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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.
Property, income and sales taxes would be covered under the emerging plan, which would differ sharply from current law.
Colorado's departing transportation chief offers some thoughts on what it takes.
It’s a problem communities can face when populations and property values decline.
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.
The legislation passed 51-49, without Democratic support. One credit rating agency described the bill as "negative overall for state and local government finances."
Sen. Susan Collins is proposing to change state and local tax deduction provisions in the bill to mirror House legislation.
GOP tax legislation in the Senate could get a floor vote before the end of the week.
Ahead of a key vote this week, senators from states where tax cuts busted the budget want the plan to include a “backstop” in case the party’s rosy revenue predictions don’t come true.
, The Atlantic
November 28, 2017
Republican voters soured on tax cuts in Kansas. Now a similar budget crisis is playing out in Oklahoma, and in a string of special-election wins, Democrats are taking advantage.
, The Atlantic
November 27, 2017
But there aren’t huge boosts in the appropriations proposal either for programs that are significant for states and localities.
A new data dashboard features metrics like median credit scores, and delinquent debt levels for residents in 60 U.S. cities.
Whether representing a booming urban center, a ritzy suburb, a steel town struggling for growth, or an overtaxed collar county of Chicago, local officials are concerned about the GOP tax plan.
Detecting trouble early gives states and local governments more flexibility to solve a local government’s fiscal challenges.
By The Pew Charitable Trusts
November 15, 2017
The report, the result of a multi-year study examining state budget procedures in five categories, aims to identify “the strongest and weakest among states will encourage new efforts to raise standards for all states.”
, Special to Route Fifty
November 5, 2017
The odds the legislation will maintain a deduction for state and local income or sales taxes appear unlikely.
When it comes—and it will, eventually—it’ll be worse than necessary.
, The Atlantic
October 31, 2017
House Republicans are set to unveil their tax plan this week. Retaining a deduction for state and local property taxes promises to change the math.
There are plenty of reasons why cities and counties focus on short-term fiscal needs. Here are some advantages for those who change that risky mindset.
The agency also announced it will funnel about $58 million to the state of Texas to help with Hurricane Harvey recovery efforts.
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