Local Budgets

Hundreds of thousands of students will find themselves battling for fewer spots in community colleges. The cutback in classes could ripple through the economy.

The bill is similar to Wisconsin's, but will also weaken the bargaining rights for public sector employees like police and firefighters.

The Motor City lost a quarter of its residents last decade. Detroit's mayor is now scrambling to keep federal and state dollars tied to population from disappearing, too.

Federal stimulus money would make up for state education cuts, but some legislators want to give it back and deal with the budget cuts now, not later.

Faced with a massive budget shortfall, Texan lawmakers target four rural, community colleges -- sometimes, the only higher education available for hundreds of miles.

New data from Thompson Reuters today shows municipal bond issuance is headed for the worst quarter in 11 years. Richard DeKaser, an analyst with the Parthenon Group, explains how increasing rates and the end of the Build America Bonds program have affected the market.

Police and firemen in Vallejo, Calif., were laid off as the city worked its way through bankruptcy. Hear the new plan to fill city coffers.

In worst-off states, shortfall equals a third of next budget.

The Academy Awards ceremony this weekend in taking place at the Kodak Theater in Hollywood and Highland, a project that was partly funded by a community redevelopment agency. States may no longer have that sort of money to give to future projects.