Politics

Chicago finds itself embroiled in a significant fiscal crisis as the City Council recently rejected a key aspect of Mayor Brandon Johnson’s proposed budget for fiscal year 2025. The Mayor’s plan included a controversial $300 million property tax increase, intended to address a staggering budget shortfall of $982 million. The decision to vote down this

In a recent electoral decision, Dallas voters approved a controversial public safety spending measure known as Proposition U, a move that has prompted Moody’s Ratings to reassess the city’s financial outlook from stable to negative. While the proposition seeks to enhance public safety funding through a mandate to allocate at least 50% of annual revenue

Oklahoma County is facing a complex dilemma in upgrading its correctional facilities as it seeks to establish a more effective and humane system for managing its inmate population. With a burgeoning need for an expanded jail to meet the demands of a community of around 800,000 residents, the county is finding itself grappling with escalating

Chicago, known for its bustling economy and iconic architecture, now faces a critical juncture in its financial management. The recent announcement by Kroll Bond Rating Agency (KBRA) to place the city’s general obligation bond rating on a “Watch Downgrade” reflects growing apprehension about its fiscal stability. As the City Council prepares to deliberate a proposed

The ongoing debate over congestion pricing in New York City exemplifies the intersection of politics, public policy, and urban infrastructure financing. The recent remarks made by New York City Comptroller Brad Lander underscore a palpable concern about the future of this vital initiative, which aims to alleviate traffic congestion while generating essential revenue for the

The landscape of municipal bond audits is experiencing a shift as the new administration takes the reins, introducing variables that may alter the frequency and intensity of audits performed by the Internal Revenue Service (IRS). The budget allocated to the IRS is not just a line item in a fiscal report; it is a decisive

The outcomes of the recent bond referendums across the Southeast region of the United States offer a fascinating lens into the complexities of local governance, public sentiment, and infrastructural demands. While some cities have embraced significant proposals for funding improvements, others have decisively turned them down, indicating a nuanced perspective on fiscal responsibility and community

The Oklahoma Turnpike Authority’s (OTA) recent decision to authorize the issuance of $1 billion in revenue bonds marks a significant and contentious moment for the state’s infrastructure development plans. This decision is intended to finance the ACCESS Oklahoma expansion program, which has recently seen its projected costs balloon from an initial estimate of $5 billion

In the wake of an intensely contested election, the political dynamics in the United States are shifting dramatically. This scenario hinges not only on the prospects of former President Donald Trump potentially reclaiming the White House but also on the power balance in Congress, where Republicans have begun to establish a foothold in the Senate.

The dynamics of property taxes are becoming increasingly significant as rapid growth and demographic shifts are reshaping many areas across the United States. In numerous regions, rising property values are leading to substantial increases in property tax bills. This surge is generating considerable discontent among taxpayers and raising concerns over the sustainability of funding for