Sales tax

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.

The 0.34% sales tax rate increase would raise an estimated $70 million annually for Colorado's only safety net healthcare provider.

Legislative leaders want the Super Bowl-winning Kansas City Chiefs to weigh in on a plan to use bonds for a new stadium on their side of the state line.

California senators approved a tax measure to raise $1.5 billion after the bill's author promised further tweaks to occur on the Assembly side.

A professional basketball arena costing at least $900 million moved forward in Oklahoma City with the city council's approval of a development agreement.

In an April 2 special election, voters in Jackson County, home of Kansas City, will decide whether to impose a sales tax to fund a new baseball ballpark.