The bipartisan budget compromise that passed the House by a wide margin last week has inspired House Speaker John A. Boehner (R-Ohio) to blast outside conservative…
In yet another sign of growing fiscal problems for states and municipalities, Detroit may be cutting key services in certain portions of the city, the WSJ reports.
VIA THE WASHINGTON EXAMINER: The extra dime per trip that Metro began to charge riders this spring isn’t making up for the emergency budget shortfall it was supposed to help solve, according to a new Metro report. In fact, the agency says it has an even bigger hole than it forecast. Instead of a $40 […]
VIA THE WASHINGTON POST: Mayor Adrian M. Fenty’s proposed budget for fiscal 2011 relies on at least $72 million in new and increased fees and penalties as part of an effort to close a $523 million shortfall. The budget, which Fenty (D) submitted to the D.C. Council last week, proposes dozens of new fees. Parents […]
VIA REUTERS: DALLAS (Reuters) – The NBA could lose around $400 million this year because of the flagging economy and a crippling labor agreement, according to commissioner David Stern. Stern told a news conference Saturday that players’ union representatives negotiating a new collective bargaining agreement had been shown figures outlining the NBA’s current economic circumstances. […]
VIA WJLA: Metro’s massive communications meltdown this week has revealed that two critical but aging power units need to be replaced at a cost of $14 million. A decades-old power unit failed Wednesday, shutting down the public address system, two-way radio links with bus drivers and some bus fare boxes, among other things. “It was […]
