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.
21 Alabama cities have been classified as a “metropolitan” under the American Rescue Plan Act, which allocates significantly less federal relief aid than initially anticipated, sometimes reducing by more than half.
Much depends on their tax structures, particularly if Prop. 13-style tax caps are in place. But inflation-driven pressure for wage increases could squeeze budgets and crush pension funds.
The state’s gas tax will increase again on July 1 to bring even greater revenue for road and highway maintenance projects. But the repairs have been slow, often lagging behind other states.
An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.”
Gov. John Bel Edwards isn’t ready to end additional federal payments before studying its impact. The state is heavily dependent upon tourism jobs, which have not yet returned to pre-pandemic levels.
In most states and nationwide, collections overcome early pandemic losses.
Like brick and mortar charter schools, cyber-charters are funded by contributions from public school districts. Districts pay the online schools an annual rate for each of their students who opt to enroll in one.
A new report analyzes the states’ tax burdens as officials begin post-pandemic planning. While Democratic states typically tax their residents at greater rates, there are exceptions to the trend.
The stimulus increases the federal matching rate and offers other incentives to encourage holdout states to expand Medicaid. Most of the holdouts will still take a pass.
A new report reveals the great variation of federal dependency across the states. But drawing the line between federal and state responsibility is not easy.
Broadband and vaccine distribution will be the big winners when it comes to new relief spending by cities and counties, according to a survey. PPE purchases and IT infrastructure could see fewer dollars.
Boston Consulting Group, Common Sense Media and the Southern Education Foundation issued a report last month about the big picture of digital inequity in education, as well as potential solutions.
State legislatures will have a lot on their plates. They’ll deal with issues in wildly differing ways. We set the context for the 2021 session with an overview of everything from abortion to redistricting.
A technical error in the Medicaid enrollment system may have mispaid 4.9 percent of customers across 27 counties. An audit suggests the numbers could extrapolate to a multi-million dollar glitch for the whole state.
Gov. Charlie Baker has announced that the funds in grants will be put toward addressing food insecurities caused by the coronavirus pandemic. Some funds will be invested in technology to help producers distribute food.
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