Tax

With continuing weakness in oil fields, restaurants and stores due to the pandemic, Texas saw sales tax collections fall 3.5% year-over-year.

The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.

The city of Alpharetta wants to repurpose $24.72 million in bonds issued in 2016 by the Development Authority of Alpharetta.

California's progressive tax system preserved revenues amid the COVID-19 pandemic, Legislative Analyst Gabriel Petek told a Bond Buyer conference audience.

The No Place Like Home bonds, backed by a long-standing income tax surcharge, fund supportive housing for homeless people with mental health issues.

Advance refunding, direct-pay bonds, and increased limits on bank-qualified bonds would be among the muni-friendly tax provisions that have a good chance of becoming law if Democrats control both chambers of Congress.

These public finance supporters in both chambers of Congress include Democrats from Massachusetts, Maryland, and Alabama and Republicans from Mississippi, Ohio, and Texas.

Proposition 15 would detach commercial real estate from California's cap on property assessment increases.

The deal struck by Gov. Phil Murphy to increase marginal rates on income over $1 million is not expected to make a material difference to the state deficit.

A proposed financial transaction tax in aimed at bolstering tax revenues could cost the state Wall Street business, analysts warn.

In the first two months of the fiscal year, Georgia saw state tax collections, which support the state general fund, increase by 12.4% year-over-year.

Declining tourist taxes, which support the bond-financed Orange County Convention Center's expansion, led officials to suspend the design work on the project.

Proposition 19 would change key aspects of the landmark Prop 13.

A new tax credit, a grand jury report, national election-year politics and regional bickering have revived debate over natural gas drilling.

San Francisco International Airport will issue $291 million in refunding bonds amid belt-tightening efforts driven by a massive drop in passengers.

Prominent current and former public officials and analysts broadly agree that states and localities are headed for deep financial holes without additional and substantial federal aid.

More will be clear once the state gets a full tally of receipts from the July 15 tax deadline, but a rocky road lies ahead in any case.

Municipals stronger ahead of this week's summer supply slate as Congress debates a potential fiscal stimulus package.

Six states took revenue hits above 30%, according to report.

“We expect it will be years before demand returns to peak 2019 levels,” industry exec says.