Taxes
Covering topics such as bonds, cryptocurrency, federal aid and pensions.
A new report from the Government Accountability Office details the ways that recent changes have diminished FEMA capacity. Local officials responsible for response and recovery want to be part of the conversation about what comes next.
The warring camps in Washington are unlikely to find a middle ground on their own. Governors and mayors need to take a seat at the adult tax-policy table.
Western New York officials hope that federal funding from the Innovation and Competition Act, the proposed infrastructure package and from stimulus relief funds would be used to develop tech hubs and revitalize transportation networks.
The proposed California bill would have created excise taxes on the sale of new guns and would have raised more than $100 million annually for gun violence prevention programs. It failed by nine votes.
Consultants have found that the public library branches in the less affluent, southern parts of the city are smaller, receive less circulations and have lower numbers of overall visits. A new library funding plan may address the discrepancy.
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.
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