Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
States’ overall fiscal cushions are quickly eroding, leaving states with fewer resources to address widespread current and projected budget imbalances.
If approved, the new program would offer small, no-interest loans to civilian federal employees who work in Maryland but are not otherwise eligible for unemployment insurance payments.
Since federal protections keeping the medical insurance intact during the pandemic ended in April, approximately 3 in 4 patients have lost coverage due to “procedural reasons.” At least one-third of those patients are children.
The Bipartisan Infrastructure Law allocated $4.7 billion for plugging abandoned oil and gas wells, but new standards, a workforce shortage and less visible leaks may mean that the money will only make a small dent in fixing the problem.
Vulnerable homeowners need financial help when flood, fire or dangerous winds strike. But whose job is it to provide the money?
The annual Medicare-plus advertising blitz now under way should remind us that smarter post-employment benefit designs for state and local employees are long overdue.
The regional hubs will help replace fossil fuels and will also create more than $40 billion in private investment along with thousands of new jobs. Nearly every state has joined at least one proposed hub.
To be eligible for the $800,000 annual environmental grant program, a project must demonstrate how it can serve a priority community. The funds for the program became available through a reconfiguration of the county’s sales tax.
Five bills headed to Gov. Gretchen Whitmer’s desk for signature will ensure major health and civil rights protections inside the Affordable Care Act if they are ever stripped or repealed at the federal level.
The Federal Railroad Administration has awarded $1.4 billion for railroad improvements, a huge expansion of a key funding program under the Infrastructure Investment and Jobs Act. Funded projects will help make passenger and freight service more efficient.
While Congress has temporarily averted a government closure, the next 45 days provide uncertainty and opportunity to prepare for future fiscal turmoil.
The state’s public pension system had its worst investment performance in more than a decade, losing 1.55 percent of its value in 2022. To recoup its funds, the agency may have to make changes that could strain government employers.
The upstate New York city is now offering free, high-speed and secure Internet service for hundreds of low-income residents. The city used $3.5 million in federal funding to develop the wireless network in many of the city’s least connected areas.
A hefty nationwide increase in premiums for public employers to provide their workers and retirees with health coverage will outstrip most governments’ revenue growth. It’s time to address and attack root causes.
The people of Fort Myers Beach mostly survived. How many can afford to stay remains an open question.
After the federal pandemic-era tax credit expansion ended in the second half of 2021, the child poverty rate more than doubled in 2022. Now, 14 states offer child tax credits and several more introduced bills this year.
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