US & Canada round-up: Canada March budget deficit shrinks from year earlier, and more

29 May 15

A round-up of public finance news stories from the US & Canada you might have missed.

Canada March budget deficit shrinks from year earlier

The Canadian government had a budget deficit of C$2.99 billion ($2.40 billion) for March, smaller than the year-earlier deficit, as revenues rose, the finance department said on Friday. (Reuters)

To fill Budget hole, Kansas G.O.P. considers the unthinkable: raising taxes

With the state facing a $400 million budget hole for the coming fiscal year, the conservatives who dominate the Legislature here say they are agonizing over the likelihood of doing something that did not seem to be in their DNA: raising taxes. (New York Times)

White House outlines ‘serious concerns' with Senate energy and water funding Bill

The Obama administration has “a number of serious concerns” about the Senate Appropriation Committee's $35.4 billion fiscal year 2016 energy and water bill, Shaun Donovan, the director of the White House Office of Management and Budget, said in a June 2 letter. (Bloomberg BNA)

Canada: MUN spending growth in spotlight as budget cuts loom
Memorial University is defending spending that has nearly doubled in the past decade, as it faces $40-million in cuts this year and criticism of salaries and administrative costs. (CBC)

You're wrong if you want to reduce the national debt

Opinion: After consecutive budget surpluses the last 4 years (1998-2001) of the Clinton administration, the U.S. was looking at a projected $6.7 trillion surplus over the next decade when George W. Bush came into office. That unprecedented projected federal bounty turned out to be the budget equivalent of Big Foot: it wasn’t then and has never since been seen. (Forbes)

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