Tax

A 2018 high court decision has been positive for state and local government budgets, but not as much a boost as some of the estimates had predicted.

Indianapolis and Marion County have tapped a new revenue pledge to back more than $600 million of bonds

The market appeared to move after Gov. J.B. Pritzker announced a rate structure for his graduated state income tax proposal.

New Jersey Gov. Phil Murphy’s second proposed budget relies on tax increases to fund his policy initiatives.

Small holders are disproportionately impacted by the way the restructuring was conducted, said Glenn Ryhanych of BlueList Partners.

Municipal bond issuance jumped 29.2% in February, and may climb further as the initial effects of the 2017 tax act fade.

The cap, repeal of which is a priority for state and local groups, will affect nearly 11 million taxpayers, an audit found.

The tax cap, and a voter ID measure, are unconstitutional because the state legislature is illegally racially gerrymandered, a Wake County judge ruled.

Note issuance declined in 2018 as a result of tax reform, rate fears, and ongoing fiscal austerity sparked by state and local revenue growth.

The household sector owned 42.2% of the nation’s $3.83 trillion in municipal securities in the second and third quarters of 2018, according to Federal Reserve data.

Officials say California revenues may rebound after coming in $2.3 billion shy of Gov. Gavin Newsom's budget plan in December and January.

Gov. Phil Murphy’s administration says the revenue shortfall is driven largely by federal tax law changes the GOP passed in 2017.

The owner of the Indy Eleven says a $150 million, 22,000-seat soccer stadium would help the team move up to Major League Soccer.

None of the 12 recommendations require congressional action and all are within the scope of the administrative powers of the IRS, according to NABL.

Texas lawmakers are pushing for legislation to cap local property tax increases, with implications for bond ratings across the state.

The Civic Committee of the Commercial Club of Chicago says its plan would put the state on path to fiscal solvency and double-A ratings.

Though Rep. Peter DeFazio, D-Ore. sees public-private partnerships as a viable option, he said it won’t work everywhere.

A new report from the state comptroller lays out budget strains that weigh on the backlog despite strong revenue numbers.

A sharp drop in New York State income tax collections will force revisions to Gov. Andrew Cuomo’s $175.2 billion budget proposal unveiled.

An $8.4 billion bounty in state revenue puts Texas in its best position in years to resolve school funding woes.