Latest Government budgets News

EXPLAINER: What's the effect of Russian oil price cap, ban?

Dec. 02, 2022 18:12 PM EST

FRANKFURT, Germany (AP) — Western governments have agreed to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine. The cap is set to take effect Monday, the same day the...

Japan OKs $216B extra budget to counter impact of inflation

Dec. 02, 2022 06:24 AM EST

TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen. It is the second batch of supplementary spending this year to...

Orban says Hungary will stick to veto of EU-Ukraine aid plan

Dec. 02, 2022 06:14 AM EST

BUDAPEST, Hungary (AP) — Hungary's prime minister said Friday that he will continue to oppose a European Union plan to provide an 18-billion-euro ($19-billion) aid package to Ukraine in 2023, a position that promises sustained tensions as the bloc and the nationalist Hungarian government wrangle...

Kansas sees taxes fall 5.3% short of expections in November

Dec. 01, 2022 18:32 PM EST

TOPEKA, Kan. (AP) — Kansas collected 5.3% less in taxes than expected in November, the first time in more than two years that its collections have fallen short of the state's monthly target. The shortfall was $36 million, but the state Department of Revenue's report Thursday came...

Editorial Roundup: Mississippi

Nov. 30, 2022 16:51 PM EST

Tupelo Daily Journal. November 26, 2022. Editorial: Lawmakers should consider tax break on baby supplies In his executive budget proposal, Gov. Tate Reeves called for the complete elimination of the state income tax. This has been a bad idea for the past few years...

Portland, Oregon, approves $27M for new homeless camps

Nov. 30, 2022 15:22 PM EST

PORTLAND, Ore. (AP) — City Council members in Portland, Oregon, have voted to allocate $27 million of the city's budget to build a network of designated camping areas for homeless people, approving a fiercely disputed budget measure as the city tries to address its homelessness crisis. ...

North Dakota lawmakers to organize for 2023 Legislature

Nov. 30, 2022 12:37 PM EST

BISMARCK, N.D. (AP) — North Dakota lawmakers will return to Bismarck next week to prepare for the 2023 Legislature, where they will lobby for prime committee assignments and get briefings on legislative procedures and ethics. The three-day organizational session that begins Monday...

EU Commission proposes blocking billions in funds to Hungary

Nov. 30, 2022 11:46 AM EST

BRUSSELS (AP) — The European Union’s executive branch recommended Wednesday that billions of euros of EU funds allocated to Hungary remain frozen over its failure to implement solid rule-of-law reforms, a move highlighting the growing rift between the EU’s traditional Western democratic...

Business, labor groups agree on $1.8B unemployment debt plan

Nov. 29, 2022 20:11 PM EST

SPRINGFIELD, Ill. (AP) — Illinois business and labor groups have agreed on a plan to erase a $1.8 billion debt, generated by the wrenching COVID-19 pandemic, in the account that covers unemployment benefits, state officials said Tuesday. The deal leans on surplus funds in the...

Georgia hospital asks county to spend taxes on indigent care

Nov. 25, 2022 14:58 PM EST

MACON, Ga. (AP) — A Macon hospital authority wants its local government to start sharing local property tax collections to help pay for indigent care. The Macon-Bibb County Hospital Authority discussed its plans earlier this month, The Telegraph of Macon reports. The...