#OilandGasIndustry is privatised, if there was increased drilling in #NorthSea it wouldn't necessarily go to be sold in the #UK, would have a small effect on global market prices and if the tax rate on it was lower then it wouldn't help with #BudgetDeficit.

Russia sells gold bars for the first time in 25 years to fund budget deficit Russia began selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military spending.

Russia began selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military spending. Bne IntelliNews #Russia #Gold #BudgetDeficit #CentralBank #EconomicNews

💰 Hochul’s Plea for Wealthy Exiles to Return Highlights Refusal to Trim Bloated Spending

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#News #Politics #Government #KathyHochul #NewYork #Taxes #WealthTax #BudgetDeficit @highlight @followers @everyone

📉 Chicago’s Windy City Woes Deepen with Billion-Dollar Budget Hole and Pension Drag

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#News #Politics #Government #Chicago #BrandonJohnson #Budget #BudgetDeficit #CreditRating @highlight @followers @everyone

💸 California Squanders Over 100 Million Dollars on Butterfly and Cougar Overpass

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#News #Politics #Government California #BudgetDeficit #ButterflyCougarOverpass #Waste #Fraud @highlight @followers @everyone

The US national debt has reached a record 39 trillion dollars for the first time, driven by ongoing budget deficits and rising spending.

Higher costs for Social Security, Medicare, and interest payments are adding major pressure on the economy.

#USDebt #Economy #BudgetDeficit #FiscalPolicy

#iranwar
#bigbeautifulbill
#budgetdeficit

Maryland’s Green Energy Fund Faces Budget Cuts - Cozzy Energy Solutions Maryland officials are considering a plan to redirect funds from a green energy program to address a budget deficit. Governor Wes Moore has proposed transferring approximately $300 million from the Strategic Energy Investment Fund (SEIF) to help offset a $1.5 billion budget shortfall in the state’s 2027 budget. This would reduce the fund's balance from

Maryland's Green Energy Fund Faces Budget Cuts #PJM #GreenEnergy #BudgetDeficit #EnergyPrices #MarylandPolitics #RenewableEnergy

Steelton‑Highspire SD outlines $4.55M deficit, proposes $3.55M in cuts and targeted furloughs; April 8 vote planned District leaders told the Steelton‑Highspire SD board the district faces an approximate $4.55 million deficit and proposed roughly $3.55 million in program and personnel cuts — including targeted professional furloughs and reorganization of central office roles — with a planned April 8 board vote on the furlough resolution and follow‑up budget deadlines in May and June.

Steelton-Highspire SD is facing a staggering $4.55 million deficit and is proposing drastic cuts, including furloughs, to bridge the gap—what's next for the future of education in the district?

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#PA #BudgetDeficit #CitizenPortal #PennsylvaniaSchools #SpecialEducation

Monterey City Council pushes a potential parking tax to November election. Read the full article on Monterey County Now.

Monterey City Council pushes a potential parking tax to November election. #montereyparkingtax #montereycitycouncil #novemberelection #budgetdeficit

#americafinancialcrisis #financialcrisis #usdeficit #healthcareproblems #healthcareUSA #budgetdeficit

Maryland’s Energy Fund: Balancing Budget and Green Goals - Cozzy Energy Solutions Maryland Governor Wes Moore is proposing to redirect $300 million from the Strategic Energy Investment Fund (SEIF) to help alleviate a $1.5 billion budget deficit. This would reduce the fund’s balance from over $800 million to $164 million, with the transferred funds intended for additional green initiatives. A similar reallocation occurred in 2025, when $200

Maryland's Energy Fund: Balancing Budget and Green Goals #PJM #EnergyCrisis #GreenEnergyDebate #MarylandPolitics #BudgetDeficit #ElectricBills

Maryland’s Green Energy Fund: A Budget Balancing Act - Cozzy Energy Solutions Maryland Governor Wes Moore is proposing a budget adjustment that would redirect $300 million from a green energy fund to help address a $1.5 billion budget deficit. The Strategic Energy Investment Fund (SEIF), which currently holds over $800 million, would be reduced to $164 million. This isn't the first time funds have been diverted; in

Maryland's Green Energy Fund: A Budget Balancing Act #PJM #MarylandBudget #GreenEnergyFunding #EnergyPolicy #ElectricBills #BudgetDeficit

Saskatchewan Budget Deficit Looms as Legislature Resumes This Month Saskatchewan budget deficit confirmed for March as health care pressures and trade uncertainties impact provincial finances.

