The Obama Administration is hoping to address the nation's huge deficits. Neal Peirce looks at how proposed solutions might trickle down to states and municipalities.
Some of the proposed solutions could be a boon to states, counties and cities, but other ideas could have negative implications.
"[T]he bipartisan deficit commission that Obama created, headed by former Clinton White House aide Erskine Bowles and former Sen. Alan Simpson (R-Wyo.), includes one recommendation that states and cities will abhor. It would make bonds issued by state and local governments, today tax-exempt, fully taxable.
That shift would increase the necessary yields on state or local bonds so sharply that roughly 30 percent would be added to the cost of practically every capital investment states or cities make, notes Frank Shafroth, a veteran of positions in the local state and local government field and currently adjunct professor at George Mason and George Washington Universities."
FULL STORY: What Would Mega-Fiscal Reform Mean for States, Cities?
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Restoring Northern India’s Himalayan ‘Water Temples’
Thousands of centuries-old buildings protect the region’s natural springs and serve as community wells and gathering places.
Milwaukee to Double Bike Share Stations
Bublr Bikes, one of the nation’s most successful, will add 500 new e-bikes to its system.
DC Extends Application Window for Outdoor Dining Permits
District restaurants will have until the end of November to apply, but businesses with permits in rush hour parking lanes must end operations on July 31.
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