States are expecting flat revenues and increasing costs in this new fiscal year. They’ll face hard choices even if Congress does not cut major aid programs.
Hospital associations say more rural facilities will close if Medicaid cuts go through. Potential aid includes changes to matching rates and provider taxes.
Most states have seen their collections drop below 15-year trends. Federal actions may also provide a drag on revenue.
With Congress on the verge of passing new mandates, state Medicaid directors warn that the planned implementation date at the end of next year is too soon.
The city faces a $250 million shortfall. It’s hired 4,000 more workers over the past decade and expanded services, but post-pandemic spending patterns have led sales tax collections to flatten.
The office, established just six months ago, had asked for a 40 percent funding increase but came away with its budget cut by 20 percent.
As part of the city’s new $7 billion budget, the City Council approved bonding authority for Mayor Cherelle Parker's plan to create or preserve 30,000 housing units.
The largest increases are on taxes of tobacco, vaping and sports betting, but there are also various changes to corporate rates and collections.
Washington, D.C., Mayor Muriel Bowser is proposing a growth-oriented budget for the center of a region on the brink of recession.
The rejected bills included tax credits for the parents of young children, a provision for a state-funded scientific research institute, and legislation exempting service workers’ tips from state income tax.
The vast expansion of private school subsidies is costing states billions of dollars.
With so much federal funding going away, states and localities need to identify what’s most important before they decide what to keep. Across-the-board cuts are not the answer.
The city is short by $31 million for the fiscal year ending next month. Tapping reserves will make balancing next year’s budget that much harder.
The House has twice passed bills that would end taxes for individuals who make money on stocks and other investments. It’s trying to reach final agreement on a cut with the state Senate.
City commissioners voted to welcome state auditors to look for fraud and wasteful spending on their books.
With federal cuts coming, states, cities and counties need to step up their understanding of the programs they run and the priorities they hope to preserve.
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