As local economies continue to recover from the pandemic downturn, policymakers are focused on how best to use public policy tools to support resilient and equitable economies. Like many cities, Oakland is examining how its business tax structure aligns with the city’s goals and needs. The City Council is considering a proposal to restructure the…
Tag: taxes
Earned Income Tax Credit (EITC) Update: California Expansion, Federal Inaction
The Earned Income Tax Credit (EITC) is now the primary anti-poverty program in the U.S., but it has not kept up with wage stagnation. Berkeley faculty recently proposed an increase in the federal EITC, California has adopted an expansion of its own state EITC, and Congress passed a tax bill that fails to help EITC…
Water woes could sink Flint’s property values even more
The situation in Flint only gets worse: not surprisingly, residents are now worried about their property values, which have already fallen significantly over the past decade. The inability of many residents to sell their homes will only get worse as the reputation of the city’s water supply plummets. This means not only an ongoing crisis…
The Glitch in Colorado’s Weed Experiment – NYTimes.com
To be filed under the “be careful what you wish for” category of fiscal policy. Colorado scrambles to avoid having to refund all of the revenue from marijuana sales, because, well because SMALL GOVERNMENT! As an April 1 report in The Times explained, Colorado’s tax revenues have recently surged, thanks in part to the booming…
News of the unsurprising: tax cuts lead to budget deficits
November 18, 2014 – RALEIGH, N.C. North Carolina lawmakers are likely enjoying some downtime after the legislative session and midterm election, but experts predict a tough session waiting for them on their return to Raleigh. A report from the Office of the State Controller indicates tax revenues are down by almost $400 million compared with this same…