Norway to Double Its Defence Budget to 3 Per Cent
Norway, a Nordic nation bordering Russia, has announced that it will significantly expand the size of its military over the next 10 years, in the biggest change in modern defense. Norway’s government unveiled a major long-term defense renewal plan on Friday, saying it would push national spending to 3% of GDP by 2036, and the […]
Maryland lawmakers finalizing $63B budget with some tax, fee increases
ANNAPOLIS, Md. (AP) — Maryland lawmakers on Friday announced a $63 billion increase that includes increases in taxes and fees to cover transportation and education costs, although not as much as some lawmakers had hoped. The final vote on the dollar state budget bill is underway. The Democratic-led General Assembly largely kept Gov. Wes Moore’s […]
Mississippi state budget is expected to shrink slightly in the coming year
JACKSON, Miss. (AP) — Budget makers in the Mississippi Legislature will have slightly less money available next year than they did this year. Key members of the House and Senate met Friday and set a revenue forecast of $7.6 billion for the year starting July 1. This is a 1% decrease from this year. Republican-led […]
California lawmakers find solution to cut $17 billion from looming budget deficit
Gov. Gavin Newsom (D-CA) and Democratic lawmakers in California reached an agreement Thursday to slash the state’s massive budget deficit by $17.3 billion through an array of cuts, delays, and deferrals. Though the state’s exact budget deficit is uncertain, the Legislative Analyst Office reported it was $73 billion earlier this year, while Newsom says it’s […]
Kansas Republicans use ‘power of the purse’ to tie up immigration, DEI provisions in budget
Republicans are likely to approve a state budget for Kansas that would force the state’s Democratic governor to limit diversity efforts on college campuses and help Texas in its fight with the Biden administration over border security. It contains provisions aimed at this purpose. Republican negotiators in the state House and Senate agreed to include […]
Bowser unveils 2025 budget plan with emphasis on cuts: ‘This is a critical time’
Washington, D.C., Mayor Muriel Bowser addressed City Council members on Wednesday afternoon after publishing the city’s fiscal 2025 budget, with budget cuts garnering strong reactions from council members. While balancing the budget, Bowser and her administration staff were dealing with a $4 billion deficit over the course of the next four years. In lieu of raising […]
Democrats will have to choose between immigrants and budget cuts
Budget cuts may be coming in Massachusetts, thanks to that state’s handouts to immigrants. Massachusetts House Speaker Ron Mariano, a Democrat, recently hinted that budget cuts may come in fiscal 2026 in order to fund the state’s emergency shelter system. That system now costs the state $75 million per month (and is increasing). “Every program that we […]
California Republicans question Democrats’ $1.5 billion ask for low-income healthcare despite massive budget deficit
California Republican lawmakers are questioning how Democrats will spend an approved $1.5 billion boost to fund Medi-Cal while the state grapples with a budget deficit anywhere from $38 billion to $73 billion, depending on who you ask. With Gov. Gavin Newsom‘s (D-CA) budget, the California Legislative Analyst’s Office reported that the state would spend about […]
NY state budget talks drag on with little clear agreement on Hochul’s housing plan
New York state budget talks will drag on in Albany this week as lawmakers remain optimistic despite indications there is little agreement on key issues such as housing. Dew. Gov. Kathy Hochul is pushing for a sweeping bill aimed at expanding housing development in the Empire State, but the bill is increasingly in doubt as […]
Biden’s $8T budget makes claims of deficit-cutting laughable, economist says: ‘An assault on US business’
One top economist called President Biden’s budget proposal an “attack on American businesses” and characterized the current state of America under the current administration as reminiscent of the dystopian novel “1984.” Steve Moore, a tax hawk who served as chief economist when former House Majority Leader Dick Armey, R-Texas, was chairman of the Joint Economic […]