Trump Administration's Shift on Marijuana Could Imperil Banking Arrangements

By forcing cannabis businesses to rely on cash, the move might make businesses, owners and employees vulnerable to theft and complicate state efforts to collect taxes on drug sales.

With New Jersey’s Pensions in Crisis, a Question of Fiscal Priorities

To lure Amazon’s HQ2, the Garden State is offering more than double its annual contribution to the public pension system—a system that paid out $5.5 billion more in benefits than it accrued last year.

In Response to the Federal Tax Law, N.Y. Gov. Cuomo Promises Court Battle and State Code Changes

"It is crass, it is ugly, it is divisive, it is partisan legislating, it is an economic civil war," Cuomo said of the tax rewrite.

A Bit of Good News in a County That Closed All Its Libraries

As volunteers step up to run community libraries, a new intergovernmental agreement in southwest Oregon gives local advocates there some new hope.

Is the Tax Fight Over the SALT Deduction a Sign of Waning State and Local Influence on Capitol Hill?

“Do we have the clout we once had?" said the executive director of the U.S. Conference of Mayors. "That’s a very difficult question."

'God Made Republicans to Cut Taxes'

On a 227-203 party-line vote, the House on Tuesday passed a far-reaching, $1.5 trillion revision of the tax code, cutting rates for corporations, small businesses and individuals.

Final Tax Bill Does Not Include Tax on State and Local Pension Plans

An earlier House-approved version of the legislation would have exposed some public pension investments to federal taxation.

Republicans Are on the Cusp of Passing Their Tax Bill

Here's a rundown of some of the major provisions that have implications for state and local governments.

Tax Bill Would Scrap a Billion From Western States

Western states rich in coal, oil and natural gas—among them Wyoming, New Mexico and Montana—already rely heavily on those industries and have had their budgets hit hard in recent years by falling energy prices.

Bloomberg Blasts GOP Tax Bill

Among the criticisms the business tycoon and ex NYC mayor lodges against the legislation: Restricting state and local tax deductions will mean less local investment for infrastructure.

A Push to Preserve the New Markets Tax Credit

The future of the credit, which helps provide low-cost financing for projects in struggling communities, has been caught up in the tax debate unfolding in Congress.

GOP Tax Deal Is Slated to Expand Capped SALT Deduction Proposal

Property, income and sales taxes would be covered under the emerging plan, which would differ sharply from current law.

GOP Leaders Near Deal on Tax Bill

But Republican negotiators in the House and Senate were mum Tuesday on specifics that could affect states and localities.

Republicans Mull Expanding State, Local Deduction in Tax Legislation

GOP leaders in the House and Senate have voiced an openness to including a limited deduction for state and local income taxes as they move toward finalizing their tax code rewrite.

Why It’s Getting Easier for Marijuana Companies to Open Bank Accounts

Banks and credit unions are becoming more comfortable serving marijuana businesses. But the progress could be wiped out by President Trump’s Justice Department.

2 Key Ways Federal Tax Reform Would Affect States

Changes would probably have varying impacts across states and could have considerable effects on state revenue.

Senate Approves Tax Bill With Limited State and Local Deduction

The legislation passed 51-49, without Democratic support. One credit rating agency described the bill as "negative overall for state and local government finances."

Proposals With State and Local Implications in Limbo Amid Turbulent Senate Tax Debate

The state and local tax deduction remains a marquee item. But there are also notable amendments filed involving tax credits, marijuana and municipal bonds.

Loose Credit, Rust Belt Woes Lead to Foreclosure Uptick

Beyond the Rust Belt in some of the high-flying real estate markets in cities like Denver and Austin, the rare increases in foreclosures may be early warning signs of trouble ahead.