The plan aims to address a budget deficit of nearly $32 billion without depleting the state’s savings account. California Governor Gavin Newsom and Democratic legislators have reached an agreement on a budget deal to allocate $310.8 billion for the upcoming year California, which heavily relies on tax revenues from the wealthy, experienced slowed revenue growth…
The nonpartisan agency’s latest 30-year outlook reveals a projected record-high public debt of 181% of American economic activity by 2053, compared to an estimated 98% by the end of the current budget year. The CBO has released a concerning report on the US government’s financial situation, indicating continuously rising deficits, increased government spending, and a…
The rent control proposal was killed despite the absence of Muslim council members of Minneapolis due to the Eid al-Adha holiday. Minneapolis City Council Killed Rent Control That Will Prevent Housing Building Despite the Absence of Three Muslim Council Members The Minneapolis City Council killed the proposal of rent control despite the absence of three…
Lawmakers will work on passing the universal free meals following the decreasing school meal participation due to school meal charges. Lawmakers Working to Expand Universal Free Meals Amidst the Decreasing School Meal Participation Due to the decreasing school meal participation, lawmakers in different states are working to pass legislation that will expand the universal free…
The businesses have demanded that city officials address the issue of homeless encampments in their neighborhoods or face potential legal consequences. A group of seven businesses in downtown San Diego has taken legal action against the city, seeking $2.5 million in damages due to the worsening homeless crisis Representing the businesses, Attorney Craig L. Combs…
According to the report, only companies involved in vital defense contracts or possessing high-level security clearance should have been eligible for such loans. A recent congressional report has shed light on a dubious $700 million COVID loan granted by the Treasury Department to a struggling trucking company using funds allocated by the bipartisan CARES Act…
Illinois Governor JB Pritzker and Housing Development Authority (IHDA) Board Members announced the conditional awards worth $26 million in federal Low-Income Housing Tax Credits (LIHTC) that funds 18 housing developments in 12 counties all over Illinois State. Illinois Governor said Illinois residents deserve access to affordable housing According to Illinois Governor, his administration is…
Governor Michelle Lujan Grisham and the Legislature approved the 2023 tax rebates for taxpayers of New Mexico state, as well as economic relief to New Mexico residents who are not mandated to file their taxes. Nearly 1 million New Mexico taxpayers to receive tax rebates, relief payments New Mexico is in a financial position…
In the new property tax rebates plan of New Jersey, homeowners who are 65 and above who make $500,000 or less will be eligible to receive up to $6,500 in property tax relief. New Jersey Governor and Lawmakers announced the property tax rebates plan New Jersey Governor and Lawmakers announced a deal last Wednesday…
The court ruling is expected to dismiss current and future lawsuits against ERCOT Texas, the state’s power grid operator. Last Friday, the Texas Supreme Court ruled the non-profit ERCOT Texas qualifies as a state entity and is protected from lawsuits Many people didn’t know what ERCOT Texas was until the 2021 winter storm disaster….