Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
Salem, Ore., is in budget straits, in part because untaxed state buildings make up 8 percent of the property in the city. Tina Kotek is backing a local property tax increase as lawmakers consider ways to help the city directly.
Updates to the financial form have led to major delays in students' completion and colleges offering aid. Some analysts worry large numbers of students won't get the help they're entitled to.
The state estimates it will have between $300 and $400 million of American Rescue Plan Act funding still available for use. The problem will be figuring out how to prioritize which programs get money.
Secretary of Transportation Monica Tibbits-Nutt suggested constructing toll booths at state borders to help address the state’s tight budget. But on Monday Gov. Maura Healey said she is not proposing border tolls.
While they enjoy today’s high tide in the money markets, state and local treasurers should also promote the case for expanded and targeted federal insurance for public deposits.
Republicans in at least six states are looking to ban basic income programs as Democrats seek to expand the no-strings-attached payments. Some state lawmakers are seeking to ban local communities from enacting similar programs.
Research shows that traditional defined-benefit retirement plans aren’t a path to improved recruitment or retention. When it comes to younger workers in particular, policymakers need to accept the new reality.
Last month, Washington increased funding for the preschool program by $275 million. Additional funding for salaries may help address workforce shortages that have led to a steep decline in enrollment.
After borrowing billions from the federal government to pay for unemployment during the pandemic, the state’s debt now stands at about $21 billion and growing. The state also currently accounts for about 20 percent of the nation’s unemployment.
Affordable online advertisements are critical for thousands of brick-and-mortar businesses that need to reach out to national customers to survive. A Nebraska proposal and similar federal legislation would be a serious blow.
Federal tax cuts may be in jeopardy, but some states are reducing the tax burdens on their citizens and businesses. It’s not surprising that millions are moving to states with robust free-market policies — and leaving those that don’t have them.
The lower number in completed applications for aid has education advocates worried about a smaller fall enrollment this year. An overhaul of the form has caused delays and setbacks across the country.
Many school districts still have a lot of money that could be spent on effective long-term interventions. States should help them build federal dollars into their budgets for years to come.
The federal Affordable Connectivity Program has helped 23 million low-income households afford Internet connections to schedule or attend health-care appointments. But the program will soon run out of funds.
By 2030, an estimated 12 percent of people ages 75 and older will be working, more than doubling from 2000, due to longer lifespans and rising costs of living. In Florida, soaring insurance rates add to financial pressures.
Proposals to eliminate them usually ignore the basic facts of life in state and local revenue management. Successful changes will be focused and surgical, and there is an intriguing opportunity to apply AI to local tax relief.
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