Saskatchewan Budget Deficit Looms as Legislature Resumes This Month

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www.thecanadareport.ca/featured/saskatchewan-bu...

#saskatchewan #budgetdeficit #provincialfinances #healthcare #tradeuncertainties #legislature #canadareport

Greater Albany leaders warn of roughly $10 million deficit as enrollment falls Superintendent and finance staff told the board the district faces about a $10 million shortfall for 2026–27 driven primarily by a loss of roughly 360 students and ODE recalculations; leaders outlined reserves, special funds and a long-range committee to recommend rightsizing options.

The Greater Albany Public School District is staring down a staggering $10 million deficit for 2026–27 due to declining enrollment and state funding changes—what's next for the future of education in Oregon?

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#OR #BudgetDeficit #EnrollmentDecline #EducationFunding

Hillsboro budget staff model $10–12M shortfall; board approves classified retirement incentive to reduce costs Budget staff told the Hillsboro board a modeled general‑fund deficit of roughly $10 million to $12 million for next year and outlined options including a voluntary retirement/separation incentive. The board approved an MOU for a capped classified retirement incentive that offers cash or insurance continuation.

Hillsboro School District is facing a staggering $10–12 million budget shortfall, prompting a bold move to offer retirement incentives to classified staff in hopes of cutting costs.

Learn more here

#OR #BudgetDeficit #EducationFunding #StaffingIncentives

Santa Barbara finance committee flags widening budget gap, advances revenue options including transfer tax City staff told the Finance Committee the general fund faces a structural deficit that could exhaust reserves by FY2028 and recommended a package of midyear adjustments and revenue options—including a property transfer tax, temporary fee increases and targeted cannabis-tax changes—to help close the gap.

Santa Barbara is facing a looming budget crisis that could drain its reserves by 2028, prompting city officials to propose urgent revenue measures including a new property transfer tax.

Get the details!

#SantaBarbaraCitySantaBarbaraCounty #CA #BudgetDeficit #CommunityImpact #CitizenPortal

„Economics Gravity“ Striche, die die Welt (be)deuten

„Economics Gravity“

#EconomicGravity #TradePolicy #Tariffs #BudgetDeficit #FiscalReality #PoliticalEconomy #Geopolitics #Economics #PolicyFailure #WolfsCartoon

open.substack.com/pub/wolfgang...

DEED, LFD and staff explain Impact Aid dispute that could add ~$70–80M to state deficit Department and Legislative Finance staff described an ongoing federal Impact Aid disparity determination. If the state loses an appeal, the FY26 shortfall and FY27 projected needs could rise by roughly $70–80 million because the state would still be required to fund districts while IAP calculations are resolved.

Alaska faces a potential funding crisis, with a federal dispute that could inflate the state's deficit by up to $80 million if an appeal fails.

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#AK #BudgetDeficit #CitizenPortal #FederalFunding #AlaskaEducation #ImpactAid

Judson ISD administration recommends closing three elementary schools to cut recurring budget shortfall; trustees debate scope Administration presented a data‑driven plan recommending closure of Park Village Blended Learning Academy, Ed Franz Leadership Academy and Rolling Meadows Elementary to improve district utilization and reduce a $30M+ deficit; trustees debated alternatives including staff reductions, property sales and delaying further closures.

Judson ISD is considering closing three elementary schools to tackle a staggering $30 million budget deficit, sparking intense debate among trustees on the future of education in the district.

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#TX #BudgetDeficit #TexasEducation #FacilityUtilization #CitizenPortal

Preliminary 2026–27 budget shows nearly $4.8M gap; board weighs tax, fund balance and program options CFO Amanda Weaver presented a preliminary 2026–27 budget projecting an adjusted anticipated deficit of about $4.77 million. Board members discussed using the Act 1 adjusted index, millage increases, fund balance usage, potential revenue from future commercial development and measures to curb costs including reducing cyber charter outflows.

