The United States is experiencing a significant housing crisis accentuated by rising prices, stagnant wages, and increasing demand for affordable housing. As the nation grapples with these daunting challenges, the spotlight is firmly on government policies and initiatives that could drive substantial change. The Trump administration has begun outlining its strategies, focusing on the issuance
Politics
The landscape of public finance is facing unprecedented scrutiny as the House Ways and Means Committee ponders sweeping changes that may include the elimination of tax-exempt bonds. Recently acquired documents from The Bond Buyer detailing the committee’s wish list for an upcoming reconciliation bill have sent shockwaves through the municipal bond market. This report not
In the face of significant economic challenges and political scrutiny, New York City Mayor Eric Adams has unveiled a $114.5 billion budget for the upcoming fiscal year, beginning July 1. This budget stands out not only for its substantial size but also for its strategic reallocation of resources to bolster social services amid changing demographics
The House Ways and Means Committee has initiated a critical discussion that will shape the fiscal landscape during the 119th Congress, with the spotlight firmly on the Tax Cuts and Jobs Act (TCJA). Substantial economic implications arise from the debate, particularly concerning the delicate balance between national debt and economic growth. Stakeholders, especially those within
In Arizona, the town council of Gilbert is facing legal scrutiny over tax increments designed to support significant infrastructure enhancements. The Goldwater Institute has filed a lawsuit claiming that these tax increases violate the Arizona Constitution. The suit, initiated in late October within Maricopa County Superior Court, reflects a broader concern regarding local government practices
In the intricate world of U.S. tax policy, few issues have proven as polarizing as the state and local tax (SALT) deduction cap. This contentious topic has resurfaced with renewed vigor, particularly following the introduction of a new bill by New York Republican Representative Mike Lawler aimed at significantly increasing the SALT deduction cap. Originally
As the U.S. Department of Transportation (DOT) prepares to navigate an evolving landscape, it is making significant strides toward modernizing the nation’s infrastructure. With billions allocated through federal grants, Secretary Pete Buttigieg announced a renewed commitment to enhancing the transportation system just as the Biden-Harris administration draws closer to its conclusion. This transitional phase is
The recent announcement by the U.S. Department of Transportation (DOT) signals a significant commitment to modernize airport facilities across the nation. More than $332 million in federal grants will be distributed to 171 airport projects in 32 states, funded through the Federal Aviation Administration (FAA) as part of the Bipartisan Infrastructure Law (BIL). Transportation Secretary
As California grapples with devastating wildfires impacting Los Angeles, Governor Gavin Newsom’s $322.2 billion budget proposal comes at a tumultuous time. Presented by state finance director Joe Stephenshaw, the budget arrives with a surprising slight surplus of $363 million, showing a stark contrast to the $45 billion deficit faced in the previous year. This reversal
In a state renowned for its fiscal responsibility and high credit ratings, Maryland now finds itself grappling with an alarming projected budget shortfall of $3 billion. This predicament arises due to a combination of slow economic growth, escalating Medicaid costs, and the cessation of various COVID-19 relief funds. As Governor Wes Moore prepares to navigate