While an improving U.S. economy is helping boost revenue for states, cities face declining aid and a drop in the property-tax take since the housing crash. Cities under fiscal stress are trying to avoid bankruptcy and bolster their finances, including Pontiac, Mi., which abolished its police and Cleveland, which demolished thousands of condemned structures to preserve property values. Such actions aren’t always sufficient.
full articleIn the economic agenda he announced today, Rick Santorum says that to “revive” housing, he...
It's called "the Bennett Hypothesis," and it explains--or tries to explain--why the cost of college...
President Obama’s corporate tax reform plan starts with a few, broad principles—the...
In his budget address on Tuesday, New Jersey Gov. Chris Christie proposed cutting income taxes to...