Politics

In a significant move that underscores the tensions between local government branches, the Chicago City Council recently delivered a staunch denunciation of Mayor Brandon Johnson’s fiscal planning for 2025. The Council decisively dismissed a proposal for a $300 million increase in property taxes that Johnson argued was essential to address a staggering $982 million budget
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Oklahoma County is currently navigating significant hurdles in its initiative to replace a long-troubled jail facility. The necessity for a new structure has gained urgency, particularly as the county faces rising costs and challenges in pinpointing an appropriate location for construction. This predicament highlights the broader issues in public infrastructure funding, where economic pressures and
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Chicago is experiencing a critical juncture in its financial management as Kroll Bond Rating Agency (KBRA) has recently placed the city’s A general obligation bond rating on a Watch Downgrade status. This decision aligns with the City Council’s impending vote on a contentious $300 million property tax increase—an initiative embedded in Mayor Brandon Johnson’s proposed
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The landscape of municipal bond audits is experiencing significant changes, largely influenced by variations in the budget allocated to the Internal Revenue Service (IRS). As the new administration navigates its fiscal policies, the connection between IRS funding and audit frequency provides an insightful lens into the potential outcomes for municipal issuers. This article aims to
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On a significant electoral day for the Southeast region of the United States, three prominent bond referendums received strong support from voters in Nashville, Charlotte, and Fairfax County, while similar initiatives faced setbacks in Cary and Lancaster County. This electoral decision reflects a shifting landscape of priorities among residents, who seem eager to invest in
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The recent decision by the Oklahoma Turnpike Authority (OTA) to issue $1 billion in revenue bonds demonstrates the complexities and challenges facing infrastructure projects in the state. As the ACCESS Oklahoma expansion program’s projected budget climbs to an astonishing $8.2 billion, a multitude of factors have converged to complicate this ambitious initiative. When the ACCESS
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The dynamics surrounding the recent political elections in the United States have set off considerable ripples within the financial markets, particularly in the realm of municipal bonds. As the specter of former President Donald Trump’s potential return to the White House looms, the analyses of Congressional control seem to wield significant implications for municipal investors.
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In recent years, fluctuations in property values and demographic shifts across various U.S. regions have ignited discussions surrounding the effectiveness and fairness of property taxation. As property taxes surge in response to soaring real estate prices, taxpayers in many states are expressing dissatisfaction, leading to calls for fundamental reforms. This article delves into the complexities
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