#tax-delegation

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#new-york-city
NYC politics
fromUnHerd
8 hours ago

Zohran Mamdani is pushing New York towards fiscal disaster

New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
NYC politics
fromwww.amny.com
1 week 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.
New York City
fromwww.amny.com
2 weeks ago

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.
US politics
fromwww.amny.com
1 month ago

Editorial | One promise Mayor Mamdani can afford to break | amNewYork

Raising taxes on the wealthy risks driving businesses and residents away; fiscal efficiency and service redesign should close New York City's budget gap.
NYC politics
fromUnHerd
8 hours ago

Zohran Mamdani is pushing New York towards fiscal disaster

New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
New York City
fromwww.amny.com
3 days ago

Op-ed | A responsible path forward for New York City's budget | amNewYork

New York City's budget process is a complex negotiation that impacts community investment and addresses fiscal challenges.
New York City
fromNew York Daily News
4 days ago

NYC Council budget plan averts Mamdani property tax hike, avoids tapping reserves

The City Council plans to close New York's budget gap without tax hikes or using reserves, proposing alternative funding sources instead.
NYC politics
fromwww.amny.com
1 week 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.
New York City
fromwww.amny.com
2 weeks ago

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.
Privacy professionals
fromIndependent
22 hours ago

Gearoid O'Sullivan: Would you be happy to have details of your tax affairs paraded in public?

New rules threaten taxpayer privacy by limiting the right to private hearings in the appeals process.
Retirement
fromIndependent
22 hours ago

State took 70m from estates of dead people after detecting overpayments

Welfare officials reclaimed nearly €70m from deceased individuals' estates due to overpayments.
Europe news
fromThe Local Germany
1 day ago

Five EU nations urge tax on energy firms' windfall profits

Spain and four EU nations propose a windfall tax on energy companies to alleviate consumer burdens from rising fuel prices due to the Middle East conflict.
UK politics
fromBusiness Matters
1 day ago

Labour's tax uncertainty is pushing Britain's wealthiest towards the exit

Britain's ultra-wealthy are considering leaving due to unstable fiscal policies rather than high tax rates.
East Bay (California)
fromThe Oaklandside
3 days ago

Oakland made a big financial mistake failing to collect business taxes, audit finds

Oakland failed to collect owed business taxes, exacerbating financial crises and limiting revenue needed for essential services.
#san-francisco
SF politics
from48 hills
4 days ago

SF budget picture improves as mayor tries to cut the tax that is part of the recovery - 48 hills

San Francisco's financial outlook is improving, driven by increased tax revenues, particularly from high-end real estate transactions.
San Francisco
fromMission Local
5 days ago

S.F. on track to shrink deficit by $300M, city controller says

San Francisco's projected budget deficit has decreased from $936 million to $643 million, but significant cuts and challenges remain ahead.
SF politics
from48 hills
4 days ago

SF budget picture improves as mayor tries to cut the tax that is part of the recovery - 48 hills

San Francisco's financial outlook is improving, driven by increased tax revenues, particularly from high-end real estate transactions.
San Francisco
fromMission Local
5 days ago

S.F. on track to shrink deficit by $300M, city controller says

San Francisco's projected budget deficit has decreased from $936 million to $643 million, but significant cuts and challenges remain ahead.
NYC real estate
fromtherealdeal.com
2 days ago

The Daily Dirt: One man's quest for a STAR rebate

The STAR property tax rebate application was denied due to an income error, which took months to resolve despite a quick fix being possible.
Law
from24/7 Wall St.
2 days ago

Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Prioritize IRS debt over other debts due to its unique enforcement powers and penalties.
#new-york-city-council
US politics
fromThe Lever
4 days ago

The Quiet Fortune Of NYC's Top Anti-Tax Democrat

A New York City Council speaker opposes tax increases while concealing her family's multimillion-dollar wealth through disclosure loopholes.
New York City
fromNBC New York
3 days ago

City Council adds free transit proposal to its preliminary budget response

City Council proposes an alternative budget to address a $6 billion shortfall without raising taxes or cutting essential services.
NYC parents
fromNew York Post
3 days ago

