Tax

An increase in tax collections helped fuel the flow of billions of excess dollars into the state's previous budget, although growth in key sales tax revenue has slowed.

Large reserves will insulate states against downgrades in the near future, one rating agency says.

While some reliable options have emerged, market professionals remain hopeful the old advance refunding will return before the desire to bring it back loses any momentum.

States use tax proceeds in a way that appeals to voters because recreational marijuana is often legalized through a referendum process.

The National League of Cities found mostly good news for city budgets.

The state's strong reserves contributed to brighter rating outlooks from Moody's Investors Service and, earlier this year, S&P Global Ratings.

Rep. Jim Jordan, R-Ohio, has endorsed a plan that would raise the state and local tax deduction limit to $20,000 for single filers and $40,000 for couples.

City voters will decide Dec. 12 on a proposed one cent, six-year sales tax to fund an at least $900 million arena for the NBA's Oklahoma City Thunder.

California lawmakers have asked the state Supreme Court to block a ballot measure that would radically alter the state's tax structure.

Kevin Stitt ordered a special session to put the state on a path to zero income taxes and consider a proposal sparked by a dispute over Native American taxation.