In last few years, there has been a controversial change to federal pension regulations, but critics say they might leave plans even more dangerously short of money. The situation is ominous. A shortfall threatens to wreak havoc with corporate balance sheets and dangerously strain the federal government insurer that backs...
After tossing in extra money for installing solar panels and repairing damage from a La Honda landslide, San Mateo County supervisors Tuesday approved a $1.79 billion budget for the 2008-09 fiscal year. The budget came in higher than the one presented in May, when retiring County Manager...
The "baby boomers," Americans born between 1946 and 1966, are moving like a wave into their 40s and 50s. Unfortunately, many of them are facing new financial pressures. Their kids may need help paying for increasingly expensive colleges. Their folks are getting older...
Walnut Creek's budgeting process and creation of a 10-year capital spending plan are the focuses of a special City Council meeting tonight. The budgeting changes would allow the council to better anticipate budget shortfalls and address them ahead of time rather than having to deal with problems...
LINTHICUM HEIGHTS, Md. -- Foundation Coal Holdings, Inc. (NYSE:FCL) today announced that its Board of Directors authorized a $100 million increase to the company's existing share repurchase program. To date, Foundation has repurchased approximately $72 million worth of stock, leaving an available authorization of approximately $128 million for additional repurchases....
Utah legislators were well on their way Friday afternoon to wrapping up a special session that trimmed $272 million from current state spending and plugged an $82 million cash hole left over from last fiscal year. GOP Gov. Jon Huntsman Jr. and Republican legislative leaders called the...
An agreement between Gov. Jon Huntsman Jr. and legislative leaders on how to cut the budget to deal with more than $272 million in revenue shortfalls was reached late Thursday night, after lawmakers agreed to restore a tax break at the governor's request. Huntsman called the Legislature...
Transportation will take a $35 million hit in the Legislature's belt tightening, a cut that is coupled with an additional $35 million shortfall due to shrinking gas tax revenues. The Utah Department of Transportation will have a $35 million reduction of the $90 million budgeted for the...
The governor has called a special session to deal with the budget shortfall. Legislators have to figure out ways to deal with it. I hope, in that process, they consider the fact that the state still has some surplus revenues, compared to previous years. As I understand...
OAKLAND -- Layoffs, hiring freezes and even weekly City Hall shutdowns could be in store as officials work in the coming weeks to close an estimated $42 million budget shortfall. Mayor Ron Dellums outlined his plans for midyear budget cuts Friday after acknowledging in July that the...
OAKLAND - Layoffs, hiring freezes and even weekly City Hall shutdowns could be in store as officials work in the coming weeks to close an estimated $42 million budget shortfall. Mayor Ron Dellums outlined his plans for midyear budget cuts Friday after acknowledging in July that...
Utah utility ratepayers call upon Gov. Jon Huntsman, House Speaker Greg Curtis, Senate President John Valentine and their colleagues to hold utility regulatory agencies harmless in budget reconsiderations. On Tuesday, the governor called a special session of the Legislature beginning at 9 a.m. today because revenue projections...
A tax change that will be before Utah lawmakers Friday passed the Revenue and Taxation Committee Wednesday morning. Utah legislators tried in the 2008 Legislature to give an additional tax incentive to local aerospace industries -- giving them a bigger break on refurbishing airline parts. ...
State lawmakers go into special session today to close a $272.4 million budget deficit. They should feel thankful it isn't more, considering the mammoth deficits facing other states, notably California. They also should feel a bit proud of themselves. Utah typically is ranked among the nation's best-managed...
Some state agencies could face a bigger budget cut than others, as lawmakers grapple with a $272 million revenue shortfall during the special session that begins Thursday. Gov. Jon Huntsman Jr. proposed cutting all state agencies by the same amount, about 3 percent. That would make up...
FREMONT -- Construction of BART's long-awaited Warm Springs extension could start next summer now that transportation officials have secured all of the funds needed for the $890 million project. The Metropolitan Transportation Commission approved a plan Wednesday to close the project's $144 million shortfall in part...
UNION CITY -- By approving an estimated $1.6 million in cuts this week, City Council members partially fulfilled their mission of correcting a budget shortfall that has resulted from the loss of revenue from a defunct phone tax. The approved cuts represent roughly 79 percent of the...
The size of the state's budget shortfall is slightly more than $272 million, about one-third higher than initially estimated, Gov. Jon Huntsman Jr.'s office announced late Monday. As expected, the governor also called a special session of the Legislature that will begin Thursday to cut the state's...
A little rain Monday didn't stop people who fear losing their medical benefits from attending a rally at the Wallace F. Bennett Federal Building. With Gov. Jon M. Huntsman Jr. calling the Legislature into special session this week due to a budget shortfall, advocates for low-income residents...
That metallic clang you hear is the state budget can being kicked down the road -- again. The governor and Legislature last week finally reached an accord to end the record-long budget standoff that had left California without a spending plan for nearly three months of the...
Articles 2008-09-22
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