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In Montana, two school districts and the state government reported that a new state law signed by the governor on May 6 will end the state tax deduction for certain school bonds after 2023 if those bonds are federally taxable.
May 10
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Lawmakers, buoyed by rising revenue estimates, overrode Gov. Laura Kelly's veto of tax cut legislation.
May 10
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Arizona and neighboring states are preparing for the first mandatory cuts in water from the Colorado River after 20 years of drought.
May 10
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The U.S. labor market remains in a “deep hole” and needs aggressive support to speed its healing from the COVID-19 pandemic, said Federal Reserve Bank of Minneapolis President Neel Kashkari.
May 10
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It will probably take “quite some time” for Federal Reserve officials to conclude the economy has made substantial progress following Friday’s disappointing jobs report, Chicago Fed President Charles Evans said.
May 10
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U.S. consumer credit climbed in March by more than forecast, highlighting an increased willingness to borrow as economic activity resumes.
May 7
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A disappointing jobs report gives credence to the Federal Reserve’s concern about slack in the labor market.
May 7
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Guam’s tourism has been hit very hard by COVID-related travel limitations, but the government should be able to get through this period with approved federal aid and the continuation of federal military construction.
May 7
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Federal coronavirus relief helps the city deal with immediate budget problems, but pensions loom large over the city's post-pandemic fiscal landscape.
May 7
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Hilltop Securities Inc., the third-biggest adviser on bonds issued by U.S. states and local governments, sued a former employee for allegedly stealing confidential files before leaving for competitor RBC Capital Markets.
May 7
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The state has allocated $1.3 billion over three years to repair and replace 163 buildings, General Treasurer Seth Magaziner reported.
May 7
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Federal Reserve Bank of Minneapolis President Neel Kashkari said he has “zero sympathy” for critics on Wall Street, who slam the central bank’s aggressive support of the U.S. economy while millions of Americans remain out of work.
May 7
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A rising appetite for risk across a variety of asset markets is stretching valuations and creating vulnerabilities in the U.S. financial system, the Federal Reserve said in its semi-annual financial stability report.
May 6
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“Our net present value savings were $191.5 million or a record-setting 29%," said North Texas Tollway Authority Chief Financial Officer Horatio Porter.
May 6
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Refinitiv Lipper reported $584 million of inflows, $341 million of which went to high-yield, as investors pull back on reinvesting to pay tax bills with the May 17 tax filing deadline looming.
May 6
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The numbers are driven by record oil and gas production tax collections and increases in sales and income tax payments, State Treasurer Randy McDaniel said.
May 6
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An increase to $30 billion from $15 billion on the PAB allotment overseen by the Department of Transportation was one suggestion a House panel heard Thursday.
May 6
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ESG is here to stay and it matters to investors.
