Property taxes

The ruling on tax assessments orders Philadelphia to repay $48 million, with $34 million coming from the school district.

The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.

The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.

Lawmakers are plowing through a pile of trailer bills, including two tax increases, that must pass to avoid blowing a hole in their $214.8 billion budget.

A tighter cap on local property tax rates for some cities and counties will factor negatively into future bond ratings, analysts warn.

Bills to limit the revenue flexibility of local governments and put more state funding toward schools were driven by a desire to limit property taxes.

Nebraska's largest school district has more than $770 million of unfunded pension liabilities after some pension fund investments turned sour.

School districts dominate the list of 64 issuers seeking $11.2 billion of debt authority.

Texas lawmakers are pushing for legislation to cap local property tax increases, with implications for bond ratings across the state.

An $8.4 billion bounty in state revenue puts Texas in its best position in years to resolve school funding woes.

Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.

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

S&P raised the Indiana capital's ad valorem tax-secured bonds to AA-plus.

An initiative that would create a separate property tax assessment system for non-residential properties qualified for the 2020 ballot.

Thursday is the deadline for sending comments to the IRS on its proposal to prevent taxpayers from avoiding the $10,000 federal cap on state and local tax deductions that Congress enacted last December.

The report found that 61% of the 341 finance officers who participated in the survey anticipate negative future impacts on their city's financial health from the termination of advance refundings, while 35% said they already have seen negative impacts.

New York Gov. Andrew Cuomo sent letters to the Internal Revenue Service and to Treasury's Inspector General for Tax Administration threatening litigation and and asking for a probe of alleged undue political interference.

The bill would make permanent the lower tax rates for individuals and small businesses and the $10,000 federal cap on state and local tax deductions.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

The measure, which may be on the ballot in 2020, would lift the Proposition 13 limit on commercial property tax assessments.