Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
States are spending a lot of their federal TANF money on things that don’t help families that need it the most, and work reporting requirements keep too many families from accessing benefits.
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.
Starting next month, customers will notice extra charges on delivery orders, ride-sharing trips and car-share rentals, which are part of a change in transportation funding that will help pay for road and bridge projects.
Continuing our coverage of how large city transit systems are faring fiscally since the pandemic, we take a look at Philadelphia, New York City and Chicago.
While a handful of the largest agencies have funding sources that don’t make the future immediately dire, others are looking at hard decisions next year as city transit ridership remains depressed, cutting into revenue streams.
Despite input from two advisory groups, the state’s Gulf Coast Restoration Fund is failing to meet any conventional measure of success for an economic development program funded by the money BP paid following its massive 2010 oil spill.
In response to the pandemic, leading experts are calling for a reassessment of public health efforts. More money is only part of the solution.
Congress responded to the COVID crisis by allocating unprecedented sums to help cities and states recover. Early data about how they are using the money suggests that big spends can have complications.
Recent investment losses have highlighted provisions that are missing from most municipal money management contracts: full disclosure of the downside and stronger risk controls.
If voters approve the measure in November, it would raise county sales tax by one-half of 1 percent for 40 years and fund dozens of transportation projects. But critics are concerned that it could risk the region’s climate goals.
The National Electric Vehicle Infrastructure program will provide $140 million to develop electric vehicle charging stations. About 40 percent of the federal funding will be invested in disadvantaged communities.
Federal cybersecurity grants are expected “in the coming months,” with CISA still mulling feedback and finalizing. Local governments should use the time to ensure they’re part of any state planning processes.
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