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Taxing and Spending

Covering topics such as bonds, cryptocurrency, federal aid and pensions.

The federal government is sending billions to cities and counties to overcome pandemic setbacks. Plans from 150 local governments offer a preview of how these dollars might be spent.
Labor data suggests that Gov. Mike DeWine’s decision to cut the extra $300 of federal funds from unemployment benefits 10 weeks ahead of the federal deadline had little effect on moving people back into the workforce.
A report has found that low-income households in Detroit spend at least 25 percent of their disposable incomes on water and sewer bills. With inflation, water costs in Detroit have tripled between 1980 and 2018.
St. Louis County’s proposed 2022 budget is $43 million larger than this year’s, amounting to $463 million. The increase is projected to cause a 1.9 percent bump in property taxes.
Pembroke Park is determined to separate from the Broward County Sheriff’s Office even though the department building project is stalled and costs have increased. Now the town may not have its own force until 2023.
For rural communities like St. Helena, the billions the state will receive from the infrastructure bill for Internet and road repairs could have a massive impact. The community sits about 34 percent below the national income average.
Tennessee is projected to collect $655.2 million in the 2022 fiscal year through its gas and diesel taxes. As gas-powered vehicles give way to EVs, the state will need to make up the lost fuel-tax revenue.
CalEnviroScreen maps “disadvantaged communities” by Census tract to determine which communities will receive billions in public and private funding. But the mapping is imperfect, making many communities miss out on funding.
The project will extend the Q line 1.6 miles from its current northern terminus, costing a rate of $3.9 billion per mile. Gov. Hochul has said the money would soon come from Biden’s infrastructure bill.
In responding to the pandemic, state and local governments quickly put in place new program infrastructure to distribute housing aid with flexibility and expediency. We need to build on that for the future.