Tax rates

The Goldwater Institute took aim at another Arizona municipality, filing a lawsuit against tax rate hikes approved by the Gilbert Town Council in October.

The start of the new year triggers the implementation of tax laws in 39 states with trends showing cutting and flattening of income taxes while SALT cap workarounds are also being scrutinized.

Trump's proposed corporate tax cut, if enacted, would further concentrate the buyer base and increase the chance of volatility, said Wells Fargo head of municipal strategy Vikram Rai.

Unless the state government makes changes to taxes or spending, there will be deficits of $587 million to more than $800 million starting in the next fiscal year.

State income tax collections were off last year and some analysts are watching to see how planned tax cuts will affect the triple-A state's revenues.

As the economy normalizes, state revenues are shrinking

Nebraska Gov. Jim Pillen called a special legislative session for July 25 so lawmakers can consider his plan for property tax reform after his April attempt fell short.

States nationwide saw slower general fund revenue growth in fiscal 2023 after gains the previous two fiscal years fueled by high inflation and federal stimulus.

The Tax Cuts and Job Act will be up for renewal by the winners of the next election cycle

New data indicates residents in high tax states are not moving to cut their tax liability.