State Debt
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The LATEST
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- Stateline Story
Governors Fear Loss of Bond Tax Exemption
A panel of top tax policy analysts has warned the nation’s governors they face an ongoing risk of increased borrowing costs if President Obama and Congress curb or eliminate the tax exemption on municipal bonds to bring down the federal budget deficit. more
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- Stateline Story
Debt Ceilings Without Drama
Most states have rules that limit how much they can borrow. Unlike Congress, however, state lawmakers have almost never used the limits to engage in high-stakes political confrontations – at least not yet. more
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- Stateline Story
Illinois Passes on Pensions, Boots Lawmaker
The Illinois Legislature emerged from a special session Friday with one less lawmaker and no plan to address the state’s soaring pension obligations.
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- Stateline Story
Illinois Lurches Forward, One Budget Crisis at a Time
Illinois faces a series of budget problems, including its latest crisis on pensions. But the drumbeat of bad news makes it easy to miss the big steps the state has already taken. more
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- Stateline Story
Are States’ Unemployment Insurance Loans Dragging Down Economies?
Most states are still paying off those unemployment benefits that went out to millions of those without work during the recession, but it’s the way some are doing it that raises concern. more