Hochul in talks to make fat pork union deal that could lower retirement age for teachers to 55 - at staggering cost to taxpayers

Gov. Kathy Hochul is considering a $1.5 billion deal to lower retirement age for public workers from 62 to 55, impacting taxpayers significantly.
Boston
fromBoston.com
4 days ago

Boston faces budget deficit of nearly $50 million

Boston faces a $48.4 million budget deficit due to external cost pressures, prompting spending freezes and hiring delays.
LA real estate
fromwww.housingwire.com
3 days ago

What Washington state agents are seeing with new 'millionaires tax'

High-net-worth clients are adapting to new tax implications, with some accelerating plans to relocate due to financial considerations.
fromwww.dw.com
3 days ago

Wealth tax: Why are countries afraid to tax the ultrarich?

One way is to increase income taxes. There's also the option for an annual or one-off wealth tax on everything someone has above a certain mark. A few governments want to tax extreme wealth to lower taxes on a stagnating middle class or to make up for social inequality.
US Elections
from24/7 Wall St.
4 days ago

The US Government Could End The Federal Gas Tax

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.
Alternative transportation
Canada news
fromThe Walrus
5 days ago

Why Does Ottawa Keep Funding Fake Canadian Companies? | The Walrus

The Canadian Food Inspection Agency fines stores for misleadingly labeling imported products as 'Canadian' to protect consumer trust.
fromCalifornia Post
5 days ago

Lefty SF Supervisor had been absent for several weeks before her leave of absence was made public

"She wants to regain stable health so she can thoughtfully and responsibly consider her options," her office told ABC7 Eyewitness News in a statement announcing her leave of absence and addressing the condition of her mental health.
Mission District
fromAllthingssmitty
6 days ago

You probably don't need to lift state - Matt Smith

Keep state as close as possible to where it's actually used. Lift it when multiple components need it or you need to coordinate behavior between components.
React
UK news
fromwww.bbc.com
6 days ago

Councils pressed to use universal parking app to cut 'unfair' fines

The government is promoting a nationwide parking payment app to reduce fines and simplify payments for drivers across England.
#tourist-tax
EU data protection
fromComputerWeekly.com
1 week ago

UK government lacks ambition to fight tax fraud, says PAC | Computer Weekly

The UK's PAC criticizes the government for failing to modernize technology to combat tax fraud and error, costing taxpayers billions annually.
fromInvestigative Post
2 days ago

Investigative Post event on reforming Buffalo and NY government.

John Kaehny has written and successfully lobbied for the passage of state and New York City laws related to government transparency and accountability, including the first open data law in the world in 2012.
NYC politics
Privacy professionals
fromwww.aljazeera.com
2 days ago

Ten years since Panama Papers: What did they reveal, did anything change?

The Panama Papers leak revealed extensive offshore financial networks used by the global elite, involving over 11.5 million documents from Mossack Fonseca.
#wealth-tax
UK politics
fromwww.theguardian.com
4 days ago

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam

$3.55 trillion of global wealth is hidden from tax authorities, primarily owned by the richest 0.1% of households.
SF politics
fromwww.theguardian.com
5 days ago

Washington state's historic' millionaire tax takes aim at super-rich will it succeed?

Noel Frame has faced significant challenges in raising taxes on the ultra-wealthy in Washington despite the state's need for increased revenue.
UK politics
fromwww.theguardian.com
4 days ago

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam

$3.55 trillion of global wealth is hidden from tax authorities, primarily owned by the richest 0.1% of households.
SF politics
fromwww.theguardian.com
5 days ago

Washington state's historic' millionaire tax takes aim at super-rich will it succeed?

