Income taxes

A graduated income tax could lay the groundwork for Illinois to rebuild its credit quality — but only if done right, according to the rating agency.

The state Senate approved the proposed constitutional amendment on a party-line vote.

Fiona Ma has been pushing the state's bond team to explore refundings and to sell new money bonds while rates remain low.

The next five weeks will determine the fate of first-year governor J.B. Pritzker's proposals for the fiscally troubled state.

The full state Senate will weigh Gov. J.B. Pritzker's proposal to ask voters to approve a graduated tax system after it cleared a committee.

Refundings of recession-era stimulus bonds are driving California's robust sales volume.

Gov. Phil Murphy's budget plan includes $447 million of revenue from proposed income tax rate hikes for the highest earners.

Indianapolis and Marion County have tapped a new revenue pledge to back more than $600 million of bonds

The market appeared to move after Gov. J.B. Pritzker announced a rate structure for his graduated state income tax proposal.

New Jersey Gov. Phil Murphy’s second proposed budget relies on tax increases to fund his policy initiatives.

The cap, repeal of which is a priority for state and local groups, will affect nearly 11 million taxpayers, an audit found.

The tax cap, and a voter ID measure, are unconstitutional because the state legislature is illegally racially gerrymandered, a Wake County judge ruled.

The household sector owned 42.2% of the nation’s $3.83 trillion in municipal securities in the second and third quarters of 2018, according to Federal Reserve data.

Officials say California revenues may rebound after coming in $2.3 billion shy of Gov. Gavin Newsom's budget plan in December and January.

A new report from the state comptroller lays out budget strains that weigh on the backlog despite strong revenue numbers.

A sharp drop in New York State income tax collections will force revisions to Gov. Andrew Cuomo’s $175.2 billion budget proposal unveiled.

The legislation would leverages $8 billion in federal investment into $226 billion worth of bond authority over the next 10 years.

SALT deduction limitations have heightened sensitivity to the property tax, an issue both complicated and visceral. Paul Burton and John Hallacy host.

Emily Brock, director of GFOA’s federal liaison center, said restoration of advance refundings and increasing the limit on bank qualified debt to $30 million also are among the legislative priorities for 2019.

Rep. Richard Neal, D-Mass., has pledged to ask mayors, governors and other municipal market advocates to testify at hearings early in 2019.