Sales tax

Research shows that financing sport facilities with public debt often doesn't pay off, the Tax Foundation says.

The city council unanimously passed a deal that could lead to the issuance of up to $900 million of bonds and a sales tax hike to pay off the debt.

The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

After getting positive outlooks from three rating agencies since 2023, Oklahoma received its first upgrade.

South Dakota voters will have the opportunity to end the state tax on groceries this November.

The estimated $100 million raised annually from the 0.5% tax increase on the Nov. 5 ballot could be used to back bonds for affordable housing.

Revenue from the sales tax could be used to issue long-term debt to reduce the extensive backlog of city projects.

Overall state general fund revenue is on track with an October estimate, while the projection for the fiscal 2024-2025 yearend balance faces changes.

The plan would raise about $100 million a year to create and preserve affordable housing.