The 2017 Tax Cuts and Jobs Act (TCJA) has sparked ongoing discussions regarding its short- and long-term economic impacts. As the incoming Senate Banking Committee Ranking Member, Senator Elizabeth Warren has made it clear that she views the TCJA as a significant misstep for American fiscal policy. During a recent subcommittee hearing, Warren described the
Politics
The interactions between the Pinellas County Commission and Major League Baseball’s Tampa Bay Rays have reached a critical juncture, marked by rising frustrations and an uncertain future. As the Rays push for a new financing deal, the county commission’s hesitation to approve $312 million in bonds for a proposed stadium raises serious questions about the
Donald Trump’s announcement of Sean Duffy as his nominee for the U.S. Department of Transportation (DOT) has raised expectations and concerns in equal measure. Duffy, known for his previous congressional service and current role as a Fox News host, comes into a department critical to the nation’s infrastructure. This article dissects the implications of Duffy’s
As the Biden administration commemorates the third anniversary of the Infrastructure Investment and Jobs Act (IIJA), it marks a crucial point in the trajectory of American infrastructure development. The administration has recently announced a considerable allocation of $3.4 billion in new grant funding, which serves as a testament to its commitment to utilizing federal resources
The recent response by the Chicago City Council to Mayor Brandon Johnson’s proposed fiscal budget for 2025 reflects the complexities and challenges that local governments face in managing finances amid political tensions. Rejecting a proposed $300 million property tax increase aimed at addressing a staggering budget deficit of approximately $982 million, the Council demonstrated a
The voter-approved Proposition U, aimed at enhancing public safety funding in Dallas, has manifested a ripple effect, leading to a revision of the city’s credit outlook from stable to negative by Moody’s Ratings. This significant shift underscores the growing complexities in the financial management of municipal budgets, particularly as it pertains to large-scale pension obligations
Oklahoma County is in the midst of a challenging phase as it seeks innovative solutions for replacing its aging jail facility. With mounting costs and a delay in site acquisition complicating the process, the county is now exploring public-private partnerships (P3) to secure the necessary funding. This move highlights both the urgency of addressing the
Chicago’s financial landscape is at a pivotal juncture, marked by the recent decision of Kroll Bond Rating Agency (KBRA) to place the city’s general obligation bond rating on a “Watch Downgrade.” This development comes as the City Council gears up to vote on a controversial $300 million property tax increase proposed by Mayor Brandon Johnson
The ambitious initiative of congestion pricing in New York City finds itself at a precarious juncture, as political dynamics shift with significant implications for the city’s transportation infrastructure. With the impending election of Donald Trump as President, voices like New York City Comptroller Brad Lander have expressed grave concerns. The looming threat of the program’s
The relationship between the budget allocation for the Internal Revenue Service (IRS) and its auditing functions is a complex one that carries significant implications for municipal bond issuers. As the new administration settles in, existing legislative disputes concerning the IRS budget may directly influence how frequently audits are conducted on municipal bonds. Experts in the