State Treasury
Coverage of State Treasury in the Nexus archive.
- Michigan treasury officials grilled over state tax refund delay
Michigan state treasury officials faced scrutiny over delayed tax refunds, with thousands of taxpayers like Michael Drace and Diane Materna awaiting payments for months. The backlog stems from transitioning away from a 40-year-old computer system, though 95% of returns have been processed. Treasury leaders acknowledged communication gaps and promised a new phone system next month.
- Russian Billionaires Pump $3Bln Into State Treasury as Deficit Widens – Expert
Russian billionaires have invested $3 billion into the state treasury to address a widening budget deficit. Analysts estimate this amount could cover up to 15% of the country's growing budget shortfall.
- Russian Billionaires Donate $3Bln to State Treasury as Deficit Widens – Expert
Russian billionaires have donated $3 billion to the state treasury to address a widening budget deficit. Analysts note this amount covers up to 15% of the growing shortfall but remains a small portion of overall government spending.