Noel Frame has faced significant challenges in raising taxes on the ultra-wealthy in Washington despite the state's need for increased revenue.
Retirement
from24/7 Wall St.
4 days ago

3 Ways To Avoid Paying Taxes On Your Social Security Benefits

Social Security benefits may be taxed based on combined income, with low thresholds that haven't adjusted for inflation.
Real estate
fromIrish Independent
1 week ago

Thousands who have yet to pay property tax warned money will be taken from wages

170,000 homes have not filed local property tax returns, prompting Revenue to initiate a non-compliance campaign.
NYC politics
fromCity Limits
2 days ago

Councilmember Investigated Over Possible Bribes In Shelter Contracting, And What Else Happened This Week in Housing

Councilmember Farah Louis is under federal investigation for allegedly steering shelter contracts in exchange for benefits.
California
fromSan Jose Spotlight
2 weeks ago

Cupertino to poll residents on potential tax increase - San Jose Spotlight

Cupertino officials are polling residents on raising the utility users tax from 2.4% to 4.8% to address budget pressures, including increased sheriff services costs.
SF politics
fromFortune
5 days ago

Congress is violating the Constitution-and a $39 trillion debt is the proof | Fortune

Most Americans and many Members of Congress lack knowledge of the U.S. Constitution, leading to significant fiscal consequences.
fromwww.amny.com
4 days ago

Mamdani fires back at Menin over City Council's budget response, charges it ignores bigger financial problems | amNewYork

Mamdani stated that the City Council's budget strategy effectively ensures this structural deficit will continue indefinitely, impacting vital city services and failing to solve deep financial problems.
New York City
NYC politics
fromwww.amny.com
3 days ago

NYC Council members would have more control in establishing community boards, per new bill

A new bill proposes that NYC Council members appoint half of community board members to enhance local representation.
UK politics
fromwww.bbc.com
1 week ago

Council tax claim could 'mislead' residents - UKSA

Wandsworth Council's claim of freezing council tax for four years may mislead taxpayers due to a rise in social care precept.
US politics
fromThe Atlantic
2 weeks ago

The IRS Is in Trouble

The IRS, weakened by budget cuts and staff reductions from over 100,000 to 81,000 employees, faces significant challenges in collecting taxes and processing returns for the 2026 filing season.
fromwww.bbc.com
1 week ago

Campaigners celebrate after new town plans dropped

Campaigner Aysha Hawcutt stated that residents were 'not anti-homes', but believed the Adlington plan was 'the wrong proposal in the wrong place'. She expressed pride in the community's resilience against the development threats.
London politics
Real estate
fromwww.housingwire.com
2 weeks ago

Housing muni market swells amid affordability policy debate

Municipal bonds have become a critical financing tool for affordable housing, growing 198% since 2016 and now representing 7% of the $4.4 trillion municipal bond market.
NYC politics
fromwww.amny.com
6 days ago

Editorial | The billion-dollar problem that is CityFHEPS, and how to solve it in the NYC budget | amNewYork

CityFHEPS expenses surged from $176 million to $834 million, with projected costs reaching $1.2 billion in fiscal year 2025.
East Bay (California)
fromThe Oaklandside
3 weeks ago

Oakland orders school district to pay past election costs

Oakland Unified School District settled a lawsuit and agreed to pay approximately $860,000 to Oakland for the 2022 school board election costs, with additional costs for the 2023 election to be billed by Alameda County.
#fiscal-devolution
UK politics
fromwww.independent.co.uk
2 weeks ago

Rachel Reeves sets out plans to hand mayors a share of tax revenue

Chancellor Rachel Reeves plans to give regional mayors control over a share of income tax revenues to invest in their local areas without increasing overall tax burden.
UK politics
fromwww.independent.co.uk
2 weeks ago

Local leaders to be given powers to choose how some income tax is spent, Reeves says

UK Chancellor Rachel Reeves announced plans to grant local leaders control over portions of national tax revenue to stimulate economic growth in regions outside London.
UK politics
fromwww.independent.co.uk
2 weeks ago

Rachel Reeves sets out plans to hand mayors a share of tax revenue

Chancellor Rachel Reeves plans to give regional mayors control over a share of income tax revenues to invest in their local areas without increasing overall tax burden.
UK politics
fromwww.independent.co.uk
2 weeks ago

