The Navajo Nation Council last week rejected a call for a referendum to build jails and court facilities with money from a nearly $1 billion trust fund. The council defeated the proposal by Delegate Kee Allen Begay, 46 to 27, with 59 votes needed for passage. Begay wanted to give tribe members the chance to a vote on spending some of the principal in the tribe’s permanent fund on new criminal justice facilities on the sprawling reservation. The defeated measure would have appropriated $244,000 for a referendum asking voters whether $153 million from the principal of the fund should be spent to build additional jails and courts. Current tribal law limits the council to spending the interest on the fund, or about $17 million a year. The tribe has deposited 12% of annual revenues from taxes on energy, mineral, and timber production from Navajo lands into the fund since 1985.
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A Senate bill would introduce public-private partnerships for transportation projects, while another would transfer ownership of roads to localities.
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Yields have seen "intermittent volatility from broader macro and geopolitical crosscurrents, keeping sentiment cautious despite relatively muted headline moves," said James Pruskowski, managing director at Hennion & Walsh.
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In rural areas, "even modest rate increases can force low-income households to choose between water service and other basic necessities," Matt Odermann from the National Rural Water Association told senators Wednesday.
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Washington Gov. Bob Ferguson, who has lobbied for a wealth tax, told lawmakers their draft proposal needs work.
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Washington D.C. is trying to follow the lead of many states that have decoupled their tax policy from the provisions of the One Big Beautiful Bill Act, but Congress is signaling disapproval which would result in a budget shortage.
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Potential buyers besides Emory University include Georgia-based health systems, other proton therapy operators and private equity firms.
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