THE FUTURE OF Finance

THE FUTURE OF Finance

Iowa Governor Wants to ‘Invest’ in New Decade with Tax Changes

Gov. Kim Reynolds’ plan to “Invest in Iowa” would mean raising sales tax by a penny but decreasing both property and income tax. But it also hopes to improve water quality, conservation, and outdoor rec opportunities.

By Rod Boshart, The Gazette  |  January 18, 2020
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THE FUTURE OF Finance

Florida’s Proposed $50 Million Tax Break Has Uncertain Future

The tax break would extend an existing incentive but after seeing the hefty price tag, the lobbyists have stepped back. But even if the break doesn’t pass this year, “the group may push for it again in future years.”

By Jason Garcia, Orlando Sentinel  |  January 18, 2020
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THE FUTURE OF Finance

Trustee Wants School District to Get Refund for Recognition Tech

New York’s Lockport City School District has facial and object recognition that it can no longer use after the state changed the rules. A school board trustee thinks the district should get a refund for the $1.4 million purchase.

By Connor Hoffman, Lockport Union-Sun & Journal  |  January 14, 2020
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THE FUTURE OF Finance

IRS Standardizes Free Tax Filings, Increases Access and Clarity

Reporting by ProPublica revealed that TurboTax’s host company, Intuit, had been deceiving customers into paying for what could have been free. The IRS has responded by dropping a long-standing agreement not to compete with industry by developing its own tax filing software.

By Justin Elliot and Paul Kiel, ProPublica  |  January 8, 2020
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THE FUTURE OF Finance

Government’s Mixed Success with Financial Modernization

The financial system for any major organization is complex and that includes state and local government. Efforts to expand the capabilities of finance through new technology can lead to different results as these two examples show.

By Tod Newcombe, Managing Editor  |  January 7, 2020
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