amny.com3 months agoNYC politicsMayor Adams' $109B preliminary budget restores funding to some agencies, but still contains broad cuts | amNewYorkMayor Eric Adams unveiled a preliminary budget of $109.4 billion that fully closes a projected $7 billion gap. Adams plans to pull back on some of his proposed spending cuts but still includes broad trims. [ more ]
POLITICO4 months agoNYC politicsHochul talks 2024 priorities in NY, but refrains from new plans for migrant, housing woesGovernor Hochul's speech and policy proposals largely repeated ideas that have already been unveiled or supported by previous administrations. She emphasized the need to make New York more affordable and safe, focusing on issues that have resonated with voters in recent years. [ more ]
New York Post4 months agoNYC politicsNY lawmakers head back to Albany for 2024 session - as tensions simmer with Gov. HochulTensions between Governor Kathy Hochul and state legislators have resurfaced after Hochul vetoed several bills, sparking a combative atmosphere. Governor Hochul's push for major action on housing is expected to cause further tension with the legislature. [ more ]
Cbsnews4 months agoNYC politicsMayor Eric Adams considering tax hikes to address multi-billion dollar budget gapMayor Eric Adams is considering tax hikes to address a multi-billion dollar budget gap in New York City. The budget gap is caused in part by the asylum seeker crisis and the reduction in federal aid for COVID. [ more ]
Sacramento Bee4 months agoCaliforniaCalifornia Democrat pushes wealth tax as $68 billion deficit looms. Why it's getting attentionA California Democrat is renewing efforts to tax wealthy residents' net worth as a solution to the state's budget gap. Assemblyman Alex Lee's bill, AB 259, would institute a 1% tax on the net worth of residents with more than $50 million in assets. [ more ]
The Sacramento Bee4 months agoCaliforniaCalifornia lawmakers finally tackle reparations. Will $68 billion budget deficit get in the way?California lawmakers next year face huge political and financial challenges as they seriously consider reparations for Black descendants of slaves.
The Sacramento Bee5 months agoCalifornia'Everything is on the table' to fix $68 billion California budget gap - even a fiscal emergencyCalifornia lawmakers will return to deal with a $68 billion budget gap Tax revenue shortfall has created a serious budget deficit for the 2024-2025 fiscal year [ more ]