Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
States are expecting flat revenues and increasing costs in this new fiscal year. They’ll face hard choices even if Congress does not cut major aid programs.
We give subsidies to people who don’t need them, and order the poor to find money they don’t have when they get in trouble with the law.
Professional teams that discriminate against coaches, players and others shouldn’t be getting taxpayer money that would be better spent on the real problems that need more public funding.
The emergency response agency argues that the city improperly rolled back public health orders while the city thinks that the shelters it built for homeless populations should be covered by federal disaster aid.
The governor’s budget and a bill by a Democratic lawmaker would stop the state from charging more than 500,000 Californians a monthly premium for their Medi-Cal health coverage.
The state’s $40 million fund will likely be spent ahead of the Feb. 28 deadline due to the high number of applications. In fact, if all 13,900 applications are approved, the funds will be encumbered.
A bill introduced by the state Senate would require CalPERS and CalSTRS to divest a combined $9.9 billion and prevent future investment in companies considered to have the greatest potential for future emissions.
The funding comes from the bipartisan infrastructure bill and will be used to clean nine “areas of concern” across the state that have damage from industrial pollution, development and agricultural runoff.
State leaders have yet to apply for millions in funding for mental health services made available through the American Rescue Plan Act. 2020 saw a 37 percent increase in statewide opioid overdoses.
The federal Emergency Broadband Benefit was supposed to help connect the unconnected. A new study shows that the program didn't achieve this goal, but local areas can help increase program participation.
To combat inflation, the central bank will be raising interest rates and shedding a big chunk of its $8 trillion bond portfolio. Its actions will ripple through the world of state and local finance.
There are successful models for leveraging natural systems to improve water quality and supplies, enhance biodiversity and blunt the ravages of wildfires. There’s even something we can learn from beavers.
The Bay Area regional transit system is desperately trying to recover from the plummeting ridership numbers caused by the coronavirus pandemic. Officials expect the system’s budget deficit will be $1.2 billion by 2032.
Residents had to fund the legal defense against the civil lawsuit that was filed against Auditor Roger Reynolds for bribery and corruption. Taxpayers will not be responsible for the criminal legal fees.
The agency is moving to incorporate mitigation into recovery efforts, with a particular focus on the needs of underserved communities and resilience in the face of climate change.
The funding would help provide housing, shelter and transitional services to victims of domestic violence and help replenish funds that were depleted due to steep increases in demand during the pandemic.
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