Gov. Sarah Palin is expected to sign a measure increasing taxes on Alaskan oil production. The bill reflects most of the goals she set out before calling the Legislature into a month-long special session that ended Nov. 15. The bill increases the base rate of the state’s petroleum production tax to 25% from 22.5%, plus surcharges when oil prices are high. The legislation also overhauls the tax deduction system used to encourage investments by oil producers.Between the new tax rate and the surcharge, the state government is projecting a $1.6 billion general fund windfall for the next fiscal year.Palin was elected governor in November 2006. She said it was necessary to revisit the oil production tax overhaul the Legislature approved in 2006 because it was tainted by corruption. Three former lawmakers have been convicted this year on federal corruption charges, with one more facing trial.
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The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
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LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
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Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
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D.C. promises $515 million in improvements to its existing downtown arena.
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A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
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In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
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