Colorado’s “rolling conformity” with the federal tax code, coupled with sweeping tax breaks enacted by Congress, triggered a sudden revenue loss.
It’s not just the decline in fuel tax revenues and its impact on highway construction and maintenance. Real estate will also be affected, and sales taxes are likely to take a hit. States need to begin developing strategies.
The current transportation budget falls short of the state’s litany of needs. As lawmakers prepare to craft a major transit package next session, they will need to figure out how to increase revenue streams despite logistical and political challenges.
The state’s Department of Education failed to act on warning signs of fraud at the nonprofit Feeding Our Future and failed, on numerous occasions, to monitor federal dollars.
Since the Great Recession, states have moved to reform their public pension plans, making tough choices and frequently doing so with bipartisan support. Federal lawmakers should keep these lessons in mind.
A state House committee voted 8-3 to pass a cluster of bills that would devote billions over 10 years to Michigan’s economic development and transit. But Democrats will need at least one Republican to vote to pass the package.
Proposed legislation would allow for up to one-quarter of the state’s spending on homeless housing, assistance and prevention programs to go toward sober living environments. The bill would reverse a 2016 funding ban.
Local government finance officers can employ revenue, procurement and other tactics that disrupt the status quo to finance important initiatives.
The council passed a $12.8 billion budget for the 2024-2025 fiscal year, which is approximately 2 percent less than the current fiscal year’s budget. The city will eliminate 1,700 vacant jobs next fiscal year.
The California governor presented his spending plan for the 2024-2025 fiscal year. It would strip $260 million from the state’s major homelessness program. Some lawmakers want to restore that funding.
Despite a high demand for programs that help children, elderly and those with disabilities, lawmakers made wide cuts for fear that the federal government might take back millions in COVID aid.
Staff levels at Class I railroads declined about 28 percent between 2011 and 2021. Trains have also gotten longer, often reaching 2 or 3 miles long. Many are concerned that the combination poses a safety risk.
States are sitting on near-record surpluses. How and where exactly do they store their savings?
Hundreds of billions of state and local dollars are sitting stagnant in bank accounts earning almost nothing — balances that have tripled in recent years. It’s not clear why this is happening, but it’s far too much foregone income.
A 53-page report details the bureaucratic dysfunction that allowed the Ohio county to pay for a jail management system it never used due to a signing bonus fixation, lack of planning and poor management.
The Washington state school district mistakenly recorded revenue twice during the accrual and reconciliation process, revealing a $20 million shortfall when the error was corrected. The staff reduction will save about $13 million.
Most Read
