Government finance

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

States could gain $8 billion to $33.9 billion in additional annual revenue if the high court rules in favor of South Dakota, while a loss would mean the status quo.

Two town officials also received civil penalties totaling $35,000 and were ordered to resign and be temporarily barred from employment with Ramapo, N.Y.

Senate and House Appropriations Committees appropriate more funds for certain transportation and housing programs after the president sought cuts to or elimination of the programs.

Tax administrators will consult with governors and governors, in turn, will consult with their legislatures before responding to any of several possible rulings in the case by the high court, officials said.

Any change to the spending flexibility among governmental units that results from the court decision is likely to be incremental, according to Fitch.

S&P said a state law de-annexing a major portion of one city to create another may affect all of its Georgia municipal rating assessments.

Currently at least 33 states provide 113 different tax credits that are already federally deductible.

The IRS has produced dozens of "issue snapshots" for the tax-exempt bond community, charities and non-profits, retirement plans, Indian tribal governments and federal, state and local governments.

A city job training proposal will no longer use bond proceeds due to concerns about legality.

Stockbridge's attorneys filed a state constitutional challenge in local court, and plan to file a civil rights complaint in federal court soon.

Local, county and state officials said they took initial steps Wednesday in what will become a much larger contingent of elected officials who will jawbone their federal counterparts with testimonials about the cost savings attributable to advance refundings.

Twenty-two states have not issued any bonds to boost the amount of money available from their clean or drinking water state revolving funds, according to the National Resources Defense Council.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

Using bond proceeds to fund a Jobs program would be illegal, says Barbara Parker, Oakland's city attorney.

Mountain View is considering a business tax in which Google could pay up to $5.4 million a year.

Sixty percent of counties identified in the report are located in 20 states outside the areas in New York, New Jersey and California where the $10,000 cap has raised the strongest political objections.

The federal the clean water and drinking water state revolving funds remain woefully underfunded, ASCE President Kristina Swallow told lawmakers.

The Government Finance Officers Association's new president does not see its top goals changing this year.

Gov. Nathan Deal signed the bills over the objection of Stockbridge bondholders.