#state-economy

#state-economy

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.

When routes are well organized, there are clear directional signs, and speed limits become reasonable. The early installation of warning signs allows transport companies to plan deliveries more accurately and avoid delays. For businesses, time is money. When a truck carrying goods does not spend hours detouring due to an unclear traffic scheme or stuck in traffic where it could have been avoided thanks to competent traffic management, fuel costs, driver wages, and vehicle maintenance costs are reduced.

Albany's leaders will hash out these and hundreds of other policies in the next three weeks, as they craft the state budget and decide how to spend $260 billion - and then some, if the legislature gets its way.

Starting this summer, most college programs will have to show that their students earn more than someone with only a high school diploma to avoid being cut off from federal funding, as part of a new accountability measure. Congress created the earnings test known as Do No Harm when it passed the One Big Beautiful Bill Act last summer. The Education Department is still working to finalize the regulations that outline how it will work.

Sectors that showed notable job gains in December include food services and drinking places (+27,000 jobs), health care (+34,000 jobs) and social assistance (+17,000 jobs). On the other end of the spectrum, the retail trade sector lost 25,000 jobs in December. Residential building construction lost 4,200 jobs in December, although employment for residential specialty trade contractors rose by 1,100 jobs. The real estate sector also posted a small increase, adding 2,300 jobs in December.

It's an indicator of economic health and the direction of the state,

The warning comes from the National Institute of Economic and Social Research (NIESR), which said a zero net migration policy would shrink the economy by 3.6 per cent by 2040 and reduce the workforce by around 2.5 million people compared with current forecasts. The result, it argues, would be a £37bn deterioration in the public finances unless offset by higher taxes or cuts to public spending.

On Wednesday, the government reported that U.S. employers added a surprisingly strong 130,000 jobs in January and the unemployment rate fell to a still-low 4.3% from 4.4%. However, government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. That reduced the number of jobs created last year to just 181,000, a third of the previously reported 584,000 and the weakest since the pandemic year of 2020.

If you live in Illinois, you pay a greater percentage of your income in taxes than almost anyone of any income stratus anywhere in the country. That's not right,

If you live in Illinois, you pay a greater percentage of your income in taxes than almost anyone of any income stratus anywhere in the country. That's not right,

The proposed Billionaire Tax Act, imposing a one-time 5% tax on the total wealth of Californians whose net worth is $1 billion or more, needs reconsideration. Certainly, anyone with $1 billion (or more) has more than enough to live very comfortably, but there is an approach that would be less onerous to the billionaires and more helpful to the state. A one-time 5% tax would bring in a windfall for the state - once.

Although De Noire is based in Europe, she believes that economic upheaval in the United States "triggers huge uncertainty" across the pond because of America's global influence. De Noire first noticed a decline in business right after Donald Trump was elected in November 2024, as Americans and the rest of the world anticipated upheaval. "I didn't even bother working South by Southwest because the first Friday night I attempted to work, I walked into a completely empty club and didn't make any money at all,"