Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
While House Republicans filed measures to eliminate non-school property taxes, DeSantis argues that placing multiple measures on the ballot undermines any substantive reform.
Are vehicles like private equity, crypto and real estate a good fit for 401(k)-style public retirement plans — or too risky for savers? Marketers will soon be pitching these “alternative investments” to public employers. Prudence dictates caution.
Cuts in funding don’t change counties’ obligations to their residents. They will have to figure out how to raise new revenue, cut services or both. But success in navigating this new landscape won’t come from austerity alone.
The mayor is facing a more than $1 billion budget deficit and has already disavowed a property tax hike.
Funding cuts eliminate nearly half the grants, forcing nonprofits to downsize and cancel internships, leaving thousands adrift.
Pension funds enjoyed enormous stock market returns during the pandemic but slower gains and underfunding has increased their liabilities.
Under the One Big Beautiful Bill, states must decide whether to participate in the nation's first federally backed school voucher program or reject federal dollars amid partisan and fiscal concerns.
The funding comes amid an immigration crackdown and growing pressure on states to build temporary facilities, raising fiscal, legal and environmental questions.
Subsidies distort fair competition. If these technologies are the future of America’s energy sector, they should compete without the crutch of federal aid.
The future of an EPA program for disadvantaged communities may be uncertain, but there are lessons for the future in how local governments have gone after the funds. Authentic, cross-sector collaborations are key.
So far, 20 states have created retirement programs for private-sector workers.
Higher federal income tax offsets for state and local tax payments have morphed into a mostly upper-middle-class political perk, one unlikely to have any meaningful impact on state or local fiscal policies or politics. It’s time to look ahead to the next iteration of federal tax policy.
The organization has shaped state laws for 50 years. It may be at the height of its influence.
Hospitals stand to lose hundreds of millions of dollars under the new tax and spending law, with rural facilities at particular risk. Some states are likely to reconvene their legislatures to deal with funding shortfalls.
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.
Now 25,000 members strong, financially secure and long blessed with thoughtful leadership, the Government Finance Officers Association is poised to address the challenges to come for those who manage the public purse.
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