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.
The Little Town That Pot Built
Garden City, Colorado, has fewer than 300 residents, but has spent $3 million on downtown infrastructure upgrades since retail marijuana was legalized.
Debt Dispute in Missouri Unresolved, as Payment Deadline Passes
Platte County's reluctance to pay debt costs linked to a shopping center has captured attention within the municipal bond market.
Revitalizing Michigan Communities Through Investment Crowdfunding
2018 NAVIGATOR AWARD WINNER: Katharine Czarnecki, Senior Vice President for Community Development, Michigan Economic Development Corporation
States Rush to Collect Online Sales Tax
The process will be more of a struggle in some states than others.
The Fiscal Need to Find a ‘Second Life’ for Underutilized Parking Lots
Revenue streams from parking lots and garages are expected to be undermined as autonomous vehicle technology improves and is more widely adopted.
Making the Case to Curb Outside Pay for Lawmakers in Albany
STATE AND LOCAL ROUNDUP | Farm bankruptcies increase in Upper Midwest … Bend, Ore.’s high wildfire risk … and Cincinnati City Council subpoenas in texting lawsuit.
The People of Ohio Can Now Pay Their Taxes in Bitcoin
The program, the first in the country, starts this week.
Mayor Discusses Local Impacts of GM’s Newly Announced Plant Closures
“This isn’t just a GM issue. People aren’t buying cars” like they once did, according to Lordstown, Ohio Mayor Arno Hill. “We’ve prepared for this.”
When a Local Government is ‘Unwilling’ to Cover Debt Costs
Lawmakers in Platte County, Missouri are hesitant to assist in picking up the tab for bonds related to a retail project.
State Revenue Volatility and Optimal Reserve Size Are Directly Linked
Comparison of states provides insight into their ability to weather an economic downturn
Despite Major Wildfires, Most Calif. Local Governments Won’t Feel Credit Ratings Impacts
Only small towns and school districts facing significant damage and weak liquidity will likely feel pressure, according to Moody’s.
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