May 24, 2013
Cities raising fees instead of taxes
Some municipalities along South Carolina's Grand Strand have begun to look at fee increases as a way to bolster revenue while keeping residents' property tax rates steady.
May 23, 2013
‘Tax Free New York’ offers 10 years of zero sales, property & business taxes
New businesses would operate completely tax free for 10 years, including no income tax for employees, as well as no sales, property or business taxes.
May 23, 2013
Audit of Seattle schools finds trouble with federal grant spending
May 23–Seattle Public Schools may have to repay as much as $490,000 to the federal government because state auditors say the district did not spend some of its federal grant money appropriately in the 2011-12 school year. The auditors, in one of their regular audits of the school district, questioned how the district spent funds...…
May 20, 2013
New Minnesota tax law would increase revenue by $2.1 billion
The Minnesota House has passed a tax bill that could raise revenue $2.1 billion by boosting taxes on high-wage earners, smokers and corporations.
May 17, 2013
Massachusetts reports employment downturn in April
Higher payroll taxes and federal sequestration spending cuts are keeping the Bay State stuck in a "soft patch" of economic growth that could last until the end of the year unless federal fiscal policy changes are put into immediate action, experts said yesterday, as new numbers show the state losing jobs.
May 14, 2013
Bipartisan tax overhaul proposal being reviewed in Maine
Lawmakers on Friday were presented with a dramatic tax reform proposal co-sponsored by bipartisan group of legislators.
May 14, 2013
Missouri lawmakers send income tax cut proposal to governor
Whether Missouri individuals and businesses get the first state income tax cut in 90 years is up to Gov. Jay Nixon.
May 13, 2013
Washington reports state sales taxes return to pre-recession levels
Taxes collected from all retail sales grew by 5 percent in Washington state last year, the biggest jump from one year to the next since the recession began in 2008.
May 13, 2013
North Carolina gets closer to repealing estate tax
North Carolina's "death tax" has one foot in the grave after a Wilson lawmaker's bill passed the state House on Wednesday.
May 9, 2013
State to spend $15 million for cybersecurity
South Carolina needs to spend nearly $15 million next year to bolster cybersecurity in the wake of the largest hacking at a U.S. state agency, a consultant told state leaders Wednesday.
May 8, 2013
Virginia governor candidate proposes $1.4 B in tax cuts
Under Cuccinelli's proposal, the income tax rate would drop from 5.75 percent to 5 percent over four years starting in 2014, and the corporate income tax rate would drop from 6 percent to 4 percent.
May 7, 2013
Healthcare law spurs state college to offer more faculty insurance coverage
The oldest public, state-run university in Oklahoma has made a determination on how to respond to the work-hour requirements of the Affordable Care Act, aka ObamaCare.