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Budgets

Dechert LLP

Labour Budget 2024: Reforms to the Taxation of Carried Interest

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The Chancellor of the Exchequer, Rachel Reeves MP, presented her first Budget to Parliament on 30 October 2024. In it, she announced both tax rate increases and also proposals which would fundamentally change the tax...more

BCLP

Autumn Budget 2024 - Key Employment Highlights

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The Chancellor of the Exchequer, Rachel Reeves, has published her Autumn 2024 budget with the aim of “fixing the foundations of the economy and delivering change by protecting working people.” We set out a very brief summary...more

BCLP

Autumn Budget 2024 - What’s the Tax Impact on the Real Estate Sector?

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The real estate sector was not ignored by Budget announcements today. There were no seismic changes – the changes announced were less impactful than the speculation in the weeks preceding the Budget....more

Verrill

Frequently Asked Questions (and Answers) Concerning Maine’s Paid FMLA Law

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As we enter the fourth quarter and await the reveal of the state’s third iteration of revisions to the proposed rules governing the state’s Paid FMLA statute, what are some things all Maine employers (and employers outside of...more

Baker Donelson

Understanding Disaster Appropriations

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The ever-increasing cost of disasters and Congress' reliance on 11th-hour continuing resolutions (CRs) often result in a storm of questions regarding disaster appropriations. This disaster recovery brief explains some of the...more

Mandelbaum Barrett PC

HMO Assessment Rate Increased: What You Need to Know

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Effective June 28, 2024, a significant change has been enacted through L. 2024, A4705 (c. 21), which increases the annual assessment rate for Health Maintenance Organizations (HMOs). This new legislation raises the HMO...more

Epiq

How Legal Operations Can Get Ahead of the Budget Process

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Is it budgeting season already? Legal Operations are often asked to own the legal department’s budgeting efforts, and many find the process painful. Finance may provide a template to fill out, but it can be difficult to...more

Akin Gump Strauss Hauer & Feld LLP

Akin Space Law, Regulation and Policy Update - August 2024

Good Afternoon! This is Akin’s biweekly policy newsletter on space policy and regulatory developments, providing information on major space headlines and forthcoming space-related events and hearings...more

Goulston & Storrs PC

D.C. FY25 Budget Expands CRE Revitalization Initiatives

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The end of June saw the D.C. Council pass the Fiscal Year 2025 Budget Support Act of 2024 and the Fiscal Year 2025 Local Budget Act of 2024. The 2025 budget includes the “Central Washington Activation Conversion Program...more

Davidoff Hutcher & Citron LLP

New York City Mayor & Speaker Announce $112.4 Billion Budget Deal

June 28, 2024 (City Hall, Manhattan) – Today’s ceremonial handshake between New York City Mayor Eric Adams and City Council Speaker Adrienne Adams signaled the safe landing of Adams and Adams United, despite prior turbulence....more

Holland & Knight LLP

FY 2025 Budget Support Act Funds New Tax Abatement in Central Washington, D.C.

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The Council of the District of Columbia held its second vote on the fiscal year (FY) 2025 Budget Support Act (BSA), which was unanimously approved on June 25, 2024. As part of the amended text, the Council funded the Central...more

Manatt, Phelps & Phillips, LLP

Designing a Medicaid Hospital Global Budget Under CMS’ AHEAD Model

In September 2023, the Centers for Medicare and Medicaid Services (CMS) announced the States Advancing All-Payer Health Equity Approaches and Development (AHEAD) Model, and this week CMS is expected to make a first set of...more

Jackson Lewis P.C.

Governor Signs Budget Bill Putting Health Care Minimum Wage on Pause

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On June 29, 2024, California’s Governor signed Senate Bill (SB) 159, a budget bill pertaining to healthcare. Within this budget bill were revisions to California’s health care worker minimum wage, further delaying the...more

Brownstein Hyatt Farber Schreck

House Fires First Shot on Defense Bill as Senate Loads Their Chamber

On June 14, the House voted 217-199 to pass its version of the fiscal year 2025 National Defense Authorization Act (NDAA) (H.R. 8070), and the Senate Armed Services Committee voted 22-3 to advance their chamber’s version of...more

Mayer Brown Free Writings + Perspectives

Chair Gensler Testimony Before House Subcommittee

Chair Gensler recently testified before the Subcommittee on Financial Services and General Government in connection with the Securities and Exchange Commission budget request.  In his testimony, the Chair included a number of...more

Adams and Reese LLP

New 2024 Florida Legislation Impacting Community Associations

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Florida has introduced new legislation and implemented changes to various regulations impacting community associations, many of which have either gone into effect or will go into effect beginning July 1, 2024. This...more

Cozen O'Connor

Broad Street Brief: City Council to Investigate UArts Closure

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City Council Approves FY25 Budget- Early Thursday morning, Philadelphia City Council advanced Mayor Cherelle Parker’s proposed $6.37 billion FY25 Budget. The budget prioritizes public safety and quality-of-life improvement...more

Bergeson & Campbell, P.C.

House and Senate Hold Hearings on EPA’s FY 2025 Budget Request

On April 30, 2024, the House Appropriations Subcommittee for Interior, Environment, and Related Agencies held a hearing on the fiscal year (FY) 2025 budget request for the U.S. Environmental Protection Agency (EPA). The...more

Rivkin Radler LLP

New York Enacts Transfer-on-Death Deed Law

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On April 20, 2024, New York State adopted legislation that allows for so-called transfer-on-death (TOD) deeds as part of its Fiscal Year 2025 Executive Budget. The TOD Deed Law, which takes effect on July 19, 2024, will be...more

Pullman & Comley - School Law

Good News for Connecticut School Boards: Expanded Rights Regarding Unspent Budget Monies and Reserve Funds

The 2024 Regular Session of the Connecticut General Assembly just concluded on May 8, 2024. As we have consistently done every year, our firm will be publishing in these pages our annual summaries of legislation affecting...more

Ius Laboris

New Hong Kong budget: highlights for employment

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The 2024-25 Hong Kong Budget unveils a series of strategic policies and initiatives centred around revitalising the Hong Kong economy....more

Cozen O'Connor

Broad Street Brief: Voters Approve RCO Ballot Question

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Philadelphia’s political landscape has shifted to embrace law enforcement, with Mayor Cherelle Parker rejecting progressive drug policies, supporting low-level crime arrests, and unveiling a plan to combat the open-air drug...more

Cozen O'Connor

Cozen Cities – April 24, 2024

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DETROIT — Newlab Startups Ignite Detroit's Tech Renaissance- One year in, the members-only shared workspace, research lab, and venture platform in the former Book Depository building next to Michigan Central Station is...more

Harris Beach PLLC

Calling Out Affordable Housing Components of New York Budget Bill

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A number of affordable housing components of the New York State Budget Bill are worth calling out for developers, as the moves, along with the hundreds of millions of dollars coming from the state, should spur development. ...more

Stikeman Elliott LLP

2024 Federal Budget: Sales and Excise Tax Measures

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On April 16, 2024 (“Budget Day”), the federal government released its annual budget (“Budget 2024”), which includes certain sales and excise tax measures and also confirms the government’s intention to proceed with several...more

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