Finance News


  • Stockton, Calif., Council Backs Plan to Get Out of Bankruptcy
  • Stockton, California's city council approved a plan on Thursday for the city to adjust its debt to exit from bankruptcy after reaching a deal with bond insurer Assured Guaranty to restructure more than $150 million of outstanding debt.

  • New York to Sue Wells Fargo over National Mortgage Settlement
  • Fielding complaints from borrowers struggling to save their homes, New York’s top prosecutor is preparing a lawsuit against Wells Fargo, accusing the bank, the nation’s largest home lender, of flouting the terms of a multibillion-dollar settlement aimed at stanching foreclosure abuses.

  • Detroit's Bond Rating Downgraded
  • Fitch Ratings downgraded Detroit’s bond rating today after the city opted not to make payments on its general obligation bonds.





  • White House to Free Up to $300M to Aid Detroit
  • The White House will announce today nearly $300 million in new, repurposed and freed-up grants from the Obama administration and private foundations to help the ailing Motor City.

  • New Jersey Ordered to Strengthen Affordable Housing Rules
  • New Jersey is not doing enough to foster affordable housing in every community, the state Supreme Court said Thursday in a major decision that gives the Christie administration five months to draft new housing rules.

  • Fate of Massachusetts Tech Tax in Governor's Hands
  • The Massachusetts Senate voted unanimously Thursday to abolish a sales tax on software services that generated a firestorm of criticism from business leaders, following Wednesday’s action in the House of Representatives to repeal the fledgling levy.


  • Nonprofit Housing Groups Exempt from Property Taxes, Rules New Jersey Supreme Court
  • Nonprofits that provide housing and other services to people with mental illness and other disabilities do not have to pay property taxes, the state Supreme Court ruled today, ending a battle with nine Bergen County communities that had challenged the tax-exempt status of one charitable agency nearly a decade ago.

  • Massachusetts House Votes to Repeal New Tech Tax
  • The state Senate is poised today to follow the lead of the House, which voted yesterday to repeal the so-called tech tax in a finger-pointing session that left business leaders concerned that lawmakers just don’t understand the technology sector.





Get Finance News

   

Want to keep up with the latest news, policies and practices that impact state and local governments? Get Governing's free, bi-monthly Finance newsletter in your inbox. View Sample


 

Jobs in Finance

Browse thousands of available finance jobs. Find a finance job with detailed, free information on key career areas in finance. Or post a job.

View or Post Finance Jobs


© 2011 e.Republic, Inc. All Rights reserved.    |   Privacy Policy   |   Site Map