Word: budgeting
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...Partnership study of high-foreclosure areas found that the owners of those properties would have had to pay an extra $70 million in taxes because of overvalued but official appraisals. In states from New York to Arizona, angry citizen groups are lobbying their state legislatures - which are already facing budget shortfalls - to address the discrepancies...
Lindsey is one of several Georgia state lawmakers currently calling for property tax reform. It's a mission fueled by head-scratching homeowners who can't fathom why they are paying higher taxes on homes with tumbling prices. However, with at least 44 states facing budget woes in the coming year, it's a movement that, if successful, could make it tougher on states to raise revenues. And yet, with the Georgia general assembly about to start its session next week, Lindsey says he hopes both houses will quickly pass his bill to cap growth in assessments...
...Washington at the beginning of the week and began lobbying for $775 billion in stimulus spending over the next two years, the nation's economists - at least the ones who are listened to in Washington - expressed near unanimous support. This support showed no signs of wavering when the Congressional Budget Office projected Wednesday that even before any new spending, the federal deficit will top $1.2 trillion this year. As Obama summed it up in a speech at George Mason University on Thursday, "There is no doubt that the cost of this plan will be considerable. It will certainly...
Washington is about to get its first official waste watchdog. President-elect Barack Obama recently tapped Nancy Killefer to fill the newly created role of chief performance officer. Killefer, a senior director at management-consulting firm McKinsey & Co., will be in charge of combing through the federal budget to weed out unnecessary programs and streamline government efficiency...
...position, which Obama has described as one of the most important in his Administration, is part of a new initiative to control federal spending, reform massive government entitlement programs and curb the pork-barrel spending that has contributed to the country's budget-deficit crisis...