Tag: Municipal Finance

Chicago Budget Changes Impacting Insurance Sector and Allstate Rate Hike

Explore how Chicago's new budget affects the insurance sector and Allstate's rate hike. Understand the implications for insurance demands in Illinois.

Buffalo City Council Approves Insurance Renewal and Financial Oversight

Buffalo City Council approved key municipal insurance renewals and discussed financial oversight, ensuring stability and compliance in city operations.

Westhampton Allocates Funds to Combat Rising Health Insurance Costs

Westhampton's emergency fund allocation addresses rising municipal health insurance costs due to a 20% premium increase, ensuring compliance and coverage for employees.

Township Reviews Tax Break Request for Senior Housing Project at Former Telecom Site

Township committee considers PILOT tax breaks for senior housing redevelopment of vacant telecom office, amid school funding concerns.

City Faces Budget Strains Amid Delays in Retiree Health Insurance Cost Shifts

Explore the challenges faced by a city in implementing retiree health insurance cost shifts, including delayed state reimbursements and budget impacts amid fiscal pressures.

Orange County Spends Over $1M on Elected Officials’ Health Benefits in 2024

Explore how Orange County allocated over $1 million in 2024 for health, vision, and dental insurance benefits for elected officials and the implications for local government budgets and transparency.

New York City's CIO Steven Meier Oversees $306.3 Billion Asset Portfolio

Steven Meier, CIO and deputy comptroller for New York City Bureau of Asset Management, manages a $306.3 billion portfolio as of September 30, focusing on public fund oversight and strategic asset management.

San Francisco Proposes Progressive Parcel Tax to Fund Muni Operations

San Francisco plans a progressive parcel tax to raise $187M annually and prevent deep Muni service cuts amid a growing $307M deficit. Ballot measure set for 2026.

USCM Urges Congress to Extend ACA Premium Tax Credits Before Expiration

US Conference of Mayors calls on Congress to extend ACA premium tax credits to prevent a healthcare coverage crisis impacting millions and burdening local governments and hospitals.

Mission City Considers Property Tax Increase Amid 2026 Budget Deficit

The city of Mission, Kansas, proposes a property tax increase to address a near $50,000 budget deficit for 2026, balancing resident service funding with fiscal responsibility.