Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
The exemption applies to profits from stocks, real estate and crypto at an estimated $625 million cost to state revenue.
A new federal law will eventually make some data searches and comparisons easier, but implementation will be a challenge. Software vendors will be staking their claims, but public-sector finance associations should take the lead.
The governor’s two-year plan would put the budget over $10 billion for the first time, a $900 million increase over the current cycle’s funds. It includes $58 million for free school meals, $400 million for transportation and more.
Counties across the state have been challenging the accuracy of the federal Internet expansion map ahead of a Friday deadline. Westmoreland County alone identified 14,527 sites that don’t appear at all on the address maps.
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.
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