Tax

A tighter cap on local property tax rates for some cities and counties will factor negatively into future bond ratings, analysts warn.

Municipal issuers are benefiting from lower interest rates and investor demand that seem at least partly driven by the nearly constant talk of tariffs and trade wars.

The limit on the SALT deduction caused an estimated 10.88 million individual taxpayers to lose $323.1 billion in tax deductions for the 2018 tax year, the Treasury Inspector General for Tax Administration reported in February.

Texas surpassed $3 billion in sales tax revenue, the highest total for any month on record.

Bills to limit the revenue flexibility of local governments and put more state funding toward schools were driven by a desire to limit property taxes.

The General Assembly is sending a Constitutional amendment to voters for the measure that would raise $3 billion annually.

Gov. Ned Lamont and Connecticut lawmakers are studying a proposal to essentially exchange much of the state’s income tax for a payroll tax.

Illinois lawmakers gave first-year Gov. J.B. Pritzker a victory on a cornerstone of his fiscal plan for the troubled state.

Infrastructure ranked No. 2 behind only the related issue of economic development as a top priority for mayors during 153 State of the City addresses delivered this year the National League of Cities reported.

The measure, backed by Gov. J.B. Pritzker, cleared the House Revenue and Finance Committee on a party-line vote.

The 10 most populous U.S. states that levy income taxes all saw April revenue spikes, in many cases after missing projections in the previous months.

Long-term leases with container shipping tenants protect ports in the short to medium term should trade decline.

Stephen Benjamin, mayor of Columbia, South Carolina, said P3s already work in metropolitan areas and dialogue needs to be opened with smaller cities looking at P3s.

Nebraska's largest school district has more than $770 million of unfunded pension liabilities after some pension fund investments turned sour.

Dallas-Fort Worth International Airport expects to save money with the refunding deal as it advances plans for a new terminal and refurbished runways.

The gains are putting to rest speculation that tax reform would hurt high-tax, Democratic-leaning states.

Lawmakers have to wait another week for the governor's five-year infrastructure plan.

Gov. J.B. Pritzker's about-face on re-amortizing to reduce next year's pension contribution is one less negative rating factor, agency analysts said.

The Treasury and Internal Revenue Service sent the final regulation to the White House Office of Management and Budget over six weeks ago.

The New Jersey governor is using an unexpected tax collection surge to boost his push to hike income tax rates for the highest earners.