Big City Finance Officials See Recession on the Horizon
That’s one of the notable findings in a new survey of over 500 city finance officers.
California Local Governments Gain a Pathway to Establish Public Banks
Cities and counties would be able to create up to 10 public banks where governments could deposit money under a bill the state's governor signed into law this week.
Legal Challenge Over $14 Billion in State Debt Is Sidelined For Now
A judge has blocked the Illinois case from proceeding, but the think tank CEO who brought it says he plans to appeal.
City Voters Reject Plan to Cap Spending and Divert Savings Toward Pensions
The ballot initiative in Phoenix is on track to fail by a wide margin.
Voters in One City to Decide On an Unusual Pension Funding Proposal
A pending ballot proposition in Phoenix calls for imposing strict limits on city spending until funding for the city’s retirement programs reaches a certain threshold.
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.
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.
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.
Years Later, the Recession’s Sting is Still Tough to Shake for Many States
New research takes a look at the lingering mark the downturn left on state budgets.
Congress Must Give States The Tools To Rebuild America’s Infrastructure
COMMENTARY | The federal government hurt state and local governments’ ability to invest in our failing infrastructure last year; now they have a chance to correct that mistake.
Poll: Despite Struggles, Rural Americans Feel Connected to Communities
Civic engagement is high among rural residents, which may offset negative feelings about financial insecurity and access to health care.
Legislation Would Restore the Tax Break for Bonds Used to Refinance State and Local Debt
U.S. House lawmakers reintroduced a bill dealing with the issue this week.
Pensions Have Shifted To Riskier Investments, Ratings Agency Finds
But the new report says that this trend isn’t necessarily producing stronger returns.
Nine States Where Tax Revenues Have Been Slow to Recover Since the Great Recession
Budgets remain off in some states nearly a decade after the downturn ended, a new analysis shows.
Latest Opportunity Zones Guidelines Offer More Clarity For Business Investments
"This reg removes a lot of the most obvious impediments that have kept capital on the sidelines,” says one expert.
A Silicon Valley Approach To Financing Affordable Housing
COMMENTARY | Both innovative and on brand: San Francisco is using an accelerator to get money to affordable housing developers
Not Out of the Woods Yet—State Borrows $100 Million As it Looks to Solve Forest Controversy
The story of Oregon's Elliott State Forest is one of logging, litigation, old trees, imperiled animals, and school funding.
Americans Are Going Bankrupt From Getting Sick
Doctors’ bills play a role in 60 percent of personal-bankruptcy filings.
Give Up Some Green to Go Green? Bond Investors May Be Reluctant
New research finds the pricing of tax-exempt municipal “green bonds” is nearly identical to similar non-green securities.
Considering a State Bank for Local Governments
Proponents say it could help with infrastructure financing, particularly for smaller jurisdictions. Bankers are skeptical.
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