The Dover Area School District is facing a daunting $4.77 million budget shortfall, prompting urgent discussions on tax increases and cost-saving measures.

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#PA #BudgetDeficit #CitizenPortal #PennsylvaniaSchools #EducationFunding #FiscalResponsibility

Mamdani threatens 9.5% property tax increase to fill NYC budget gap if Albany won't tax rich The mayor’s preliminary Fiscal Year 2027 budget includes the prospect of raising the property tax rate in NYC by 9.5%.

Mayor Zohran Mamdani says NYC faces $5.4B budget gap: Albany could tax the ultra-wealthy, or city may raise property taxes 9.5% for the first time since Bloomberg. City Council warns against property tax hikes.

https://tinyurl.com/ycx693h9

#NYC #BudgetDeficit

Man I tell you what, these dang ol' politicians, man. #Washingtonstate #budgetdeficit #fiscalresponsibility

Mayor ⭐️ #ZohranMamdani has made significant strides in his early days, focusing on #affordablehousing, reducing the city's #budgetdeficit & enhancing outreach efforts for the #homeless during extreme weather. His administration has initiated plans for #freechildcare & improved public engagement.

Midyear review: Fortuna still faces a general‑fund deficit despite CalPERS payment savings City staff reported the general fund ended FY24‑25 with a $180,000 deficit and project a FY25‑26 deficit of about $1.75 million; removing a $1.5 million discretionary CalPERS payment leaves an adjusted deficit of roughly $254,000.

Fortuna is grappling with a staggering projected deficit of $1.75 million for FY25-26, despite efforts to save on CalPERS payments—what does this mean for the city's future?

Learn more here!

#FortunaCityHumboldtCounty #CA #BudgetDeficit #FortunaCity #CitizenPortal #CommunityPlanning

Russia’s budget deficit could triple as oil revenues collapse.
In January, Russia’s oil and gas income fell by 50% year over year, hitting the lowest level since the COVID-19 pandemic, according to Finance Ministry data.

#Russia #Oil #EnergyCrisis #BudgetDeficit #Geopolitics #war #ukraine

Russia’s deficit reportedly may triple this year on falling oil revenues Russia’s budget deficit is set to significantly overshoot official targets, as declining energy revenues and higher spending weigh heavily on public finances, Reuters reports.

Russia’s budget deficit is set to significantly overshoot official targets, as declining energy revenues and higher spending weigh heavily on public finances, Reuters reports. Bne IntelliNews #Russia #BudgetDeficit #OilRevenues #EnergyCrisis #PublicFinances

Russia’s deficit may triple this year on falling oil revenues –Reuters Russia’s budget deficit could nearly triple this year, significantly overshooting official targets, as declining energy revenues and higher ...

Russia’s budget deficit could nearly triple this year, significantly overshooting official targets, as declining energy revenues and higher ... Bne IntelliNews #Russia #BudgetDeficit #OilRevenues #EnergyCrisis #FinanceNews

Legislative finance warns of a $1.5 billion FY27 shortfall and flags Medicaid, ferry grants and SNAP-match risks Legislative Finance Division briefed the House Finance Committee on Jan. 29 on the governor's FY27 budget, reporting an adjusted-base outlook that shows a projected FY27 deficit of just over $1.5 billion and citing risks including Medicaid supplementals, uncertain federal grants for the Alaska Marine Highway System and potential SNAP administrative-match liabilities.

Alaska's FY27 budget faces a staggering $1.5 billion shortfall, raising alarms over Medicaid funding, ferry grants, and potential SNAP liabilities!

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#AK #BudgetDeficit #AlaskaFinance #FederalGrants #MedicaidRisks #CitizenPortal

Colombia’s Fiscal Crisis Is Deepening Under President Petro | OilPrice.com Colombia is sliding toward a full-blown fiscal and economic crisis as rising violence, falling oil output, collapsing foreign investment, and repeated tax hikes under President Gustavo Petro strain pu...

Colombia’s Fiscal Crisis Is Deepening Under President Petro #Colombia #Petro #SouthAmerica #FinancialCrisis #Geopolitics #FiscalCrisis #BudgetDeficit

oilprice.com/Energy/Energ...