Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
While House Republicans filed measures to eliminate non-school property taxes, DeSantis argues that placing multiple measures on the ballot undermines any substantive reform.
It’s no accident that Utah once again leads the nation in job and GDP growth. Free-market reforms in other states are boosting their competitiveness as well.
They help a lot of individuals and their communities. The proposed cuts would just shift the burden to emergency rooms, shelters and already overwhelmed local systems.
Work requirements remain on the table but Congress will not cut the matching rate for the Affordable Care Act expansion or impose per capita limits on states.
The House has twice passed bills that would end taxes for individuals who make money on stocks and other investments. It’s trying to reach final agreement on a cut with the state Senate.
Traditional pensions and 401(k)-style government plans have undergone major changes in portfolio structure since 2000, mostly for the better. But recent market gyrations remind us that there are always opportunities for improvement.
Salem, Ore., is in budget straits, in part because untaxed state buildings make up 8 percent of the property in the city. Tina Kotek is backing a local property tax increase as lawmakers consider ways to help the city directly.
With federal cuts coming, states, cities and counties need to step up their understanding of the programs they run and the priorities they hope to preserve.
Any future income tax increases would require supermajority votes. If the state House approves it, the amendment would go to voters for final approval.
The state Senate passed a bill that falls short of proposals put forward by Gov. Mike Braun, but the Republican signaled he's open to signing it.
Trade wars, federal aid cutbacks and IRS layoffs will all have an impact on revenues, though the shocks may not be as bad as some fear. Still, for most jurisdictions budget and staffing freezes or cuts lie ahead. But for now leaders should resist the temptation to raid rainy day funds.
The state recently became the first since 1980 to vote to eliminate its income tax. This will boost economic growth while removing barriers to work — and could ignite a wave of similar state-led reforms.
Making tips tax-free would not only lower revenues but distort the tax code.
The State and Local Cybersecurity Grant Program expires in September. State CIOs told a congressional subcommittee that the program is a success that should be built on, not ended.
If sensible ideas from a decade ago gain traction in Washington this year, they could boost U.S.-based manufacturing and international competitiveness, with a mixed impact on state and local tax revenues and policies.
A new data dashboard from the Urban Institute fleshes out how the funding is being allocated by category and across states, counties and congressional districts.
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