Sales tax

Legislation to continue a sales tax and revenue bond program until July 1, 2028, and allow its use for mall redevelopment projects, passed the Senate.

In a first for the Midwest, a southern Illinois city plans to redevelop a mall using proceeds from sales tax and revenue bonds.

The county would hold a special election for a sales tax to provide more funds to build and operate a bond-financed jail project that faces rising costs.

While the new tax policies should address the state's projected deficit, rating agencies are cautious about the projected revenues and federal spending on Medicaid, which could impact Louisiana.

The state comptroller forecasts a $23.8 billion budget balance at the start of fiscal 2026-27, down from a record $39.4 billion for fiscal 2024-25.

Wish lists for new or improved professional sports venues are piling up with Oklahoma City poised to vet financing proposals for a downtown basketball arena.

Six Texas cities sued the state comptroller over a rule that altered where sales taxes would be collected on certain online purchases.

The Central Ohio Transit Authority's half-cent sales tax increase will back up to $500 million of revenue bonds.

Tourism Development Tax, sales tax, and Professional Sports Facilities tax and revenue refunding bonds were upgraded, impacting $628 million of debt.

Moody's also upgraded other Florida locality bonds recently as a result of a revised cities and counties rating methodology.