In the wake of rapid population growth and soaring property values across various regions of the United States, property tax bills have climbed considerably, igniting unrest among taxpayers. The consequences of this trend not only threaten individual households but also risk destabilizing the foundational structures of public finance. As Jared Walczak of the Tax Foundation
Politics
The impending federal elections this Tuesday are set to play a pivotal role in shaping various key Congressional committees, which will significantly influence tax policy and surface transportation initiatives in the coming years. With a total of 34 Senate seats up for grabs, and a mere four additional seats needed for Democrats to reclaim a
The municipal bond market, comprising an impressive $4 trillion, has long operated within a framework of self-regulation that, according to some investors and market experts, lacks sufficient transparency and rigor. Recent articles by David Dubrow and Kent Hiteshew spark a contentious debate about the need for federal intervention, specifically through the Securities and Exchange Commission
Natural disasters, particularly hurricanes, pose a grave financial concern for regions that are repeatedly affected. The recent assessment of Hurricane Milton’s damage reveals that Florida is bracing for a significant economic impact — one that exceeds the previous estimates associated with Hurricane Helene. With this context in mind, it is crucial to understand the broader
The recent announcement by the Department of Transportation (DOT) regarding a significant $2.4 billion allocation for 122 rail projects across 41 states and the District of Columbia highlights a crucial commitment to improving America’s rail infrastructure. This funding comes as part of the Bipartisan Infrastructure Law and aims to create jobs, lower consumer costs, and
As the upcoming election approaches, voters across the United States will face a pivotal decision involving over 300 transportation-related measures on ballots at both state and local levels, collectively valued at more than $70 billion. This unprecedented array of funding propositions offers a unique opportunity for citizens to influence the future of their transportation infrastructure,
In the world of public administration, transparency and accountability are cornerstones of effective governance. However, recent events surrounding Oklahoma Treasurer Todd Russ and his office seem to challenge these principles. The treasurer, along with his chief of staff, Jordan Harvey, faces a lawsuit filed by FOIA Professional Services, LLC, an organization dedicated to managing public
Recent developments in New York City’s financial governance signal a transformative approach to investment strategies, particularly concerning climate risks. In a bold stance against fossil fuel investments, City Comptroller Brad Lander has championed an initiative that excludes fossil fuel infrastructure from city pension funds. This decision aligns the city with a growing global movement recognizing
The Chicago City Council’s recent decision to approve a plan for refinancing $1.5 billion in city debt marks a significant step in the municipal government’s financial strategy. Following a postponed action on October 9, the council’s 35-12 vote reflects a continued effort to manage the city’s fiscal liabilities. As Chicago aims to reduce its average
The Municipal Securities Rulemaking Board (MSRB) is embarking on a critical phase of regulatory enhancements and stakeholder engagement, as indicated by discussions from its recent quarterly board meeting held on October 23-24. This meeting marked a pivotal moment under the new leadership of Chair Warren “Bo” Daniels, who is positioned to guide the board through