Finance

Extended Income Tax Deadline Is Yet Another Coronavirus Budget Curveball for States

Shifting the due date for income tax filings to July from April will likely create some budget gaps that states will have to manage in the final months of their fiscal years.

Trump Signs Coronavirus Aid Package—But Democrats Say More Help Needed for States and Cities

The House approved the Coronavirus Aid, Relief, and Economic Security Act on Friday and President Trump later signed the measure into law. But lawmakers said they expect to address the growing financial needs of local governments in a fourth bill.

Coronavirus Is Slamming State Unemployment Systems

Funding is one concern, another is handling an unprecedented wave of claims.

Move by Fed May Help Shore Up Short-Term Borrowing for States and Localities

The municipal bond market is experiencing a massive crunch as investors react to the coronavirus pandemic.

As Ridership and Revenues Plunge, Transit Agencies Seek Financial Aid

The coronavirus has far fewer people riding buses and trains. Tax revenues going towards transit are in line to take a hit as well.

Coronavirus Threatens to Blow Big Holes in State Budgets

States are dealing with financial uncertainty as they spend to combat the virus, but also face the possibility of lost revenues as the disease puts a major drag on the economy.

Costs to Combat Coronavirus Mount in an Epicenter of the Outbreak

In King County, Washington alone, the local government is spending about $100,000 a day responding to the public health crisis, according to one lawmaker.

Agriculture Secretary Tells Farmers Not to Count on Future Farm Trade Bailouts

President Trump previously signaled that more money to subsidize farmers for trade losses could be doled out.

State Lawmakers Face Uphill Battles as They Seek to Tax More Services

Maryland is the latest state to consider such a proposal. What many experts regard as “good tax policy” is often a tough political sell.

What’s Next for Fiscal Oversight in Philadelphia?

COMMENTARY | Experts and officials debate future of agency that has played key role since 1992.

Local Leaders Talk Solutions to Rising Costs of Living

At an event in Washington D.C., mayors and city council members spoke about the need for local solutions helping people cope with the increased costs of housing, child care and health care.

Deep Dive Into State Budgeting Practices Finds Improvements

But circumstances vary widely between states, while pension and health care costs remain a concern.

Ensuring State Broadband Grants Go the Extra Mile

From grant matching to community engagement teams, officials who oversee state broadband grants say it’s important to require communities and companies that receive public funding to meet certain benchmarks.

Utah Representative Proposes Bill to Stop Payday Lenders From Taking Bail Money from Borrowers

Debtors prisons were banned by Congress in 1833, but a ProPublica article that revealed the sweeping powers of high-interest lenders in Utah caught the attention of one legislator. Now, he’s trying to do something about it.

Safety Net Programs, Local Grants on Chopping Block in Trump Budget

Trump’s $4.89 trillion budget proposal faces an uphill battle with Democrats in Congress, who were critical of domestic spending cuts.

The Great Affordability Crisis Breaking America

COMMENTARY | In one of the best decades the American economy has ever recorded, families were bled dry.

Measuring the Cost of a State’s Car Economy

A new study attempts to come up with a dollar figure for how much cars, trucks and roads cost Massachusetts each year.

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.

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.