Finance

Cities Paying Millions to Get Out of Bad Bank Deals

Chicago is the latest example of the many local and state governments that are haunted by interest rate swap agreements they made before the Great Recession.

Alabama Suffers Setback in Railroad Tax Case

The U.S. Supreme Court sided with a freight railroad in its efforts to avoid paying sales tax on diesel fuel, but the legal challenge isn't over yet.

Low Oil Prices Drain Some But Energize Most Local Economies

The impact of oil's price drop depends on how much a local government relies on the oil industry for revenue and jobs.

Despite Kansas' Experience, States Push Big Income Tax Cuts

Even though Kansas’ budget and credit have suffered since enacting massive tax cuts, governors in Maine and Ohio are still pushing similar plans.

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