Tax

States and tax experts are wrestling with post-SALT scenarios.

The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion

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

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

Two former Congressional staffers offered insight into how the debate may play out, but said the industry needs to be vocal and educate lawmakers how bonds help their district.

The Fed's 50 basis point cut surprised many, as a looming federal election and all the uncertainty that brings complicates efforts at forecasting.

After getting positive outlooks from three rating agencies since 2023, Oklahoma received its first upgrade.

Florida's official outlook indicates the state government faces a $10 billion deficit by mid-2028 without major tax and spending changes.

The Republican presidential nominee reverses course on his own policy

The districts, which finance public infrastructure for housing developments, are dealing with limited revenue growth and state actions to cut property taxes.

Amendment A on the Nov. 5 ballot would allow the state government to tap revenue currently earmarked for public education for other purposes.

The triple-tax-exempt bonds should be in demand, especially the non-AMT series, analysts said.

Stagnant per-pupil state funding amid rising costs led to budget deficits, lower reserves, and ballot proposals to raise property tax rates for some districts.

South Dakota voters will have the opportunity to end the state tax on groceries this November.

Rep. Steven Horsford will likely replace the late Rep. Bill Pascrell.

Initiatives planned for the Nov. 5 ballot raised concerns in the state's municipal bond market over higher borrowing costs and litigation.

Property taxpayers want a state court to order the city to reduce its 2024 tax levy by $187 million earmarked for a now-downsized mass transit plan.

The estimated $100 million raised annually from the 0.5% tax increase on the Nov. 5 ballot could be used to back bonds for affordable housing.

State lawmakers will be back in session Aug. 26 in an effort to head off ballot initiatives that worry the state's public finance industry.