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.
It could signal major changes in compliance, grants and oversight for state and local governments. That’s happened in the past.
Unlike federal DOGE, the Montgomery County office doesn’t envision layoffs becoming part of its mission.
The federal Rural Health Transformation Program will grant $50 billion to states to expand access to health care. Here’s where state applications stand.
Taxes on alcohol, tobacco, gambling and cannabis produce a lot of revenue, but they raise questions of fairness.
In short, more clarity with less spectacle. Last year’s federal tax cuts won’t have much of an impact on state and local revenues, but tariff refund politics could be a fiscal wild card. And AI’s effects will be felt on several fronts.
Federal Medicaid cuts could shift millions in health-care expenses back to local governments.
The president cites fraud concerns, while state officials call the plan politically motivated and warn of impacts on social services.
Maura Healey broke new ground as the first woman and first openly gay candidate elected governor in Massachusetts, but her priorities have been firmly focused on quality-of-life and cost-of-living issues like housing and transportation.
Maryland’s awareness campaign and Urban Institute research offer a blueprint state leaders can use to increase uptake, helping residents keep more of what they’ve earned.
Updating property assessments often causes headaches for political leaders, especially in areas with rapid increases in home value. A backlash recently led to a county executive’s recall in Missouri.
Federal policy changes stand to make it harder for local governments to cope with housing instability and homelessness. There are some things they can do to brace for what’s coming.
Texas cities and counties already face limits on how much revenue they can generate. Local leaders have warned that further restrictions would mean fewer services like parks and libraries.
The state employed disciplined budgeting, debt repayment, spending cuts and targeted tax relief to dig itself out of a cash-flow crisis. To deal with crushing national debt, Washington policymakers should model this discipline.
Washington, D.C., will become the first locality with its own child tax credit. An expansion of the federal child tax credit during the pandemic led to dramatic reductions in child poverty.
Zohran Mamdani’s promise to raise taxes on New York City’s richest residents set off a chorus of warnings about tax flight. But when millionaires do move, it’s rarely for tax reasons.
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