On June 27, 2024, California enacted budget trailer legislation that contains significant tax changes (Senate Bill 167) and is likely to impact most California taxpayers....more
California Governor Gavin Newsom released the “May Revision” to the state budget on Friday. The May Revision, or “May Revise,” takes into account actual state revenues collected through April....more
This week, the Minnesota Legislature passed and delivered to the governor for signature HF2310, an energy policy omnibus bill that provides $216 million for energy initiatives in the state. The legislation includes...more
Odd to think of the Food Service Fund having a surplus, but districts around Ohio are having this unusual experience due to the pandemic and changing federal reimbursements. RC 3313.81 and a series of AG opinions...more
California Governor Gavin Newsom and the state Legislature enacted a $196 billion spending plan for FY 2021–22, the largest budget in state history. Buoyed by a record budget surplus estimated at $85 billion, including $26…...more
The California Court of Appeal held that 2016 amendments to the San Diego City Charter did not require the City to obtain voter approval prior to entering into a lease revenue bond transaction with the Public Facilities...more
CITY HALL - Counsel Looks to Incentivize Vaccines - Members of City Council will review two proposals to incentivize vaccines citywide. The first proposal would give residents a $50 credit to use on Philadelphia Gas...more
The official transition to a new administration and early Cabinet selections helped drive Wall Street to new highs on Tuesday, with the Dow topping 30,000 for the first time and the S&P 500 up 1.6% to another new high, too....more
After learning that the pandemic has left an approximately $2.4 billion hole in Minnesota's general fund budget, legislators are left with only seven days to complete their work before next Monday's May 18 constitutional...more
Yesterday Minnesota’s latest budget and economic forecast was released. The state’s financial outlook remains stable, with a small increase to the general fund revenue forecast along with a similar-sized reduction in spending...more
Rhode Island is trying to put the brakes on a federal lawsuit brought by the trucking industry that could steer the state’s truck toll system into a ditch. The outcome could create speed bumps for transportation agencies...more
City Proposals for Funding Due Nov. 4 - In response to the recent and continued utility-initiated power shutoffs that are leaving millions of Californians without power, Gov. Gavin Newsom launched a Local Government Public...more
The Utah Legislature has announced the members for its tax reform task force. This task force comprises 10 legislators and four non-voting tax experts, including Holland & Hart Tax Partner Steve Young, and is expected to...more
On October 29, the well-respected Public Affairs Research Council of Alabama (PARCA), headquartered at Samford University, issued a useful report finding Alabama’s “booming economy” had generated substantially increased tax...more
A city’s annual budgetary transfer from its electric utility to its general fund, referred to as a payment in lieu of taxes and known as PILOT, is an electric utility cost and not an exaction subject to Proposition 26, the...more
The City of Riverside’s transfer of electric utility service charge revenue to the City’s general fund for general purposes was upheld last week by a California Appellate Court. ...more
Revenue Forecasting Committee Projects $141 Million Surplus - The Revenue Forecasting Committee (RFC) presented a briefing to the Appropriations and Financial Affairs (AFA) Committee on Tuesday, March 6, 2018. The RFC has...more
Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Legislative Council Hears State Fiscal Report - On Tuesday, September 19, the Legislative Council...more
In the first federal jury trial by the U.S. Securities and Exchange Commission (SEC) against a municipality or its officers, jurors found that the City of Miami, Florida (Miami or the City) and its former budget director...more
During the recently ended legislative special session, Senate President Pro Tem, Senator Del Marsh (R-Anniston), introduced and quickly passed Senate Resolution 20 that establishes an exploratory committee aimed at evaluating...more
New legislation in Pennsylvania expands the permissible financial products in which municipalities, school districts and municipal authorities may invest. Recently approved Pennsylvania legislation (Act No. 10 of 2016, the...more
Summary - Governor Robert Bentley called a second special session of the Alabama Legislature on Tuesday, September 9 at 5 p.m. to address the FY 2016 General Fund budget and associated revenue measures. After meeting for...more
The General Assembly convened for the 2015 legislative session on January 14. Lawmakers returned to Raleigh on January 28 to begin the session in earnest. The MVA Public Affairs Legislative Report on North Carolina will be...more
The Alabama Senate adjourned sine die on Thursday, June 4, and the Alabama House of Representatives met for their last day on Thursday, June 11. Although the legislature passed a record-setting, $6 billion Education Trust...more
The Alabama Senate adjourned late Thursday afternoon, June 4, leaving a number of pending bills on the table. Although the legislature passed a record-setting $6 billion Education Trust Fund budget, the issue that pervaded...more