Finance

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.

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.

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.

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.

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.

Featured eBooks

This State Found $117,000 in Double Payments Through Data Analytics

Ohio developed a tool to review all state agencies’ payment transactions from January through September and found 56 duplicate payments worth more than $117,000.

Why One City is Prioritizing Financial Empowerment

St. Paul, Minnesota created a city office that aims to lift up residents who are struggling the most, while also addressing the ways city penalties might be keeping them down.

Turning Gray and Into the Red: The True Cost of Growing Old in America

COMMENTARY | Too many people enter retirement without financial security.

In a Booming State, Lawmakers Face a Looming Transportation Cut

“My focus is going to be about doing the best job of spreading the pain,” said one Washington state lawmaker, describing what lies ahead in an upcoming legislative session.

The Troubling Decline in City Revenue Growth

COMMENTARY | The economy continues to grow, yet cities anticipate revenue problems. How can both be true?

With Overall State Spending Up, Transportation Sees Notable Gains

At least 18 states raised spending on transportation programs by 10% or more in fiscal 2019, based on estimates in a new report.

Half of Americans Dealing With Civil Law Problems, Survey Finds

A quarter of respondents described two or more circumstances that had the potential to land them in court over a year's time, for issues like overdue debts, child custody disputes and evictions.

States Hold Onto Federal Dollars Meant for Needy Families

One state has $732 million not being spent to help needy families.

A State Braces for Major Transportation Funding Cuts As Ballot Measure Nears Passage

Seattle area officials are vowing to sue over the Washington state initiative, which seeks to limit vehicle registration fees to $30 and impose new restrictions on taxes.