Politics

New or increased fees on electric vehicles are the second-most popular category among transportation state legislation so far this year, per ARTBA.

The measure would have prevented state and local public entities from requiring a company to implement an ESG policy to get a government contract.

The fiscal 2024 budget proposal leans on federal funds, better-than-expected tax collections, and a drawdown on reserves to bankroll a wide array of capital work and a boost to state employee salaries.

Easing drought conditions are not stopping states from restricting water use and investing in future supplies.

The Florida Department of Economic Opportunity said the state unemployment rate in May was steady at 2.6% for the fifth straight month, the lowest among the 10 largest states in the nation.

In a speech, the Federal Reserve Board governor said tighter monetary policy is not to blame for the volatility seen in the banking system this spring.

All 12 regional Federal Reserve banks released financial information from their presidents on Thursday, including new errors that Federal Reserve Bank of Atlanta President Rafael Bostic acknowledged. Such disclosures have taken on increased significance after a slew of scandals in recent years.

If approved by the local governing bodies, Milwaukee could raise nearly $180 million more annually from the new sales tax and the county $80 million from a hike, according to estimates.

States and local governments should prepare for fewer federal funds, higher borrowing costs and market volatility as a result of turmoil in Washington.

The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.

CPS expects to close the current fiscal year with a clean slate on short-term borrowing for a second year in a row but it will still rely on TANs to manage liquidity throughout the next fiscal year.

Lawmakers will be called back into session after Gov. Greg Abbott vetoed a bill for having too many loopholes.

Gov. Ned Lamont signed income tax rate cuts expected to benefit nearly 1 million people in the most comprehensive cut since the income tax was imposed in 1991.

Community colleges will be rewarded based on results that align with regional and state education and workforce needs.

Analysts agree with the market that the Federal Open Market Committee will hold rates in a range of 5% to 5.25%, but guidance will suggest a future hike.

Houston is one of the largest U.S. cities to set up a trust to help fund non-pension retiree benefits such as healthcare.

The report provides the first step in assessing what level of benefit enhancement is needed before further state action is taken on Tier 2 pension benefits.

The bill moved through votes in the Republican-controlled state legislature and onto the desk of a supportive Gov. Kay Ivey in just under a month.

Additionally, state Treasurer Dale Folwell endorsed an anti-ESG bill in the state legislature.

Some Democrats objected to the lack of hearing on the bill, which cements Aviation Trust Fund taxes for the next five years.