Sales tax

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.

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.

Laws enacted in Arkansas and Kansas will reduce income tax revenue by hundreds of millions of dollars in fiscal 2025.

The Ohio county seated in Cleveland is only one of many jurisdictions where officials are grappling with weakening sales tax revenues.