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.
Staff shortages and a rush to distribute funds generated confusion and mistakes, resulting in unemployment benefit overpayments to thousands of Alabamians. Now, the state wants its money back.
They disproportionately impact low-income residents. “Segmenting” them — setting prices based on ability to pay — can improve lives while actually increasing local-government revenues.
It’s just as important when revenues are robust as it is in tough fiscal times to base spending decisions on what works. Here’s how to get started.
State and local finance teams need game plans for two divergent outcomes of the Federal Reserve’s efforts to wring inflation out of the economy: a soft-landing slowdown or a more severe downturn.
Most of the remaining funds have been earmarked by cities, townships and counties for community projects to address broadband access, housing, workforce development and other needs. But some worry about the debt repayment.
New funding is providing unparalleled opportunities to invest in climate resilience by building natural infrastructure to protect vulnerable communities.
A new law requires the state’s pension system to divest from fossil fuel companies, but making that happen while considering a constitutional requirement to pension members will complicate the process.
Gov. Ned Lamont announced that six more express trains would be added to the New Haven line and seven new weekday trains to the Waterbury branch. The additions come as $5 billion in federal infrastructure funds are headed to the state.
County Executive Ryan McMahon has suggested that the surplus, which has grown to nearly three times the normal reserve, be used to double the New York county’s rainy day fund. But the plan would leave little for spending elsewhere.
Purchasing cyber defenses, training and insurance are budgeting decisions — and financial officers need number-driven risk models that show them how far each investment may go toward reducing risks of financial losses from cyber incidents.
Elected and other officials gathered in Birmingham, Ala., to announce a new U.S. Department of Transportation pilot program aimed at addressing past infrastructure projects that have harmed and divided communities.
Federal prosecutors have opened an investigation into Kwame Kilpatrick in an effort to force repayment of the $1.7 million debt owed to the city and the IRS for a federal racketeering conspiracy case.
Gov. Chris Sununu announced the federally funded program on Tuesday, July 5, that could develop thousands of new housing units and will begin accepting applications on Monday, July 11.
If stocks keep declining, the outlook for pension obligation bonds improves. State and local financial teams should prepare now for a cyclical opportunity.
The state Supreme Court has ruled that when counties sell buildings for overdue taxes, any extra money must be returned to the property owners and may not be pocketed by local governments.
Most Read
