Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
States’ overall fiscal cushions are quickly eroding, leaving states with fewer resources to address widespread current and projected budget imbalances.
It’s more important than ever for state and local governments to get strategic about managing federal grants. Without better capacity and coordination, they risk missing opportunities.
Gov. Mikie Sherrill says the changes would help close a $3 billion deficit without raising taxes on residents. The state’s business leaders feel betrayed.
A group of tech leaders has put $35 million into initiatives aimed at stopping or weakening a proposed 5 percent tax on residents with more than $1 billion in wealth.
A new analysis finds a proposed statewide rent cap could reduce property values and erode local tax revenue.
A growing number of states are taking steps to shrink long-term obligations for retiree health benefits by boosting savings or revising benefit structures.
Sweeping state limits — or eliminating the tax altogether — are politically appealing. But cuts in property tax rates combined with targeted state tax relief are less disruptive to local finances.
Grants once slated for trail networks and pedestrian improvements are being canceled or delayed, leaving state and local leaders searching for replacement funding.
After 24 hours of grinding floor debate, the Washington House approved an income tax on households earning more than $1 million per year.
As long as Congress disregards the collateral damage that AI and other new technologies are already bringing to our economy, states and municipalities will need to move quickly to capture new revenues to support workers left behind.
Officials from both parties have halted proposed warehouse conversions in several states, even as federal officials continue exploring a 1,500-detainee processing facility near Orlando.
Homeowners in major metros are holding onto properties for longer periods, with Los Angeles topping 20 years and state tax laws helping discourage moves.
Especially when it comes to data centers, it’s hard to square the costs to taxpayers with the benefits to states’ economies.
Lawmakers in at least 19 states are advancing wealth taxes, capital gains surcharges and corporate tax changes to combat inequality and rising living costs.
Eric Adams’ failed reform bid is a warning sign for the new mayor attempting to take on one of the city’s most persistent problems.
Tiny liquor bottle surcharges send millions to towns for cleanup, but critics say they fuel litter and drunk driving.
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