Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
Hospitals stand to lose hundreds of millions of dollars under the new tax and spending law, with rural facilities at particular risk. Some states are likely to reconvene their legislatures to deal with funding shortfalls.
Despite predictions that COVID-19 would crush state tax revenues, most of them didn’t need megabillions in pandemic aid to balance their budgets. But for the most part they seem to be spending the money wisely.
A blockbuster video stars a LEGO re-creation of the city of Arlington, Texas. A city official’s hobby is helping citizens understand how it makes budget decisions.
Several of the state’s Democratic Congress members are working to advance policies such as child care, Medicaid expansion, nutrition assistance, electric vehicle charging and more as a part of the proposed $3.5T budget reconciliation.
There have been plenty of failures along the way, but there’s no question coordination between levels of government has improved over the past 20 years, along with security capabilities for blocking catastrophic attacks.
States have set aside millions of federal dollars for mental health and substance use disorder services, but the money must be spent by the end of 2026. Then, states will have to find other ways to fund the programs.
The $95 billion pension has pushed back against an independent review that it has not been transparent when it comes to earnings and fees associated with alternative investments like hedge funds and equity firms.
At least two of the candidates have promised income tax cuts, but both plans would offer benefits to more than just low-wage earners and would have to get past a Democrat-controlled Legislature.
With three statewide measures on the Nov. 2 ballot, voters will have to decide on a retail marijuana sales tax increase, a property tax cut and legislative oversight of state spending.
The state had hoped to announce COVID-related grants for broadband expansion, water and sewer projects and resident and business support by mid-October, but the timeline has been pushed back to early 2022.
Hurricane Ida has done immense damage to Louisiana’s power infrastructure, leaving millions without power. Some lawmakers hope the damage will help convince some GOP members to support the proposed infrastructure package.
Federal pandemic relief funds offer state and local governments the chance to invest in public health programming and infrastructure to make communities safer, particularly those that have been the most harmed.
Local governments lack the tax base for meaningful income redistribution programs, and they risk losing residents to lower-tax jurisdictions. The economics suggest that it’s a job for higher levels of government.
We’re used to blaming the Army Corps of Engineers for monolithic, expensive reclamation projects that go bad. Here’s something they did right, and at a very low cost.
The White House, tech firms, insurers and educational organizations announced near-future steps to improve national cybersecurity, including new NIST guidelines and tech support for governments looking to upgrade defenses.
Federally-assisted unemployment benefits, an extra $300 a week, are set to expire on Sept. 6 and many experts aren’t sure that the end in boosted pay will get people back to work.
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