Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
The state will need to reform its antiquated tax code, warily approach bond measures that tie the hands of policymakers, and get serious about spending oversight.
The project will extend the Q line 1.6 miles from its current northern terminus, costing a rate of $3.9 billion per mile. Gov. Hochul has said the money would soon come from Biden’s infrastructure bill.
In responding to the pandemic, state and local governments quickly put in place new program infrastructure to distribute housing aid with flexibility and expediency. We need to build on that for the future.
The state hopes to have as many as 150,000 electric vehicles on the road by 2025, but it still has a long way to go. For some localities, switching municipal vehicles to EVs can signify to residents that the town is serious about reducing emissions.
The new infrastructure bill will give billions to Ohio for highways, bridges, electric vehicle chargers, public transportation and more. Unlike many other Republicans, Portman argues that this bill could help curb inflation.
Gov. Michelle Lujan Grisham has named three officials to oversee the $3.7 billion in federal infrastructure money, which the state will prioritize for broadband, transportation and water system projects.
Johnson County officials are creating programs that will provide direct payments to residents who were unable to receive pandemic relief funds, including undocumented immigrants. Implementation could begin by March 2022.
Investment policy changes at CalPERS, the giant state retirement system, have lowered its earning target by two-tenths of a percentage point, leading to increased charges for local governments and their workers.
State lawmakers nationwide say they’ll be able to invest in longtime priorities next session, thanks to booming tax revenues and federal aid. But Democrats and Republicans are expected to clash over how to spend the money.
The state is slated to receive $3 billion for road and bridge upgrades from the new infrastructure law, with more than $500 million set aside for bridge replacement and repairs.
The Southwestern Pennsylvania Commission has been working with several other organizations to establish a regional clearinghouse for broadband policy development and implementation with federal infrastructure funds.
The federal funding will be used to reduce air pollution and encourage the use of electric vehicles and charging stations, which are crucial to EV growth. The state will add $10.6 million to the funding.
With the passage of the federal infrastructure bill, transportation leaders in Illinois are gaining hope that the high-speed rail project that would connect Chicago to St. Louis can gain momentum.
The state had a fairly good digital response to the pandemic, given the low technology and training capacity that public health departments had prior. But the response wasn't perfect, especially for those with limited English or Internet access.
The federal agency determined the state was ineligible for nearly $12 billion in federal grants for public transit. Officials fear that this loss of funding could be detrimental to transit agencies.
The Build Back Better Regional Challenge aims to boost local economies through $1 billion of federal grants, $100 million of which will be used to support coal communities. Logan County is just one of the 10 applicants from West Virginia.
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