Finance

Treasury Blocks State Charitable Deduction Workarounds to SALT Cap

Taxpayers won't be able to write off contributions they make as charitable donations, if they receive tax credits in return.

Forget Lower Jobs Growth, Focus on the Number of People Who’ve Stopped Looking for Work

COMMENTARY | An economist explains why the long-term drop in the participate rate is an even bigger problem for the U.S. economy than the May slowdown in jobs growth.

How One City Gets Residents to Actually Participate in the Budget Process

Fort Collins, Colorado uses a "budgeting for outcomes" system that officials say prioritizes initiatives that are likely to help the city achieve its overall goals.

Years Later, the Recession’s Sting is Still Tough to Shake for Many States

New research takes a look at the lingering mark the downturn left on state budgets.

A State Forges Ahead With a Controversial Plan to Control Pension Costs

Public employee unions have decried the pension measure as unfair, but Oregon Gov. Kate Brown and others have framed it as a needed step to ease the strain on government finances.

The Economic Cost of Devastating Hurricanes and Other Extreme Weather Events is Even Worse Than We Thought

With hurricane season starting in June, coastal areas should understand the comprehensive cost of storm damage.

Trade Groups, Lawmakers Deride Trump’s Mexico Tariff Plan

The escalation of tariffs would add $17 billion in new taxes at the 5 percent rate and $86 billion at the 25 percent rate.

Alabama Moves to Lower Prescription Drug Costs

STATE AND LOCAL ROUNDUP | Connecticut mandates climate change education in schools … Texas legislature allocates no money for Census outreach … Baltimore recovers from ransomware attack.

States Consider Using Marijuana Tax Revenue to Help Communities Hurt by Drug Policies

A new report argues that the practice should be more widespread, and should fund sustainable jobs for the communities most affected by drug enforcement policies of the past and present.

As Airbnb Grows, This Is Exactly How Much It’s Bringing Down Hotel Prices and Occupancy

COMMENTARY | The number of Airbnb properties has exploded since its founding in 2008. A hospitality management expert looked at how this has hurt hotels.

$19 Billion Disaster Relief Bill Blocked for Second Time

The House was unable to approve a package of disaster relief funds destined for states hit by hurricanes, wildfires and flooding after a Republican lawmaker lodged an objection Tuesday.

The City That’s Giving People Money

COMMENTARY | Randomly selected Stockton residents are receiving $500 a month. The experiment might prove that guaranteed income works.

Senate Passes $19 Billion Disaster Aid Bill

STATE AND LOCAL ROUNDUP | Code for America turns ten and looks for a new leader … New mayor says Chicago suburb’s bureaucracy in shambles … Louisiana braces as Midwest flood waters flow south.

Congress Must Give States The Tools To Rebuild America’s Infrastructure

COMMENTARY | The federal government hurt state and local governments’ ability to invest in our failing infrastructure last year; now they have a chance to correct that mistake.

One City May Become the First to Directly Fund Abortion Access

The New York City comptroller has proposed directing $250,000 to an abortion access fund in response to tightening abortion restrictions around the country.

Economists Remain Worried About Slow-Growing Middle Class

By 2017, the number of households still had not recovered to the levels of 2000.

Sports Betting Not Proving to Be a Tax Bonanza For States

Revenues have largely been modest and in some places have fallen far short of projections.