#state-revenue

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#tax-policy #california-budget #budget-deficit #new-york-city #massachusetts #structural-deficit
#california-budget
California
fromLos Angeles Times
2 weeks ago

Newsom offers early peek at rosy budget projections

Projected $16.5 billion in revenue over three years improves California’s near-term fiscal outlook, but deficits remain projected for 2026-27 and 2027-28.
California
fromLos Angeles Times
2 weeks ago

Newsom offers early peek at rosy budget projections

Projected $16.5 billion in revenue over three years improves California’s near-term fiscal outlook, but deficits remain projected for 2026-27 and 2027-28.
more#california-budget
#new-york-city
fromwww.amny.com
1 month ago
Brooklyn

Mamdani, Menin delay NYC budget deadline as they seek more funding from Albany, but Hochul nixes key tax credit tweak | amNewYork

Mayor Mamdani and Speaker Menin agree to delay NYC budget deadline, seeking more state revenue amid budget gap concerns.
NYC politics
fromwww.amny.com
2 months ago

Op-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork

New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.
fromwww.amny.com
1 month ago
Brooklyn

Mamdani, Menin delay NYC budget deadline as they seek more funding from Albany, but Hochul nixes key tax credit tweak | amNewYork

NYC politics
fromwww.amny.com
2 months ago

Op-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork

New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.
more#new-york-city
fromBoston.com
2 months ago

'More money in my pocket is a no-brainer': Readers weigh in on proposed income tax cut

A recent analysis from Tufts University's Center for State Policy Analysis estimates it would reduce state tax revenue by roughly $5.1 billion per year - about a 10% overall decline - while saving the median Massachusetts household around $1,250 annually.
Boston
Boston
fromBoston.com
2 months ago

Would a Massachusetts income tax cut actually help you? Here's what to know.

A proposed ballot measure would reduce Massachusetts income tax from 5% to 4%, saving the median household $1,250 annually but costing the state approximately $5.1 billion in revenue.
SF politics
fromLos Angeles Times
2 months ago

Eliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts

California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
NYC politics
fromwww.bloomberg.com
2 months ago

Mamdani Wants New York Estate Tax Threshold Cut 90% to $750,000

New York City Mayor Zohran Mamdani proposes slashing the state estate tax exemption from $7 million to $750,000 and raising the top rate from 16% to 50% to address a $5.4 billion city budget deficit.
US politics
fromFortune
7 months ago

Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts | Fortune

Massachusetts' 4% surtax on incomes above $1 million produced a $5.7 billion windfall, exceeding projections without prompting widespread wealthy departures.
Cannabis
fromwww.mercurynews.com
11 months ago

Minnesota's cannabis tax will be one of the highest in the nation

Minnesota has increased its recreational marijuana tax by 50%, preparing the legal market while aiming to address budget deficits.
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