local governments

In some states, a push to end all property taxes for homeowners

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In some states, a push to end all property taxes for homeowners

ATLANTA (AP) — It’s a goal spreading among anti-tax crusaders — eliminating all property taxes on homeowners. Rising property values ​​have raised tax bills in many states, but ending all homeowner taxes would cost billions or even tens of billions in most states. It is unclear whether lawmakers can succeed without harming schools and local … Read more

Budapest’s credit rating falls to ‘junk’ as funding row with Orbán’s government intensifies

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Budapest’s credit rating falls to ‘junk’ as funding row with Orbán’s government intensifies

The city of Budapest has been cut to junk status by Moody’s, a leading global credit rating agency, in a rating action that explicitly links the Hungarian capital’s short-term credit risk to liquidity pressure and an ongoing institutional dispute with the national government. “Moody’s Ratings today downgraded the Base Credit Assessment of the City of … Read more