Tax

The Dormitory Authority of the State of New York and New York City both saw billion-dollar-plus deals oversubscribed. 

The city council took action to keep the property tax rate unchanged, a move that could punch a $53 million hole in the fiscal 2026 budget and drain reserves.

A six-notch downgrade gives the financially troubled city a non-investment grade rating of BB-plus with a negative outlook.

California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.

Bond attorneys are skeptical that new hires at the Treasury and the Internal Revenue Service will help the municipal bond community as two men now occupy four key positions.

A state appeals court found that a simple majority approval by voters was sufficient on a 2020 hotel bed tax measure that reached the ballot via initiative.

A debt restructuring by Ninnekah Public Schools aimed to reduce the impact of a court-approved settlement that will still result in a huge property tax hike.

La Marque's two-notch downgrade from Moody's follows a rating cut last month by S&P; both agencies put the city on review for potential further downgrades.

Four cities were ordered to halt recent tax hikes pending an investigation of whether they complied with a state law that enforces a deadline for annual audits.

Ohio Gov. Mike DeWine's property tax working group released its final recommendations on Tuesday.