budget deficit « Questions for America

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February 19th, 2010 | Tags: budget deficit, Budget Ethics, CPA Continuing Education, Municipal Ethics

…states — which continue to face huge budget shortfalls that they must close — are taking steps now to plan their budgets for state fiscal year 2011, which starts on July 1, 2010 in most states.

…Presuming they will get no more fiscal relief, states will have to take steps to eliminate deficits…

…That, in turn, could [...]

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Los Angeles Budget Cuts

February 6th, 2010 | Tags: Accounting Ethics, Budget Cuts, budget deficit, California, CPA Continuing Education, Los Angeles

Council Committee Recommends Cuts To Police, Fire Departments

…the Los Angeles City Council’s Budget and Finance Committee on Monday recommended that cuts be made to the police and fire department…

The city is operating $208.5 million in the red and must make drastic cuts to make its fiscal budget by July. City Administrative Officer Miguel Santana is [...]

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Remember Greensboro’s $500,000,000 incinerator idea?

February 4th, 2010 | Tags: budget deficit, Greensboro, Guilford County, Incinerator, Political Ethics, Risk and Return, Tax Ethics

Pennsylvania State Capital Mulls Bankruptcy as a Budget Option

Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year…

…The $68 million in debt service payments that Harrisburg faces in connection with the construction of a [...]

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On High Point’s $8 million budget deficit: If High Point says about $2.5 million of shared revenue with Guilford County is at risk and may have to fund more road maintenance…?

February 3rd, 2010 | Tags: Accounting Ethics, budget deficit, CPA Continuing Education, Greensboro

High Point tries to close widening budget gap

The city is facing an estimated $8 million budget deficit through the next two years, as the recession has brought about lower-than-expected revenues.

…A $3 million shortfall is projected for the current $320.4 million budget, and officials forecast a $5 million shortfall through 2010-11. In addition to sales tax, [...]

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Los Angeles Budget Cuts

Remember Greensboro’s $500,000,000 incinerator idea?

On High Point’s $8 million budget deficit: If High Point says about $2.5 million of shared revenue with Guilford County is at risk and may have to fund more road maintenance…?

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