Finance

It Matters Who Sits on Pension Boards and How Big They Are, Study Suggests

Researchers found investment returns are likely affected by the size of the boards, the expertise of members and other factors.

States Kick Off 2019 With Widespread Economic Growth

ANALYSIS | But the pace of states' economic growth is very different.

Employers Barred from Asking for Job Applicant Wage Histories in More and More States

STATE AND LOCAL ROUNDUP | Putting the city’s light-rail vision to a vote in Phoenix … Looking for a regulatory sweet spot for housing in Des Moines ... Declaring a water emergency in New Jersey.

What Business Leaders Want Changed in the New NAFTA

The Senate Finance Committee heard from business people across the country Tuesday who support passage of the United States-Mexico-Canada Agreement, but would like stronger enforcement mechanisms.

Could Public Banks Help California Fund Affordable Housing?

A coalition of bank activists in ten California cities is pushing for public banks. A bill to support them is working its way through the state legislature.

K-12 Spending Sees Gains, But Still Lags in Many States, Teachers Union Says

An analysis of 2017 data finds education funding remains below pre-recession levels in over a third of states.

Three States File Lawsuit Over Federal Rules Blocking SALT Workaround

Treasury and the IRS last month prohibited charitable contribution programs meant to provide taxpayers a way around a cap on federal deductions for state and local taxes.

Socking Away Money for the Bad Times Requires Strategic State Practices

The Volcker Alliance report grades states on their reserve fund balances and policies and makes 10 recommendations for how states can control withdrawals from rainy day funds, replenish spent funds, and address revenue volatility.

Why States and Cities Should Stop Handing Out Billions in Economic Incentives to Companies

COMMENTARY | Recent scandals involving economic development programs in New Jersey, Baltimore, and elsewhere illustrate just what’s wrong with these programs.

A State Opts to Use Added Online Sales Tax Revenue to Offer Income Tax Cuts

Wisconsin will soon begin collecting sales taxes from companies that provide online marketplaces for other vendors.

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A Nationwide $15 Minimum Wage Could Have Mixed Results

A new report says that a $15 federal minimum wage could help lift low-wage workers out of poverty, but also cause job losses.

State Savings Policies Evolve Amid a Decade of Economic Growth

The amount states have in reserve is at a high mark and savings practices have become more sophisticated. But lawmakers are at times still drawn to tap the large pots of money.

Gap Grows Between Well-Off and Troubled State Public Pension Plans

The findings from The Pew Charitable Trusts come as the U.S. enters a record phase of economic expansion.

Who's Benefitting from U.S. Economic Expansion?

COMMENTARY | Unfortunately, economic growth during the current expansion has neither been deep nor broadly distributed among most Americans.

‘There Are No Yachts in Falls Church’: Debate Over State and Local Tax Deduction Flares

GOP House members say Democrats’ claim that eliminating the deduction has hurt ordinary taxpayers is a “false narrative.”

Disputes Over State Taxes on Train Fuel Won't Go Before Supreme Court

A federal law has led to years of messy litigation over levies on locomotive diesel.

‘Contrarian’ State Pension Plan is One of The Nation’s Best-Funded

South Dakota's retirement system for public employees has been over 90 percent funded for nearly two decades. The state's investment officer discusses how its assets are managed.

Tracking State Spending in Real Time with Budget Transparency Websites

Oklahoma and Idaho are the latest states to launch budget transparency websites as a way to give residents access to real-time agency spending data.

Report: State Expenditures Now Growing at Greatest Clip Since Before the Recession

A new report estimates state expenditures will grow to $883 billion and rainy day funds will reach $68.2 billion in fiscal 2019.