Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
States are reducing subsidy slots, slashing provider reimbursement rates and raising co-pays for low-income parents amid shrinking federal aid.
With federal deficits soaring, bond issuers may face higher financing costs. State and local cash managers shine for now, but all eyes will be on the coming congressional budget battle.
Mayor Jacob Frey’s 2024 budget includes millions set aside over the next two years to comply with court orders to end racist and unconstitutional policing in a plan for new spending and new positions.
Only eight states have enacted legislation to sustain the three-digit crisis phone number through phone fees. Some have budgeted for short-term funding but many have not made any long-term plans to provide support.
The plan is the largest EV charging incentive program in the country and the rebates for charging equipment can cover 50 percent of a project’s costs or up to $100,000. The state aims to have 250,000 public chargers by 2025.
The state Assembly voted 53-14 to give employees on strike access to state unemployment insurance benefits, despite concerns about an indebted and poorly structured fund. The Senate will consider the bill next.
A task force has recommended making cash payments to the descendants of American slaves to address over-policing, mass incarceration, housing discrimination and health disparities. But a majority of voters oppose the idea.
Since April 2022, nearly 110,000 migrants have made their way into the city, with about 60,000 still in the city’s care. Without more support from the federal government, Mayor Eric Adams does not see a solution to the issue.
Greater investment is key, enabling smaller classes with better-paid teachers, and most state and local governments have the money. But our public schools also need leadership stability and more parental involvement.
They are a key source of funding for transportation infrastructure, but have been shrinking for years. Two new reports explore possible alternatives.
Many Americans are at risk of outliving their retirement savings. State pension plans could have a new role: selling longevity insurance. It could even save states money in the long run.
Governments need to balance expected returns on their invested cash with the costs of their bonds and other obligations. Shifting a portion of their long-term debt from fixed to floating rate is a way to hedge interest rate risk.
The account run by the Federal Emergency Management Agency covering emergency aid for disasters is projected to have a $4.8 billion shortfall by the end of the month. But replenishing the fund is proving to be politically challenging.
Keeping election workers and voters safe in a politically charged environment is an expensive challenge. Federal resources are available, and local election officials should take advantage of them now to get ready for 2024.
With little in local tax revenue to help pay staff, rural Texas sheriffs are often forced to do more with less. Lawmakers hope a new grant program will help rebuild the ranks of rural law enforcement.
The U.S. Forest Service is distributing $1 billion to help communities protect themselves from wildfires, but congressional deadlines forced the first round of funding out in a hurry. For the next round, officials want to be more proactive.
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