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.
So far, nine Democrats have officially declared their intention to run for the mayorship. Meanwhile true bipartisan leadership exists at the state level, Ohio's attorney general does double dipping and more.
Idaho employs an average of 53,000 farmers annually, but the state only has 274 homes subsidized by the federal government for farmworkers. The state is looking for ways to build more farmworker housing.
CARES. ARPA. IIJA. These bills and more have put billions into the state and local government market. We break down the major federal funding packages and how they’re being put to use.
The state’s comptroller announced an additional $6 billion to the state’s projected budget surplus, sparking discussions about how to spend the cash. Including the surplus and transfers, there will be $188.2 billion in funds.
They will help fund energy-saving and climate projects for businesses and homeowners. Congress’s approval of the Greenhouse Gas Reduction Fund could supercharge green banks across the nation.
From public health to climate change to immigration, there will be plenty of challenges for our federal system to contend with. But the tensions will be more about social policies and regulation than about money.
Sports betting in the state became legal on Jan. 1 and many hope that the industry will bring in millions in tax revenue for Ohio schools and increased revenue for other businesses. But some are worried about addiction.
The state’s one Democratic and seven Republican members are also focused on local issues, such as a new Veterans Administration facility in Baton Rouge, reallocating infrastructure funds to traffic reduction projects.
Disinflation and economic deceleration will dominate state and local budgets and investments. Cash is king, at least for a while. Payroll costs will outrace revenues. It’s going to be a year for muddling through.
If pay simply kept pace with inflation since the most recent raise in 1988, state senators would now make more than $30,000. Experts say that increasing pay could help diversify the Legislature, making it more like the people they represent.
Connecticut’s Communities Challenge Grant program will award eight grants to communities across the state to help fund revitalization projects in an effort to spur job growth. Half of the funds will go to “distressed” communities.
Inflation punished Wall Street and Main Street, and public financiers who ignored it squandered billions. Congress passed two bills important to states and localities. And pensions took a hit, but taxpayers won’t feel that pain for years.
The WorkPlace Inc., and the Northwest Regional Workforce Investment Board have received funding from the EPA to launch environmental careers for students from underserved areas of the state known as brownfields.
The Washington state governor’s budget proposal for the next two-year cycle will fund a variety of programs across the state, including education, construction, salaries and public safety. There would be $2.6 billion left over.
A study from the Economic Roundtable found that without the pandemic-induced eviction moratoriums, unemployment insurance boosts and stimulus payments, the county’s homelessness would have climbed to 23 percent.
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