News For Friday, January 11, 2013

Changes in Store for Some Taxpaying Immigrants

Contrary to popular belief, many illegal immigrants in the U.S. pay federal taxes — through what's called an Individual Taxpayer Identification Number, or ITIN. But new tax rules effective this month mean some changes for taxpayers using those numbers.

Dire Budget Estimate Fit Well With Prevailing Politics

Texas Comptroller Susan Combs, citing a robust economy,  releases the Biennial Revenue Estimate showing that the state is projected to have over $100 billion available for spending in the next biennium.
Texas Comptroller Susan Combs, citing a robust economy, releases the Biennial Revenue Estimate showing that the state is projected to have over $100 billion available for spending in the next biennium.

The two-year-old revenue forecast used to justify massive cuts in the current state budget was wrong — and not by a little bit. But the conservative Legislature elected in 2010 wasn't complaining.