Finance

Going into 2025, cities plan for leaner budgets

A survey of city finance officials found that at least half are wary of the coming year and are forecasting more conservative revenue estimates.

Ensuring resilient water infrastructure requires creative financing

COMMENTARY | Federal support is key to ensuring water systems are safe. But state and local governments have a critical role to play, too.

Biden administration forgives $4.5B in student debt for public service workers

The president said that more than 1 million public servants to date have had their federal student debt canceled.

Increasing the impact of opioid settlement funds

COMMENTARY | States bear a heavy responsibility to administer and leverage the money for the public’s benefit. They can do that through a data-driven approach.

In a state with school vouchers for all, low-income families aren’t choosing to use them

Working-class parents often express interest in vouchers. But in Arizona, the nation’s school choice capital, these families aren’t using them due to the inaccessibility of private schools and the costs of transportation, meals and uniforms.

Oregon could become the first state to tax big companies and send the cash to all residents

Some opponents say the rebate will drive up consumer costs far more than sales taxes would.

State, local guaranteed income programs set the stage for federal action

A growing body of research shows that local-level cash assistance initiatives can improve financial, housing and other outcomes for recipients. Federal lawmakers are taking notice.

A recipe for getting the finances right

COMMENTARY | Cities across the country are currently finalizing their budgets. But budgeting is just one ingredient in a city's financial success.

Time to reset the transportation funding equation

COMMENTARY | The way the nation funds our transportation network is broken. The solutions to fix it already exist. State and local governments just need to pick one.

US disaster relief funding is running dry as Helene roars through

Congress opted not to replenish the FEMA disaster fund before it left town this week. It’s not the first time lawmakers have left the emergency management agency short of cash.

Congress averts a shutdown, setting up a lame duck fight in December

A stopgap funding bill is heading to Biden's desk as Congress staves off a pre-election shutdown.

Tax the sale of guns and ammo? Voters in this state are set to decide.

A ballot measure in Colorado is the only one on guns before voters this year. The effort is part of a broader trend to expand excise taxes.

Climate impacts put insurance commissioner races in the spotlight

As premiums skyrocket, voters are starting to pay attention to one of the most obscure positions on the ballot.

Hungry for affordable housing, communities turn to land trusts

The old-school approach is garnering renewed interest amid a nationwide housing crisis. The model promises permanently affordable housing.

Bipartisan deal looks to punt shutdown threat into December

States and cities don't need to fear federal worker furloughs in the near future.

The IRS has made its free tax filing tool permanent. Now, these states want to take it a step further.

Maryland and North Carolina are the latest to join Direct File. They are also planning to allow taxpayers to seamlessly file their state returns alongside their federal ones. It’s a new frontier for tax filing tools, experts say.

Ballots in two cities aim to keep soda taxes from falling flat

Taxing sugary drinks can raise cities’ revenue and improve people’s health, according to research. But state restrictions and industry pushback have stalled such taxes. Can two ballot measures change that?

Some states want to make it easier to cancel subscriptions

Pushback from cable, streaming services has challenged their efforts.

In an unprecedented move, Ohio is funding construction of private religious schools

The state is giving millions in taxpayer dollars directly to private schools to help them renovate and expand their campuses. It may be the next frontier in the push to increase the use of school vouchers, proponents say.

What the Federal Reserve’s policy shift means for state and local budgets

The Federal Reserve intended for its first rate cut in four years to stimulate the broader economy, but the decision will also gradually effect state and local budgets.