For some time, the MuniBlog has been following the change in federal tax law regarding a cap on State and Local Tax (SALT) deductions. While litigation regarding the cap is ongoing, the Internal Revenue Service (IRS) recently...more
Earlier today July 17, 2018 New York State was among four states to sue the federal government over State and Local Tax (SALT) deductions being capped at $10,000 as part of recent federal tax law changes. Joining New York in...more
There is evidence of a turn-around for municipalities recently struggling to stay afloat. We have posted on several occasions about the fiscal challenges facing municipalities nationwide, from Detroit and Chicago in 2015 and...more
As recently reported in The Washington Post and The New York Times, among other news outlets, the City of New York has sued the five (5) largest publicly traded oil companies for their contributions to climate change and the...more
$250 million is now available to assist local governments across New York in the repair or replacement of bridges and culverts. Municipalities authorized to receive and administer state and federal transportation funding are...more
The Office of the State Comptroller has issued its annual report on local governments from 2016. The report shows...more
As New York state lawmakers prepare to learn details, schools and municipalities face impacts of Governor Andrew Cuomo’s 2019 spending plan. The State Budget, totaling $168.2 billion in spending calls for $100 billion in...more
1/22/2018
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