Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
Federal Medicaid cuts could shift millions in health-care expenses back to local governments.
Federal policy changes stand to make it harder for local governments to cope with housing instability and homelessness. There are some things they can do to brace for what’s coming.
Texas cities and counties already face limits on how much revenue they can generate. Local leaders have warned that further restrictions would mean fewer services like parks and libraries.
The state employed disciplined budgeting, debt repayment, spending cuts and targeted tax relief to dig itself out of a cash-flow crisis. To deal with crushing national debt, Washington policymakers should model this discipline.
Washington, D.C., will become the first locality with its own child tax credit. An expansion of the federal child tax credit during the pandemic led to dramatic reductions in child poverty.
Success in the coming years will require sustainability, adaptation and perseverance, especially as AI both enhances and disrupts government. Professional leaders need to look beyond the short term, facilitate change where needed, and reinvent themselves.
Zohran Mamdani’s promise to raise taxes on New York City’s richest residents set off a chorus of warnings about tax flight. But when millionaires do move, it’s rarely for tax reasons.
With more residents required to work to qualify for SNAP and funding shifting to states, Missouri’s system shows what may await programs across the country.
Under the plan, Texas newborns would get $1,000 placed into stock-market investments, potentially doubling the benefit from the federal program passed this year.
Program and tax changes in the massive budget reconciliation bill are reshaping states’ short- and long-term fiscal pictures. How will policymakers respond?
HUD’s shift from permanent housing to short-term programs could force formerly homeless residents back onto the streets and strain local budgets.
State and local financial managers face the impact of federal aid cutbacks, plus new rules and even some opportunities. It’s time to focus on what’s practical and necessary, both near and longer term.
Florida, meanwhile, gains one every two minutes. New data shows how population shifts are reshaping budgets and tax bases nationwide.
Reduced revenues and rising costs leave municipalities tightening their budgets, per a new National League of Cities report.
While state research and development incentives aim to spur innovation, mixed evidence suggests they may simply shift activity rather than grow it.
A 15 percent decline in September wagers prompts warnings that bettors are shifting to cheaper illegal markets under one of the nation’s highest per-bet taxes.
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