Michael Lissack’s provocative assertions about the future of municipal bonds have stirred an intense debate among financial policymakers and advocates. In his book, *The Inefficiency Of Municipal Tax Exemption*, he suggests a daring overhaul: removing the long-standing tax-exempt status of municipal bonds to tackle budget deficits. This proposal isn’t merely a financial maneuver; it questions
Politics
The political landscape in Oklahoma has become explosively contentious with the escalating feud between State Treasurer Todd Russ and Attorney General Gentner Drummond. This conflict, which has apparent ramifications for governance and constitutional boundaries, emerged from their diverging approaches to an anti-environmental, social, and governance (ESG) law. The situation has spiraled into a strikingly public
As we navigate the changing landscape of transportation funding in the United States, it’s becoming increasingly evident that the gas tax, once a robust source of revenue, is faltering. This is primarily due to the growing popularity of electric and fuel-efficient vehicles, which pay little to no gas tax but still utilize our overburdened infrastructure.
The ambitious $7 billion revamp of New York’s Pennsylvania Station has witnessed a significant shake-up as the Trump administration takes control of the project. With the Metropolitan Transportation Authority (MTA) being sidelined, the transition of power to Amtrak marks a pivotal moment in the endeavor to enhance one of the busiest transport hubs in the
In the chaotic landscape of global trade, the seemingly benign announcement of a “90-day pause” in tariff escalations hides a more alarming truth: these high tariffs are likely to endure. With figures reaching a staggering 145% on select imports, especially steel, aluminum, and automobiles, it’s clear that we are embroiled in an unavoidable trade war
Ohio’s legislative landscape was shaken recently with the announced passage of a budget that caps school districts’ carryover balances at 30% of their annual operating costs. At first glance, this provision might appear to be a well-intentioned move toward fiscal responsibility in a state notorious for high property taxes. However, a critical examination reveals that
The recent financial agreement announced by Houston Mayor John Whitmire in response to a significant lawsuit has sent ripples through the city’s budget landscape. Dating back to 2019, this litigation forced the city to confront its deep-seated issues surrounding inadequate drainage and crumbling roadways. The implication is dire: a potential budget deficit that could balloon
In the face of calamities that wreak havoc on states, one would expect swift support from federal agencies like FEMA (Federal Emergency Management Agency). Unfortunately, recent events in Washington and North Carolina reveal a dark underbelly to disaster recovery funding that raises serious questions about FEMA’s accountability. The appalling denial of recovery requests from officials
In a move that has stirred significant controversy, California Governor Gavin Newsom recently signed a budget bill allocating $2.8 billion to cover unanticipated Medi-Cal costs. This decision raises not only questions about fiscal responsibility but also the ethical implications of providing healthcare to undocumented immigrants in a time of perpetual budget strain. With the state’s
The current political landscape in the United States has turned into a battleground, where the foundation of educational funding is being threatened by decisions made at the federal level. The recent lawsuit filed by California, New York, and 14 other states against the Trump administration underscores a critical moment in the education sector. This legal