Reading Time: < 1minuteDisponible en français. This HillStudy consists of a series of questions and answers intended to provide a better understanding of economic statistics and federal government finances. It covers such topics as the following: production: gross domestic product (GDP); inflation: consumer price index; nominal and real... Read More › The post Executive Summary – Federal Government Finances: Questions and Answers appeared first on HillNotes.| HillNotes
India’s public finance education needs a course correction—one that brings its own thinkers into the heart of fiscal policy discourse. #publicfinance #Arthashstra #Kautilya #education| Policy Circle
In a nutshell: During the past decade, there has been a flurry of local property tax rate increases, especially in those communities with historically high tax burdens. The Citizens Research Council has documented how Michigan’s local governments’ heavy reliance on property taxes has challenged their ability to sustain revenues given Michigan’s constitutional and statutory property […]| Citizens Research Council of Michigan
State economists downgraded projections for state GF/GP revenue – a critical source of discretionary funding within the state budget - at last Friday’s Consensus Revenue Estimating Conference. This comes while a number of critical budget issues are still being debated, including competing road funding proposals and federal reforms within Medicaid and safety net programs that will impact future state budgets. These factors mean the Governor’s February budget proposal will need to be scal...| Citizens Research Council of Michigan
One of Parliament’s fundamental roles is to review and approve the government’s taxation and spending plans. To fulfill this role, parliamentarians follow the parliamentary financial cycle, which consists of a continuous loop of activities that take place throughout the calendar year. Because the federal government’s fiscal year begins on 1 April and ends on 31 March, activities that take place during a single calendar year may relate to different fiscal years.| HillNotes
In a Nutshell: Michigan’s state and local governments are wary of proposed federal income tax changes that could increase their borrowing costs. Today, state and local governments can borrow for public infrastructure projects at lower interest rates because investment income from municipal bonds can be excluded from investors’ federal income tax bases. Bonds issued by […] The post Uncertainty in Borrowing Costs May Be Ahead for Michigan’s Local Governments appeared first on Citizens R...| Citizens Research Council of Michigan
Discover our research on optimizing decentralized public finance, aimed at improving public goods allocation across regions to boost overall welfare and efficiency.| Cambridge Judge Business School
In a Nutshell: Paying for Local Community Services The nearly $19 billion in property taxes collected each year funds Michigan’s essential local government services and public schools. And these taxes continue to rise. Since 2013, statewide property taxes have risen an average of four percent year over year. From 2021 to 2022, statewide property tax […]| Citizens Research Council of Michigan
In a Nutshell Michigan House Minority Leader and Speaker-Elect Matt Hall put a jolt into Michigan’s typically quiet November legislative recess with a major new proposal to reallocate revenue to address the state’s crumbling road infrastructure. The proposal seeks to dedicate over $2.7 billion in annual revenue for road repairs without a tax increase by […]| Citizens Research Council of Michigan
In a Nutshell: Michigan’s counties, cities, villages, and townships are breathing a sigh of relief with the passage of next year’s state budget. In Fiscal Year 2025 (FY2025 runs October 2024-September 2025), revenue sharing payments – the sum of those obliged by the state constitution and those approved in the state budget – will increase […]| Citizens Research Council of Michigan
Guest blog by Tom Brauer, Justin D. Farley, Amber Pollock In Wyoming, much like throughout the United States, communities lack access to revenue and control of the revenue-raising mechanisms needed to self-determine their future. Over the past 12 weeks, The Wild Optimists have been immersed in the Problem-Driven Iterative Adaptation (PDIA) course, where we’ve grown...Continue Reading Exploring the lack of access to revenue in Wyoming| Building State Capability
By Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship, MIT Sloan School of Management The plan is based on sound economic and fiscal assumptions and allows for the implementation of policy initiatives without tax increases. This note provides my assessment of the financial viability of Stacey Abrams’ budget plan for the state of Georgia through … Continue reading Assessment: Stacey Abrams’ Budget Plan→| The Baseline Scenario
This research compiles compelling evidence of the fiscal burden on governments from unhealthy food systems. Inaction threatens stability through inflation, food insecurity, degraded land, and clima…| Good Food Finance Network