A new bond rating firm will be grading cities’ credit by looking at the cumulative fiscal effect of inequality — such as expenses related to police brutality and other social justice issues. From Bloomberg: The Fiscal Justice Credit Rating Agency is...
Earned income tax credits can be used as a mechanism for reducing suicide rates among low-income adults, according to new research published in the journal Preventative Medicine. From the study: We sought to assess the impact of income support in the form of state...
Cities that hiked their tourism-related taxes did not see dips in tourism, according to researchers who studied the relationship between taxes and tourism in eight U.S. cities. The study was published in the most recent issue of the journal Travel Economics. From the...
Universities have begun selling bonds again, as schools and investors alike bet on a resurgence of on-campus life. From Bloomberg: After a year of declining enrollment, online classes and vacant quads, schools have started selling bonds again for new dormitories,...
A Miami commission is studying the risks and rewards of diving into cryptocurrency, including paying city workers in bitcoin, and investing a portion of the city treasury in cryptocurrencies, among other proposals. From Bond Buyer: Miami Mayor Francis Suarez sees the...
COVID cleared out New York City’s business district, and now the city is grappling with a struggling commercial real estate market and plunging property tax revenues. City officials are increasingly viewing this summer as a “recovery moment”. More...