Appeal to Trump on SALT Cap Appears to Get Cool Reception

New York Gov. Andrew Cuomo says "there is no more vital long-term issue" for his state's finances than a limit on the state and local tax costs taxpayers can write off on their federal returns.

New Accounting Standards Could Disrupt Access to Financing

COMMENTARY | Start planning now to make sure your finance team is prepared for GASB changes.

Candidate Pitches Plan for Chicago to Annex Its Suburbs

STATE AND LOCAL ROUNDUP | Texas now has a measles outbreak … San José mayor interested in Musk tunnel … and a N.C. city suspends drug testing.

State Tax Revenue Makes Biggest Gains in Seven Years

Revenue collections were boosted by favorable economic conditions, robust stock market returns in 2017 and the first half of 2018, and state policy actions.

Few Signs So Far Sports Wagering Will Be Huge Boon for State Budgets

“Large amounts of tax revenue from sports gambling is no sure bet,” one expert notes.

How a Government Shutdown Affects the Economy

Withholding pay from even some government workers could introduce a significant economic speed bump in the short run.

A Prolonged Shutdown Will Hit Counties With Tight Cash Flows Hardest

From wildfire prevention efforts to farm loans to mass transit, here are the latest potential casualties of a long-term funding hiatus.

A Turbulent Stock Market Can Benefit State and Local Borrowers

When stocks get dicey, one place investors turn to is municipal bonds.

Retiree Health Care Liabilities Keep Stacking Up For States

Newly issued data show the financial challenge posed by "other post-employment benefits."

Tax Cuts, Whale Funding and Pay Bonuses Among the Priorities in Governors' Proposed Budgets

Across the U.S. governors are rolling out their spending plans for the upcoming fiscal cycle.

Who Wins When Cash Is No Longer King?

Several cities are considering bans on cashless stores and restaurants.

Pennsylvania Pension Commission Flags Upwards of $1 Billion in Investment Costs for One Year

The sum earned by investment managers from one pension fund exceeded employee contributions for the same period.

The Promise and Peril of Borrowing Money to Manage Pension Costs

Chicago Mayor Rahm Emanuel last week proposed issuing bonds to improve the city’s pension funding levels. Is that a good idea?

Auto Loan Delinquencies Higher in Southern States

States with delinquency hotspots should reconsider harsh vehicle repossession policies and improve consumer protections, said one Urban Institute researcher.

Kentucky Governor Gives Short Notice on Pension Special Session

Days after the state Supreme Court strikes down a controversial pension reform law, teachers and other public employees rush to Frankfort—again.

Worried About the Next Recession? Here’s What to Watch

A new study suggests looking at peaks in financial cycles.

Federal Watchdog Offers Gloomy Outlook for State and Local Budgets

U.S. Government Accountability Office estimates show mounting fiscal pressures over the next 50 years.

The Reason Why Kentucky’s Pension Reform Law Was Struck Down

Gov. Matt Bevin, who championed the legislation, called Thursday’s state Supreme Court ruling “an unprecedented power grab by activists judges.”

Chicago’s Pension Fix Might Involve Marijuana

STATE AND LOCAL ROUNDUP | California proposal calls for text messaging fees … Philly mayor’s office to pay interns … and Anchorage quake damage data.