The town of Gilbert, Arizona, finds itself at the center of a contentious legal battle after the Goldwater Institute filed a lawsuit accusing the town council of violating the Arizona Constitution. The lawsuit was lodged in Maricopa County Superior Court after Gilbert’s council approved tax increases aimed at funding critical infrastructure projects. This increase, effective
Politics
The ongoing debates in Washington regarding the state and local tax (SALT) deduction reflect a significant challenge for lawmakers, particularly those from high-tax states. The recent initiative by New York Republican Representative Mike Lawler to raise the SALT deduction cap from $10,000 to an ambitious $100,000 for individuals and $200,000 for married couples filing jointly
In the wake of unprecedented transformations within the U.S. transportation landscape, the Department of Transportation (DOT) is embarking on a mission to redefine infrastructure through a significant allocation of federal grants. As the Biden-Harris Administration approaches its conclusion, it has made clear its commitment to advancing national infrastructure projects, even as leadership is set to
The recent allocation of over $332 million by the U.S. Department of Transportation for airport modernization projects marks a significant shift towards upgrading America’s air travel infrastructure. Through the Federal Aviation Administration (FAA) and funded by the Bipartisan Infrastructure Law (BIL), this initiative aims to rejuvenate 171 airports across 32 states, reflecting a commitment to
The intersection of natural disaster and fiscal oversight has thrust California’s budgetary considerations into sharp focus, particularly during the current wildfire crisis affecting Los Angeles. As Governor Gavin Newsom’s administration grapples with both the human and economic toll wrought by these fires, a soon-to-be-finalized state budget looms large on the horizon. The recent announcement from
Maryland, known for its AAA credit rating, finds itself caught in the grip of a $3 billion budget shortfall. This fiscal crisis has drawn attention to underlying economic factors such as sluggish growth, inflation in Medicaid costs, and the expiration of pandemic assistance. The current administration, led by Democratic Governor Wes Moore, is adamant about
The ongoing landscape of American banking is witnessing a significant shift, particularly in the context of Texas’s regulatory framework and its Attorney General’s bold stance against environmental initiatives. In recent statements, Texas Attorney General Ken Paxton has lauded moves by prominent financial institutions such as Bank of America, JPMorgan Chase, and Morgan Stanley to withdraw
In a recent presentation, California Governor Gavin Newsom projected a balanced budget that emphasizes fiscal prudence amid uncertainties borne from the changing political landscape. With a proposed total of $322.2 billion, which includes a $228.9 billion general fund and reserves of $16.9 billion, the forecast showcases a $16.5 billion increase in revenue, signifying a robust
On a momentous Sunday, the New York Metropolitan Transportation Authority (MTA) officially rolled out its congestion pricing initiative, marking an unprecedented shift in urban transportation policies in the United States. This initiative, which imposes tolls on vehicles entering lower Manhattan, was not merely a spur-of-the-moment decision. Instead, it stands as a culmination of a decade-long
As the clock ticks down to midnight on Wednesday, the U.S. faces a critical juncture regarding its borrowing cap, which raises significant concerns about political disputes that could lead to market instability. The ramifications of a prolonged deadlock over this borrowing limit could threaten not only the stability of municipal bond markets but also jeopardize