Local leaders to be given powers to choose how some income tax is spent, Reeves says

UK Chancellor Rachel Reeves announced plans to grant local leaders control over portions of national tax revenue to stimulate economic growth in regions outside London.
NYC politics
fromCity & State NY
6 days ago

Unions, NYC council members to rally for DCWP funding

Labor unions and advocates rally to demand full funding for the NYC Department of Consumer and Worker Protection amid proposed budget cuts.
New York City
fromFOX 5 New York
1 week ago

NYC Council launches public dashboards for budget expenses, projected revenue

The city council launched public budget dashboards to enhance transparency in budget expenses and revenue expectations.
UK politics
fromwww.theguardian.com
2 weeks ago

Reeves plans to give regional leaders a share of national tax revenues

Chancellor Rachel Reeves announces plans to give regional leaders a share of national tax revenues to rebalance England's economy and shift spending power from Westminster.
SF politics
from48 hills
3 weeks ago

Lurie plan uses regressive taxes to 'save' Muni, in the short term - 48 hills

Mayor Lurie launched a parcel tax campaign to generate $150-200 million annually for Muni, preventing service cuts and addressing a $300 million budget deficit.
#nyc-budget
fromwww.amny.com
1 week ago
New York City

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

fromNew York City, NY Patch
3 weeks ago
New York City

$1.7B In Found Funds Could Shake Up NYC Budget

New York City Council identified $1.7 billion in potential savings and revenue for fiscal year 2026, offering alternatives to using the Rainy Day Fund to address the budget gap.
fromForbes
1 month ago
NYC politics

'Trying To Tax Us Into Oblivion': Top NYC Republican Hammers Mamdani's Preliminary Budget

Zohran Mamdani's budget proposes raising statewide taxes on the wealthiest or imposing a property tax hike on New York City homeowners.
New York City
fromwww.amny.com
1 week ago

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

Mayor Zohran Mamdani's administration identified over $1.7 billion in savings to address NYC's budget gap through various efficiency measures.
New York City
fromNew York City, NY Patch
3 weeks ago

$1.7B In Found Funds Could Shake Up NYC Budget

New York City Council identified $1.7 billion in potential savings and revenue for fiscal year 2026, offering alternatives to using the Rainy Day Fund to address the budget gap.
fromForbes
1 month ago
NYC politics

'Trying To Tax Us Into Oblivion': Top NYC Republican Hammers Mamdani's Preliminary Budget

#property-tax-reform
SF politics
fromFortune
1 month ago

Nationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already | Fortune

Multiple states are pursuing property tax cuts during election years, facing resistance over impacts on local government and school funding, reminiscent of California's 1978 Proposition 13.
SF politics
fromFortune
1 month ago

Nationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already | Fortune

Multiple states are pursuing property tax cuts during election years, facing resistance over impacts on local government and school funding, reminiscent of California's 1978 Proposition 13.
New York City
fromwww.amny.com
2 weeks ago

Editorial | NYC spends too much money. It's time to get things under control. | amNewYork

New York City faces a $7.3 billion budget deficit over two fiscal years due to chronic overspending relative to revenue, with structural imbalances threatening municipal bond ratings.
NYC politics
fromGothamist
3 weeks ago

7 things to watch as New York's budget battle heats up

New York's state Assembly and Senate passed competing budget resolutions against Governor Hochul's $263 billion plan, with major disagreements over taxes and spending priorities before the March 31 fiscal year deadline.
London politics
fromwww.standard.co.uk
1 month ago

The scandal of London councils' spending black holes

Local government councils raise council tax without demonstrating clear value or exploring efficiency improvements that private sector organizations routinely implement.
NYC politics
fromHoodline
3 weeks ago

NYC Council Pushes Ahead With Pay Raise Plan

New York City Council is advancing a pay increase package for elected officials during a budget crisis, bypassing the standard quadrennial commission review process.
New York City
fromNews 12 - Default
3 weeks ago

'Why is our budget so out of whack?' NYC comptroller testifies on multibillion-dollar budget gap

