Government taxation and revenue
IRS worker: No political bias against tea party
An Internal Revenue Service manager and self-described conservative Republican said the close scrutiny of tea party groups' tax forms originated in his Cincinnati IRS office and not in Washington, according to a full transcript of his interview by congressional investigators released Tuesday. John Shafer, who oversaw a small group of ...
Budget director: Ohio's unused surplus about $397M
The state should have almost $397 million in uncommitted funds leftover at end of the current budget year, Ohio's budget director said Tuesday before a legislative panel that's working to put the final touches on the next state spending plan. Lawmakers face a June 30 deadline to pass the $61.7 ...
Alabama's new tax credits limited to transfers
Alabama's Department of Revenue determined the state's new private school tax credits don't apply to students who are already in private schools, even if they live in zones where failing public schools operate. The department has been developing regulations to implement the new Alabama Accountability Act since it was signed ...
State releases list of Ala schools failing by law
Seventy-eight Alabama schools, mostly poor and from both urban and rural areas, are considered failing, according to a list released Tuesday in response to a new state law. Many of the schools could lose students and state funding if parents seek tax credits provided under the law to go to ...
G-8 seeks unity on Syrian peace talks, tax evasion
President Barack Obama, Russian President Vladimir Putin and other G-8 leaders attempted to speak with one voice Tuesday on seeking a negotiated Syrian peace settlement — yet couldn't publicly agree on whether this means President Bashar Assad must go. Their declaration at the end of the two-day Group of Eight ...
Swiss lawmakers reject deal to end US tax spat
Switzerland's lower house of parliament pushed back strongly Tuesday against a government proposal to end a bitter dispute with U.S. authorities over American tax cheats suspected of hiding money in the country's banks. The compromise legislation is at heart a debate over the Alpine nation's vaunted banking secrecy which is ...
DeSoto school budget includes teacher pay raise
DeSoto County school officials have outlined a proposed budget for fiscal 2013-14 that calls for no tax increase but adds revenue and expenditures including a teacher pay raise. The 42-school district expects revenue of $257 million — up from $247 million this year — and expenses of $272 million, which ...
VWSD looking to solve budget shortfall
With two weeks left before the state-mandated deadline for the Vicksburg Warren School District to adopt a budget, three of five board members have said they will not support a tax increase to make up for a potential $7.7 million deficit for the 2013-14 school year. "We're going to let ...
NH court: no scholarships for religious schools
A judge on Monday declared New Hampshire's new scholarship program unconstitutional but allowed it to continue as long as none of the money goes to religious schools. Under the program created last summer, businesses get tax credits for donating to a private organization that awards scholarships to students attending either ...
NY school districts ready for budget re-votes
New York school districts that saw budgets fail in May will put plans up for new votes Tuesday, in many cases after making additional cuts to staffing and other spending. Under the state's tax cap law, school districts have two chances to get budgets passed. If they fail both times, ...
Arizona Gov. Brewer signs Medicaid expansion law
Republican Gov. Jan Brewer on Monday signed a law expanding the state's Medicaid program to 300,000 more poor Arizonans following her victory over conservatives in her own party opposed to embracing a key part of President Barack Obama's health care overhaul. Brewer gathered key lawmakers from both parties who voted ...
EU, US agree to start free trade talks at G-8
The European Union and the United States will open negotiations next month on a long-sought deal to create free trade between the world's two mightiest economic regions, an effort designed to create millions of jobs that could take years to transform from dream to reality. EU and U.S. leaders announced ...
Democrats urge moderate Republicans to join them
Democrats in the state Legislature called Monday for moderate Republicans to join them in voting against the state budget this week, and one of Wisconsin's most conservative lawmakers became the first in his party to publicly say he was casting a 'no' vote. Democrats were pressuring Republicans in advance of ...
Pa. analyst brightens outlook for tax collections
Pennsylvania's state budgetmakers are getting better news about the spending plan they're trying to assemble in the waning days of June. The state Legislature's fiscal analysts said Monday that they're estimating state tax collections this year and next year will be just $220 million behind where Gov. Tom Corbett projected ...
IRS official contradicts claims about reviews
Internal Revenue Service officials in Washington scrutinized the very first application from a tea party group seeking tax-exempt status — and dozens of others, including some requests that languished for more than a year without action, an IRS official has told congressional investigators. Holly Paz, who until recently was a ...
Hollandale schools budget falls short
The Hollandale School District is expecting to run a $92,000 deficit for the 2013-14 school year. The Delta Democrat Times reports (http://bit.ly/12um4Gt) that schools Superintendent James Johnson-Waldington told board members this past week that the projected budget for the upcoming school year is $10.7 million. This school year the district's ...
IRS supervisor in DC scrutinized tea party cases
An Internal Revenue Service supervisor in Washington says she was personally involved in scrutinizing some of the earliest applications from tea party groups seeking tax-exempt status, including some requests that languished for more than a year without action. Holly Paz, who until recently was a top deputy in the division ...
Less US urgency at G-8 in call for European growth
When leaders of the nation's biggest economies gathered at the presidential retreat of Camp David last year, European elections had rattled the continent with a rejection of austerity measures. President Barack Obama was himself seeking re-election. The sense of urgency was palpable as Obama made an emphatic pitch for Europe's ...
Calif. Legislature passes $96.3B Democratic budget
The Legislature passed California's massive state spending plan Friday amid sharp divisions over whether the compromise struck by Democrats and Gov. Jerry Brown will further the state's recovery or eventually return it to the multibillion-dollar deficits common during the recession. Lawmakers had until midnight Saturday to send the governor a ...
Official: IRS has put a lien on a N. Ind. library
An auditor for a northern Indiana county says the Internal Revenue Service has placed a lien on a public library that has been closed since last month. St. Joseph County Auditor Pete Mullen tells WNDU-TV that the IRS says the Walkerton-Lincoln Township Public Library owes $47,920 for failing to pay ...
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