New Jersey Leaders Agree On Deal to Hike Taxes on Millionaires
Governor Phil Murphy and top Democratic lawmakers announced plans on Thursday for a higher tax rate on incomes between $1 million and $5 million. The bulk of the revenue from the tax increase would cover the cost of a new middle class tax break.
Momentum for Basic Income Builds as Pandemic Drags On
Advocates see an opportunity to transform the safety net.
New York Tax On Opioid Drug Makers Revived By Federal Appeals Court
A ruling by the 2nd U.S. Circuit Court of Appeals overturns a lower court decision that axed a state tax that would require drug companies to pay hundreds of millions to help cover the cost of the state’s response to the opioid epidemic.
Governors Plead with Congress for Help as Senate Rejects Skinny Relief Bill
As Democratic governors testified before the House Committee on Financial Services, the Senate rejected a pared-back coronavirus relief proposal.
Senate to Vote on Slimmed-Down Coronavirus Relief Bill This Week
Senate Majority Leader Mitch McConnell introduced the legislation Tuesday and said the Senate will hold a vote on it this week.
Legal Experts Say Trump’s Push to Defund ‘Anarchist’ Cities Would Face Difficulty in Court
The president lost several legal battles in attempting to enforce a previous order to restrict so-called “sanctuary cities” from receiving federal grants.
California Legislature Passes 'Clean-Up' Bill to Allow Musicians and Other Freelancers to Continue Gig Work
STATE AND LOCAL NEWS ROUNDUP | Big kindergarten enrollment drop in Los Angeles … Mayor slammed for dining indoors in another state when not allowed in his city … New Jersey bill could allow police officers to take gunshot victims to hospital.
Senate Republicans’ Revamped, Scaled-Back Coronavirus Bill Expected Next Week
But Democrats and Republicans are still far apart on inclusion of money for state and local governments.
Cuomo, Union Leaders Call on Congress to Provide New York $59 Billion in Aid
They say the state and its local governments are in an “impossible financial situation” because of the financial fallout from the coronavirus pandemic.
Fight Against Fraud Slows Payments to Unemployed
Generous states that acted quickly are juicy targets for fraudsters.
New Unemployment Benefits Could Take Weeks to Distribute
Thirty-two states have been approved for the federal unemployment program, but only four states have begun issuing the $300-a-week benefits.
In New Jersey, a Proposal for $1,000 ‘Baby Bonds’
Gov. Phil Murphy, who proposed the program on Tuesday, said it would be the first statewide initiative of its kind. But the added spending would come at a time when the state’s budget is strained.
Pennsylvania Governor Suggests Selling Marijuana Through State-Run Stores
Gov. Tom Wolf isn’t the first governor to recently float state-operated marijuana retail. Pennsylvania currently runs hundreds of wine and liquor shops.
Higher Rents Associated with Increase in Homelessness, Federal Watchdog Finds
The Government Accountability Office report comes amid concerns about evictions, as the coronavirus outbreak takes a financial toll on many Americans.
Saving in Times of Crisis: How People with Disabilities Can Increase Financial Stability
COMMENTARY | Americans with disabilities should consider depositing stimulus payments they receive from the federal government into ABLE savings accounts that maximize their impact.
State and Local Public Pension Funding Levels Steady—For Now
The outlook for the coming years is gloomier, as the coronavirus drags on the economy and strains governments’ finances.
Massive Fiscal Relief for Local Governments Is Vital to Keep the Economy Alive
COMMENTARY | With negotiations over the next coronavirus relief bill stalled in Congress, and state and local aid in question, the future of the nation’s economy is uncertain.
Michigan’s ‘Tampon Tax’ Challenged in New Lawsuit
The litigation is part of a national movement toward exempting menstrual products from states' sales taxes.
For Cities, Path to Financial Recovery Could Be a Long One
“It takes years for cities to recover lost revenue,” said one of the authors of a new report that surveys the financial affairs of nearly 500 cities across the U.S.
A Lawsuit Seeks to Restore Local Power to Tax Sugary Drinks
California enacted a law in 2018 that creates a huge roadblock for cities that want to tax soda and other sugary beverages. That statute now faces a challenge in court.
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