The self-professed fiscal conservatives resorted to tactics like delaying a $2.3 billion payment to schools by one day to technically push it into the next fiscal year and keep it off the books of this budget. They also “found” $800 million by ordering the state’s accountants to forecast a faster increase in land values to show more property tax income:
Gov. Rick Perry signed a budget that was balanced only through accounting maneuvers, rewriting school funding laws, ignoring a growing population and delaying payments on bills coming due in 2013.
It accomplishes, however, what the Republican majority wanted most: It did not raise taxes, took little from the Rainy Day Fund and shifted any future deficits onto the next Legislature.



Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid...
A Caribbean bank formerly co-owned by Barclays has been targeted by US tax authorities seeking information...





























