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NYC asks investment banks for revenue ideas
TEXT OF STORY STEVE CHIOTAKIS: City leaders in New York City say the big apple needs to get more money in its coffers. Just as budget stalemates and crises continue in other cities and states. Think...
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Redevelopment agencies may lose state funding
TEXT OF STORY Bob Moon: Did you watch the Oscars last night? That gala has taken place for almost 10 years now at the Kodak Theater, in the center of Hollywood. The complex that includes that theater...
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Wisconsin budget gap is big, but hardly biggest
TEXT OF STORY Bob Moon: Big budget cuts in Wisconsin have already sparked mass protests by government workers intent on defending their collective bargaining rights. Today, Republican Governor Scott...
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Public safety, jobs a concern for bankrupt California city
TEXT OF STORY Jeremy Hobson: Well, to a completely different sector of the economy now. You've heard about all the budget problems facing cities and states. Today one of the first cities to file for...
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Muni bonds could hit an 11-year low
TEXT OF STORY JEREMY HOBSON: Now let's get to borrowing by cities and states. Governments often go to the municipal bond market for what are essentially low cost loans to do big projects like building...
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Texas colleges face deep cuts and elimination
TEXT OF STORY Kai Ryssdal: I'm not sure we actually needed a think tank to tell us this, but state budgets are in a really bad place. The Center for Budget and Policy Priorities said today 44 states...
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Don't show me the money, some in Missouri say
TEXT OF STORY Jeremy Hobson: Missouri may become the latest state to turn down Federal money because of concerns about the deficit. Some Republican state lawmakers want to send more than a quarter...
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Detroit's stunning population loss means new budget concerns
Kai Ryssdal: The 2010 census results for Detroit are out, and they confirm what has been assumed since the last census 10 years ago. Detroit lost a quarter of its population since 2000. The Motor City...
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Ohio to vote on anti-union law
Jeremy Hobson: Well first it was Wisconsin. And now Ohio is looking to curb collective bargaining rights for unionized public workers. Ohio lawmakers are expected to vote on a bill today. Bill Cohen...
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California budget cuts hit community colleges
Kai Ryssdal: Congress may have solved its short-term budget problems, but outside the Washington beltway, 43 states are in the middle of their own negotiations. Almost all of them deep in the hole....
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States eye levies on services to close shortfalls
Steve Chiotakis: Lawmakers in Georgia begin to debate a new budget this week. The state has a gaping budget deficit. And as Jim Burress reports from station WABE in Atlanta, some legislators have been...
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Michigan rethinks its tax code
Kai Ryssdal: That debate they're having in Washington? About cutting spending or raising taxes to trim the deficit? Eliminating entitlements or closing loopholes? That's old news in the states....
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Boston tries asking nicely for more taxes
Kai Ryssdal: Nonprofits in this country enjoy a special privilege under the tax code. As in, they don't have to pay. Tax-exempt is the official phrase. But with city budgets stretched ever thinner, it...
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Detroit girds for possible state takeover
Adriene Hill:Now to Detroit, where the city is in debt. This week Michigan state officials will kick-off a three month "formal review" of the city finances. That could clear the way for a state...
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Tax surpluses for many states
David Brancaccio: At their winter meeting in Washington D.C., this weekend, many of the nation's governors were dealing with an unusual (but not unwelcome) problem: how to spend some extra money....
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California's budget deficit has risen to $16 billion
David Brancaccio: Many states have weathered the economic storm of recent years and have closed their budget gaps. That can not be said of California. There's word the state is set to spend a lot more...
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San Bernardino struggles after bankruptcy
In 1948 brothers Richard and Maurice McDonald decided to reinvent their family barbeque joint. They came up with a new technique for making French fries that used desert winds to dry potatoes in a...
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Crime vexes bankrupt San Bernardino
It's Friday night, and I'm riding shotgun with Sergeant David Carlson of the San Bernardino police department. He’s checking the IDs of four teenaged girls who were pulled over for driving with their...
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The challenge of governing a bankrupt city
When a city files for bankruptcy, it means a lot of things change -- including the little things. “I was talking with city council people,” recalls Concepcion Powell, a citizen activist. “And Miss...
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Entrepreneur channels San Bernardino's history
Albert Okura has always been obsessed with McDonald's -- especially the story of how its executive Ray Kroc turned the golden arches into the world’s No. 1 corporate symbol. Kroc's story inspired...
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