State Budgets

An Illustrated Guide to the State Budget Tobacco Bond Time Bomb

An Illustrated Guide to the State Budget Tobacco Bond Time Bomb
Billions of dollars were promised to the American people after Big Tobacco's landmark settlement with the states. Government officials said it would be better to get the cash now (and to cover all sorts of budgetary needs), so the money was put into bonds. A bond is like a loan and like a loan, states spent that money. Now what?
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Cezary Podkul and David Sleight
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Strange: Half a Pie Delivered to Every PA Legislator to Symbolize Tax Cuts

Strange: Half a Pie Delivered to Every PA Legislator to Symbolize Tax Cuts
Advocates delivered half a pie to every Pennsylvania legislator Tuesday. Why half a pie? To remind them that a decade of large tax cuts for businesses has left schools, health care services and local communities with a smaller share of the state budget pie.
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