Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
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.
The state’s employment office will review the cases of 136,000 residents who collectively received $1.2 billion in “overpayments.” Only approximately 21,000 residents can expect to have their repayments waived.
With a bond issue earmarked for community projects and marketed to individual investors as well as institutional buyers, Chicago is trying to move the needle on social equity. Is it the start of a durable trend, or just a cute public finance anomaly?
While the state doesn’t track who gets the biggest incentives, data shows that wealthy tech companies receive the largest breaks. However, the state often loses money on these economic development efforts.
Federal pandemic aid that has helped many rural hospitals stave off collapse is rapidly drying up. But the small town of Bowie is trying to save some of its health care services and may act as a case study for other rural areas.
Nearly 1.2 million residents applied or were automatically eligible to receive student loan forgiveness under the Biden administration’s relief plan. The forgiveness plan is currently on hold by a court ruling.
A 2018 report found that Vikrum Aiyer improperly billed the federal government for more than $15,000 of expenses. Aiyer has been nominated by San Francisco Mayor London Breed to help oversee the city’s homeless commission.
It’s doubtful that taxing art collections, yachts or big inheritances will attract a significant political constituency. It’s all about the “endowment effect,” the value we place on the things we possess.
The legislation would create a flat state income tax rate of 2.75 percent, which would yield a larger tax break for the highest tax bracket, and would supplement the lost revenue by cutting $1.2 billion per year in state property tax rollbacks.
The Alaska budget attempts to address some of the state’s crises, such as the public defender shortage and a backlog of Medicaid and SNAP benefits applications, but the $400 million deficit is millions more than estimated.
As polluters pay up for absolution, state treasuries and public pension funds might be able to capitalize on carbon offset credits. Public forests and timberland investments could yield untapped value.
Problem-gambling therapists, researchers and long-term Gamblers Anonymous members are seeing a jump in the number of people, especially young men, seeking treatment for sports gambling problems.
All over the country, state agencies and people who receive aid through the Supplemental Nutrition Assistance Program, commonly known as food stamps, are reporting the theft of millions of dollars in benefits.
The declines were concentrated among kindergarten students and in schools that offered only remote instruction. An expert explains where they went and why it matters.
The settlement agreement will pay four former staffers who alleged retaliation after they accused Paxton of corruption in 2020. Paxton has broadly denied any wrongdoing and has not been charged with a federal crime.
The state gave the isolated community of Cantua Creek a transportation lifeline: a fleet of four electric vehicles. The program worked for a few months, but then the cars disappeared and the infrastructure wasn't maintained.
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