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A collection of news and information related to State Budgets published by Tribune Company sources.
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Economic crisis makes for strange political bedfellows
As a severe fiscal winter sets in, the major political parties may be borrowing more and more - from each other's sales pitches. Elected Democrats - presumed to be pro-tax, pro-spending, and pro-labor - are forced to slash government budgets and will try...Tags: National Government, Genetics, Medical Research, Labor Legislation, Agricultural Research and Technology
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Russians fear financial gain has vanished
Tribune correspondentNIZHNY TAGIL, Russia — In this city of smokestacks, where a sooty haze enshrouds avenues of metallurgical plants and factories, signs are piling up that Russia's economic crisis has metastasized, chipping away at the eight-year resurgence that has...Tags: National Government, Commodity Markets, Dmitry Medvedev, Vladimir Putin, Employees
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Merge Or Kill?
State lawmakers need to be more aggressive with the budget-cutting knife. They took timid steps last month when they voted in special session to trim only $71 million from this fiscal year's budget, which estimates say will be $300 million-plus in...Tags: National Government, Government, Minority Groups, Collective Contract, Budgets and Budgeting
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Don't forgive that way!
The U.S. Treasury has been creating a massive, but hidden, welfare program. Federal Reserve Chairman Ben Bernanke urged its expansion on Thursday. The program derives from the method by which the Treasury, federal agencies and now Bernanke have...Tags: National Government, Fannie Mae, Mortgages, Federal Reserve, Chicago Mortgages
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There's something for everybody in Melville
lisa.doll-bruno@newsday.comTHE SCOOP: Melville is an amalgam of corporations, professional businesses, hotels, eateries, retailers and quiet residential neighborhoods. Most commercial activity is centered on or near the Route 110 corridor. And though the area is sizable and...Tags: Wine, Beer, and Spirits, Heating, Ventilating, and Air Conditioning, Passenger Cars, Tourism and Leisure, Sotheby's Holdings Incorporated
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Dangerous territory
The Nassau Interim Finance Authority's direct oversight of the county is sunsetting with its mission not fully accomplished. Despite NIFA's essential role in rescuing the county from near bankruptcy, Nassau is again borrowing to pay for property tax...Tags: Money and Monetary Policy, Economic Policy, Budgets and Budgeting, Tom Suozzi
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Politicians, transit advocates react to MTA panel plan
melanie.Political leaders and transportation advocates on Long Island, in New York City and in Albany yesterday reacted cautiously - some speaking positively, some distinctly skeptical - to a governor-appointed panel's ambitious plan to bolster the cash-...Tags: Public Transportation, Upper House, Williamsburg (Brooklyn, New York), New York City Council, Michael Bloomberg
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ECONOMIC TURMOIL: Plenty of foreclosures amid holiday season
ellen.yan@newsday.comIn front of a Westbury foreclosure, state and local officials yesterday unveiled their list of 10 "Subprime Scrooges," lenders who have filed the most foreclosure-related starts and auctions for October and November in the New York metro area. The report...Tags: National Government, Mortgages, Advice, Jeff Klein, US Bancorp (Delaware)
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NASSAU: Sales tax revenue falls by 7 percent
The latest state report on Nassau County's sales tax revenue came in at $60.5 million - down 7 percent from $65 million at this time last year, according to the county comptroller's office. "This is the abyss we have been facing. Clearly the trend is not...Tags: Sales, Real Estate Sales
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LETTERS
MTA: Go your own way! The MTA is a typical cost-plus agency with arrogant management, entrenched labor rules and total resistance to any meaningful change. The MTA receives income from fares, tolls, investments, rentals and subsidies from the good ol'...Tags: Judaism, Copiague, Triborough Bridge, Long Island, Robert F. Kennedy
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Fed chief: more action needed to cut foreclosures
Federal Reserve chairman Ben Bernanke called on the government yesterday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions has been taken to ease the housing...Tags: National Government, Fannie Mae, U.S. Department of Treasury, Mortgages, Federal Reserve
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AP IMPACT: Bailout's option to buy bank stocks not attractive option due to plunging stocks
Associated Press WriterStock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis. Shares in...Tags: U.S. Department of Treasury, Business, Northwestern University, Economic Policy, Lockport
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