The Anchorage School Board talks about a $90 million shortfall, but the real problem is that the district has more schools than it needs. Last year, a $50 million reserve was used to keep the budget balanced, and now the district is at the minimum legal balance. If the board had kept a healthy cushi
The city ended 2025 with a deficit far below the $9. 6 million that had been forecast, according to the interim finance director who stepped into the role two weeks ago. He told council that the shortfall will be about $3 million, a relief driven by higher revenues in key areas. Earned income and re
Finland’s Finance Ministry has released a new spending plan that projects the country’s central government deficit to average €14. 9 billion each year from 2027 to 2030. The forecast shows a clear rise compared with the previous year, driven by lower tax receipts and reduced earnings from its emissi
San Diego residents already shoulder extra costs from city‑imposed fees, yet officials claim that further charges are unavoidable because of a “decades‑old structural budget deficit. ” The reality is that the deficit grows from choices made by those in power, not from unseen forces. City leaders
New York City's Mayor, Zohran Mamdani, has put forward a plan to raise taxes on the wealthy. He wants to add a 2% tax on those earning over a million dollars each year. This idea is part of his campaign promises. He also wants to increase the corporate tax rate. During a recent budget hearing, Mamd
Schools in San Francisco were closed on Monday when teachers walked off the job for the first time since 1979. The strike was sparked by demands for better health care and higher pay. About 50, 000 students were affected because parents had to find new child‑care and meals. Union leaders an
After a long time of not agreeing, the Anchorage Education Association and the Anchorage School District have finally found some common ground. They've come to a tentative deal on a new three-year contract. This is big news for the around 2, 800 educators the union represents. The deal isn't all se
Idaho's lawmakers are in a tough spot. They are dealing with a big budget problem. But this time, it's not because of the economy. It's because of their own choices. They cut taxes a lot. This was done even when the governor thought it might not be a good idea. Now, the state is short on money. The
In France, lawmakers are gearing up to vote on a significant shift in pension policy. The government is looking to put a hold on a controversial plan to raise the retirement age. This move comes as the country grapples with a shaky political landscape and a growing budget deficit. The current prime
The recent election in Czechia has stirred up some financial concerns. Andrej Babis, leader of the victorious ANO party, has hinted that the country's budget deficit might be larger than expected. He pointed out that around 60 billion Czech crowns are missing for planned projects, like road construc
