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Gov. J.B. Pritzker on has signed Illinois’ $53.1 billion fiscal year 2025 budget, which includes $198 million for the state’s rainy day fund and $182 million for the migrant crisis as well as creating a Department of Early Childhood and an innovation center at the University of Illinois-Springfield and funding the new state-based insurance marketplace.

With the municipal market’s prized tax exemption possibly in play next year as Congress tackles tax policy, the National Football League is getting into the game by lobbying to protect the financing tool for the controversial and niche stadium market. The use of tax-exempt bonds to build sports stadiums, which have been subject to several

A 2017 constitutional challenge to Arizona’s system for funding public school facilities that spotlights districts’ unequal access to local property taxes and bond issuance finally went to trial last week.  The case, filed in Maricopa County Superior Court by school districts and others against state School Facilities Board officials, contends the funding system violates the

Energy Secretary Jennifer Granholm said Friday the U.S. needs to triple its nuclear capacity to meet President Joe Biden’s goal of net-zero emission by 2050. Granholm made the comments in Waynesboro, Georgia, where she joined a host of public officials celebrating the commercial start of the Unit 4 nuclear reactor at Plant Vogtle. The reactor

The major sticking points between what California lawmakers want and cuts proposed in Gov. Gavin Newsom’s May budget revisions are starting to arise with just over two weeks to go before lawmakers’ June 15 deadline to submit a budget to the governor. Assembly Speaker Robert Rivas, D-Hollister, and Senate President pro Tempore Mike McGuire, D-Sonoma

Oregon economists in their June forecast predicted a 50-50 chance the state’s residents will receive a kicker tax credit in 2026 as revenues are coming in at a slow and steady pace. The state has a trigger mechanism that returns money to taxpayers every two years through a so-called kicker rebate if personal income taxes

The Metropolitan Washington Airports Authority plans to come to market Wednesday with $829.4 million of airport system revenue and refunding bonds. “Traditionally, we’re in the market at about the same time every year. We either have a refunding opportunity or a new money need,” said Andrew Rountree, the authority’s senior vice president for finance and CFO.

Tennessee Gov. Bill Lee Tuesday signed a bill allowing local governments to issue bonds via industrial development corporations to work alongside the private sector to bolster affordable housing. The law will allow IDCs affiliated with cities and towns to sell bonds to raise the money needed to assure multi-family housing remains affordable. All municipal governments