State governments emerging from the pandemic built historic cash surpluses as inflation drove up income and sales tax collections. Now the Federal Reserve's efforts to fight inflation are helping states earn even more.
in the next budget. California imposes higher taxes on the wealthy than most states, leading to pendulum-type swings in tax revenues as the stock market rises and falls.
rate seven times this past year, making many loans more expensive in an attempt to slow spending and fight inflation. an additional $1 billion in tax cuts and $2.6 billion in spending on education, economic development, public safety, behavioral health and the environment.Citing a large surplus, Missouri Gov. Mike Parsonto pass what he described as “the largest tax cut in the state’s history.” The first rung of the eventual $760 million income tax cut takes effect in January.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Price Forecast: XAU/USD stays firmer on easing hawkish Federal Reserve bets, optimism surrounding ChinaGold Price Forecast: XAU/USD stays firmer on easing hawkish Federal Reserve bets, optimism surrounding China – by anilpanchal7 Gold SEO Coronavirus China Fed
Les mer »
Bucknell to require COVID-19 masks only when mandated by state, federal governmentsMasks had been required when the CDC's transmission rate for Union County was high.
Les mer »
Balanced Utah State tops Washington State 82-73 in HawaiiSteven Ashworth was perfect from long distance, making three of Utah State’s 11 3-pointers, and scored 12 points in a balanced attack that led the Aggies to an 82-73 win over Washington State in the third-place game of the Diamond Head Classic
Les mer »
Florida Condo Owners Brace for New Inspection, Reserve RequirementsBetween insurance premiums rising and increased oversight in Florida, condo residents are getting squeezed
Les mer »
India federal police arrests Videocon chairman Dhoot in loan fraud caseIndia's federal investigating agency has arrested Videocon Group chairman Venugopal Dhoot in connection with a loan fraud case involving ICICI Bank , a source from the Central Bureau of Investigation (CBI) told Reuters on Monday.
Les mer »