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.
For decades, states have relied on the so-called "sin tax" to fund vital social programs. If the FDA's recent proposal to ban menthol cigarettes and flavored cigars prevails, states will need to find another funding source to keep the programs afloat.
Mayor Jim Kenney’s proposal has a broad definition of anti violence and would include initiatives to push for police and prison reform and would restore spending to agencies that saw cuts in the pandemic. Some say it’s not enough.
Several have earmarked fiscal year 2023 funding for various infrastructure projects, including a new fire station, a child-care center, hydrologic stations, improvements to rural roads and more.
The Maine city’s budget increased 27 percent from last year’s $212 million budget, but this year it includes a 5.5 percent tax rate increase. The City Council also approved a code of ethics and appointed a new city clerk.
Mass shootings are costing governments, schools and families billions. Those who sell, buy and harbor AR-15-style firearms and other pseudo-military killing machines should bear the financial burden.
The bill would provide large businesses with up to $10 billion in tax credits over 20 years to promote green semiconductor manufacturing. But watchdog groups have questioned how the bill was hastily pushed by Gov. Hochul.
The Biden administration has taken its first steps toward releasing $45 billion of federal funding for broadband and digital equity, with the money going first to state governments tasked with executing the vision.
The new position is part of the elections security and public information campaign run by the secretary of state. Republicans are calling it a partisan move. The specialist will earn an annual salary of $150,000.
The county wants to require employers to disclose minimum and maximum pay for job listings. Currently, more than half a dozen states have pay transparency laws, including jurisdictions in New York.
Through a partnership with ReVision Energy and Central Maine Power, the city of Belfast installed two new electric vehicle chargers. Though the state has 368 public charging stations, only 27 are owned by municipal governments.
The city approved $1.2 billion in bond money for street repairs, affordable housing developments, a new police station and other projects. But some officials wonder if increasing inflation will force the city to revise its plans.
The $8.5 billion tax increase would help fund county infrastructure projects for the next 40 years. But a regional planning agency claims it conflicts with a climate law, risking funding and progress on emissions reduction.
The federal government has allotted millions of dollars to bridge the digital divide in Indigenous communities through infrastructure development and offsetting Internet costs to increase accessibility.
The California county’s Board of Supervisors approved millions in federal pandemic funding for 27 local projects that aimed to uplift communities that were disproportionately impacted by COVID-19.
Members of the Senate budget committee have proposed a resolution that combines and strengthens several of the GOP proposals from recent months. The plan would include tax relief payments of up to $1,500.
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