Bill to Restore Full State, Local Tax Deduction Emerges in New Congress
The “SALT” deduction was curbed by the GOP-backed tax law passed in late 2017.
Retiree Health Care Liabilities Keep Stacking Up For States
Newly issued data show the financial challenge posed by "other post-employment benefits."
Shutdown Struggles Loom for Localities in Need of Infrastructure, Affordable Housing Funding
What’s currently a distraction for governments could soon turn into a more serious situation.
Tax Cuts, Whale Funding and Pay Bonuses Among the Priorities in Governors' Proposed Budgets
Across the U.S. governors are rolling out their spending plans for the upcoming fiscal cycle.
Pennsylvania Pension Commission Flags Upwards of $1 Billion in Investment Costs for One Year
The sum earned by investment managers from one pension fund exceeded employee contributions for the same period.
The Promise and Peril of Borrowing Money to Manage Pension Costs
Chicago Mayor Rahm Emanuel last week proposed issuing bonds to improve the city’s pension funding levels. Is that a good idea?
Auto Loan Delinquencies Higher in Southern States
States with delinquency hotspots should reconsider harsh vehicle repossession policies and improve consumer protections, said one Urban Institute researcher.
Kentucky Governor Gives Short Notice on Pension Special Session
Days after the state Supreme Court strikes down a controversial pension reform law, teachers and other public employees rush to Frankfort—again.
Worried About the Next Recession? Here’s What to Watch
A new study suggests looking at peaks in financial cycles.
Data Show Sluggish Economic Output in Smaller Counties
For the first time, the Bureau of Economic Analysis has released GDP figures for all of the nation's counties.
‘Progressive’ Tax on Inherited Wealth Could Net 33 States as Much as $6.1B
New York currently makes the most off its estate tax, but California has the most to gain, a liberal policy group argues.
Federal Watchdog Offers Gloomy Outlook for State and Local Budgets
U.S. Government Accountability Office estimates show mounting fiscal pressures over the next 50 years.
The Reason Why Kentucky’s Pension Reform Law Was Struck Down
Gov. Matt Bevin, who championed the legislation, called Thursday’s state Supreme Court ruling “an unprecedented power grab by activists judges.”
Chicago’s Pension Fix Might Involve Marijuana
STATE AND LOCAL ROUNDUP | California proposal calls for text messaging fees … Philly mayor’s office to pay interns … and Anchorage quake damage data.
Major Takeaways From the Volcker Alliance’s New Grades for State Fiscal Health
COMMENTARY | New Jersey’s former budget director and state comptroller highlights some of the good, bad and the ugly budget practices.
White House Will Launch Multi-Agency Council Focused on Opportunity Zones
The council will engage with state and local government officials on development in zones, a White House adviser said.
Cities Seek to Align ‘Opportunity Zone’ Capital With Local Priorities
"There's a lot of work to do here that tax-advantaged capital will not do by itself,” says urban policy expert Bruce Katz.
Detroit’s Long-Term Budget Stability Finds Firmer Fiscal Footing
“Eliminating this debt cliff removes another major roadblock for Detroit’s long-term recovery,” according to Mayor Mike Duggan.
How States Can Balance Saving for a Rainy Day and Other Priorities
The case for rules tied to revenue volatility.
Minnesota’s ‘Remarkable Recovery From the Shambles’
STATE AND LOCAL ROUNDUP | Mayoral memo on e-scooter geofencing … active-shooter kits for police … and improving Boston-area commuter rail.
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