Mayor Mamdani faces a $5.4B budget gap for fiscal year 2027 and must choose between a wealth tax or property tax increases to balance the $127B budget by June.
NYC politics
fromtherealdeal.com
3 weeks ago

The Daily Dirt: Applying tax the rich to rent stabilization

An income-tax surcharge on high-earning rent-stabilized tenants could generate revenue while incentivizing them to move to better housing, freeing apartments for those with greater need.
Miscellaneous
fromIndependent
2 months ago

Revenue told Government not to tell public about lucrative tax loophole

A tax loophole enabling wealthy individuals to transfer valuable life assurance policies tax-free was quietly closed during last year's budget.
Philosophy
fromFast Company
1 month ago

Are you morally obligated to pay taxes?

Obeying laws and paying taxes is morally justified by civic duty, tacit consent, prevention of social harm, and benefits received from legal order.
#municipal-finance
Education
fromLondon Business News | Londonlovesbusiness.com
1 month ago

SEND crisis: Vast majority of councils warn of insolvency and call for reform amid huge deficits - London Business News | Londonlovesbusiness.com

Eight in ten councils expect insolvency by 2028/29 due to rising SEND high-needs deficits unless the Government writes off deficits and reforms the system.
#new-york-city-budget
New York Islanders
fromwww.amny.com
1 month ago

MAMDANI'S FIRST 100 DAYS: Mayor tells Albany budget gap shrunk by $5 billion, pushes wealth tax to further close it | amNewYork

Mayor Mamdani said administration cut the projected deficit by $5 billion but warned the city still faces a $7 billion gap without new recurring revenue.
fromwww.cbc.ca
1 month ago

Toronto city council will debate Chow's proposed budget today. Here's what's on the table | CBC News

The total proposed 2026 operating budget amounts to $18.9 billion, with 31 per cent being covered by property taxes and 24 per cent made up of federal and provincial funding. The rest is made up of smaller measures, including rate programs (12 per cent), transit fares (six per cent), and reserves (nine per cent). Chow submitted her budget proposal on Feb. 1, based on a city staff proposal put forward on Jan. 8.
Canada news
NYC politics
fromNew York Post
1 month ago

Top NY Dems will back Mamdani's 'tax the rich' push in budget: report

Democratic lawmakers support Mayor Mamdani's proposal to increase taxes on New York City millionaires, signaling willingness to challenge Governor Hochul's opposition to wealthy tax hikes.
UK news
fromLondon Business News | Londonlovesbusiness.com
1 month ago

Emergency government bailouts needed by third of councils over next three years - London Business News | Londonlovesbusiness.com

Over a third of councils and nearly half of social care councils are likely to need emergency government bailout agreements to set budgets within three years.
Real estate
fromwww.housingwire.com
1 month ago

Property tax burdens vary widely as states debate senior relief

State property tax effective rates vary widely, with Hawaii at 0.27% and New Jersey at 2.11%, producing large differences in annual homeowner bills.
fromAol
1 month ago

Senate Dems: 'We in Illinois need to tax'

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,
US politics
US politics
fromBoston.com
2 months ago

Lamenting Beacon Hill's power over cities, Wu responds to rejection of her tax plan

Massachusetts Senate rejected Mayor Michelle Wu's plan to shift commercial property tax burden, leaving Boston homeowners subject to higher residential property tax increases.
#council-tax
UK politics
fromwww.theguardian.com
1 month ago

Reform UK's Kent council faces extreme risk' after passing first budget

Reform UK-led Kent council raised council tax 3.99%, leaving reserves low and exposing the authority to £411m of immediate financial risk.
fromwww.bbc.com
1 month ago

County council facing 'effective bankruptcy'

"If we don't get what we need [in terms of extra government help] then a Section 114 Notice will come in, which is effective bankruptcy. We'd then get administrators come in, in effect - they'd then make a plan for where the money gets spent in Worcestershire. It would be a catastrophe. We're going to have to halt projects that were put into the budget by the previous administration, things that maybe were 'nice to have', but we can't afford them."
UK politics
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