The Economic Cost of Devastating Hurricanes and Other Extreme Weather Events is Even Worse Than We Thought
With hurricane season starting in June, coastal areas should understand the comprehensive cost of storm damage.
Trade Groups, Lawmakers Deride Trump’s Mexico Tariff Plan
The escalation of tariffs would add $17 billion in new taxes at the 5 percent rate and $86 billion at the 25 percent rate.
Alabama Moves to Lower Prescription Drug Costs
STATE AND LOCAL ROUNDUP | Connecticut mandates climate change education in schools … Texas legislature allocates no money for Census outreach … Baltimore recovers from ransomware attack.
States Consider Using Marijuana Tax Revenue to Help Communities Hurt by Drug Policies
A new report argues that the practice should be more widespread, and should fund sustainable jobs for the communities most affected by drug enforcement policies of the past and present.
As Airbnb Grows, This Is Exactly How Much It’s Bringing Down Hotel Prices and Occupancy
COMMENTARY | The number of Airbnb properties has exploded since its founding in 2008. A hospitality management expert looked at how this has hurt hotels.
$19 Billion Disaster Relief Bill Blocked for Second Time
The House was unable to approve a package of disaster relief funds destined for states hit by hurricanes, wildfires and flooding after a Republican lawmaker lodged an objection Tuesday.
The City That’s Giving People Money
COMMENTARY | Randomly selected Stockton residents are receiving $500 a month. The experiment might prove that guaranteed income works.
Senate Passes $19 Billion Disaster Aid Bill
STATE AND LOCAL ROUNDUP | Code for America turns ten and looks for a new leader … New mayor says Chicago suburb’s bureaucracy in shambles … Louisiana braces as Midwest flood waters flow south.
Congress Must Give States The Tools To Rebuild America’s Infrastructure
COMMENTARY | The federal government hurt state and local governments’ ability to invest in our failing infrastructure last year; now they have a chance to correct that mistake.
One City May Become the First to Directly Fund Abortion Access
The New York City comptroller has proposed directing $250,000 to an abortion access fund in response to tightening abortion restrictions around the country.
Economists Remain Worried About Slow-Growing Middle Class
By 2017, the number of households still had not recovered to the levels of 2000.
Legislation Would Restore the Tax Break for Bonds Used to Refinance State and Local Debt
U.S. House lawmakers reintroduced a bill dealing with the issue this week.
Sports Betting Not Proving to Be a Tax Bonanza For States
Revenues have largely been modest and in some places have fallen far short of projections.
Pensions Have Shifted To Riskier Investments, Ratings Agency Finds
But the new report says that this trend isn’t necessarily producing stronger returns.
Lawmakers Propose Transparency Requirements for Opportunity Zones
But there are questions about whether they go far enough.
States Press Congress on Banking Access For Marijuana Businesses
The IRS built “cash rooms” to handle collections from the industry.
States Are Allowing Bank Accounts to Link Savings to Prizes. Customers Aren't Biting.
The idea is to encourage people to build up their savings by enrolling them in lotteries to win prizes. But that hasn't necessarily drawn people to sign up.
A State Reconsiders Its Ban on Local Minimum Wage Laws
Cities and counties would be allowed to set a wage floor higher than the one authorized by Colorado if a bill passed by state legislators becomes law.
Some Arizona Republicans Pushing a State Tax Hike for Education
STATE AND LOCAL ROUNDUP | Unemployment up in Illinois … Firefighters experiment with body cameras … What’s the future of the soda tax in Philadelphia?
Teachers Earn Less Than Their Private-Sector Counterparts, Research Shows
Teachers have a 21.4 percent "wage penalty" compared to college graduates with similar education and experience, according to new research from the Economic Policy Institute.
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