Finance

For the First Time, a State Will Mandate Severance Pay During Mass Layoffs

Inspired by the closure of Toys ‘R’ Us amid bankruptcy, New Jersey passed a law to protect employees during large-scale cutbacks.

State Lawmakers Backtrack on a Tax Code Revamp

Utah officials say they plan to scrap a law they passed just last month after it attracted widespread public opposition, in part because of a tax hike on groceries.

How States and Localities Could Spur More Companies to Share Profits With Their Workers

A new report says profit sharing and employee ownership can benefit both companies and workers, recommending state and local policies to help support these business models.

Seniors’ Sweet Tax Breaks Have Become a Target

In most states, seniors pay less income tax than younger people. Is that fair?

Proposal Could Impose Higher Taxes on Companies With Large CEO-Worker Pay Gaps

A California Senate committee approved a bill meant to address big pay disparities between corporate executives and employees.

Property Taxes Sink Farmland Owners

As farmland continues to increase in value, even amid declining farm prices and weather woes, farmers see their tax bills rise.

The Final Sprint: How the Public Sector Can Efficiently Comply with the New Lease Accounting Standard

COMMENTARY | A new financial reporting requirement for states, localities and higher ed will require a heavy undertaking to efficiently reach compliance.

Seattle Passes Campaign Finance Restriction Targeting Corporate Donations

The bill approved by the city council would prevent any company with 5% of its stocks held by foreign individuals or companies from donating to local elections.

Lawmaker Sees State Rainy Day Fund as Lifeline For Localities Battling Big-Box Stores Over Taxes

The Indiana legislation could assist local governments dealing with “dark-store theory” property tax appeals.

Tax Incentives Fail to Spur Broad Economic Growth, Study Finds

Researchers analyzed state and local governments tax incentive spending, finding little evidence that the deals spurred job growth outside the specific industry implicated.

Remote Workers Moving to Tulsa? Foundation Doubles Down on Recruitment Efforts

The Remote Tulsa program is now offering $10,000 to 250 people to move to the Oklahoma city for a year, citing success in its first year.

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The Places Where Growth in Home Values Could Lag in 2020

New survey results offer predictions for where gains in home values could be strongest and weakest during the year ahead.

Pension Cuts May Pose Special Risks For Public Workers Not Covered by Social Security

About 5 million state and local workers are outside of the federal retirement program.

Big Cities Mostly Prepared to Weather Next Recession, Report Says

Chicago and Detroit are outliers, least able to withstand a recession, among the big cities examined by Moody's, which looked at how prepared cities are when a downturn comes.

Governments Increasingly Rely on Evaluations for Tax Incentive Reform

ANALYSIS | More states and cities are requiring rigorous analyses.

Cities and States Look to Tap More Tax Revenue From Expensive Real Estate Sales

“It basically allows for luxury housing to pay for affordable housing,” said a Boston city council member describing a "transfer" tax proposal there.

Over 40% of Consumers in Some States Have Delinquent Household Debt, Data Indicate

Financial stress from debt has subsided somewhat since the Great Recession, but remains high in some places. New data provides insight into how it looks at the state and county level.

With Healthy Budgets, Dozens of States Give Raises to Their Workers

The number of states bumping up pay for their employees has hit a high not seen since prior to the Great Recession.

They’ve Built It, but Will People Come to the Midwest?

COMMENTARY | Several Midwest cities like Indianapolis are experiencing an economic renaissance. Yet, the region’s inability to attract people threatens long-term prospects.

Democrats, White House Make a Deal on the New NAFTA

House Speaker Nancy Pelosi announced a deal Tuesday on the United States-Mexico-Canada Agreement.