Government finance

The expected GFOA guidance will come as governmental units prepare to meet a Jan. 1, 2020 deadline set by the Government Accounting Standards Board for treating all leases as financings for the right to use an underlying asset.

Bills on Gov. Nathan Deal's desk would allow creation of a new city of Eagle's Landing at the expense of the existing city of Stockbridge.

The proposed city of Eagles Landing would take the heart out of the city of Stockbridge, Georgia, with no apparent accommodation for its outstanding debt.

Solving the state's pension crisis will require politically painful options for taxpayers and public employees.

The case involves as much as $100 billion in state and local sales tax revenue over the next decade, according the e-commerce retailers that are defendants in the lawsuit.

Local government public safety pension funds are armed with new funding enforcement mechanism.

The justices and attorneys both sides in a case involving South Dakota all appeared to prefer action by Congress to regulate this area of interstate commerce that has been forced on the high court by legislative gridlock.

A high court ruling on online sales taxes that favors the states “could gradually improve long-term revenue growth prospects,” Fitch said.

Lanny Schwartz brings varied experience to a new role at the MSRB, including with the derivatives that could be poised to make a comeback because of the prohibition on advance refundings.

The Georgia Legislature’s plan to cut the city of Stockbridge in half, without its consent, brought warnings of litigation from bondholders and potential damage to the state's triple-A rating.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

Bond Dealers of America urges the House Ways and Means Committee to take up and pass a bill that would restore advance refunding bonds according to prior law.

The report illustrates how federal, state and local laws must be changed if the Supreme Court rules in favor of South Dakota and against Wayfair Inc. in an online sales tax case.

Some of the oomph for multifamily housing bonds comes from additional federal funding for public housing agencies which are partners in these bond deals while the remainder comes from programmatic changes in the law.

City and state groups credited Congress for supporting programs the administration wanted zeroed out, including the Federal Transit Administration’s Capital Investment Grants program, which will get $2.6 billion.

The state’s net position of governmental activities eroded by $10.1 billion to reach a negative $141.7 billion.

The bill has a $63 billion in spending for non-defense discretionary programs in the 2018 fiscal year ending Sept. 30, including $10 billion more for infrastructure programs.

President Trump has threatened to veto this long-delayed omnibus if it contains a $900 million appropriation for Gateway that the House approved in September as part of a spending bill for the Transportation and Housing and Urban Development Departments.

The collapse of the pedestrian bridge in Florida and resulting focus on its federal funding shouldn't impact the TIGER program, transit officials said.

Transit officials from across the nation meeting here this week said the president's proposed budget cuts don't track with his rhetoric on infrastructure.