#municipal-accounting

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Retirement
fromEntrepreneur
9 hours ago

More Taxpayers Are Cheating. Here's Why 'The IRS Isn't Going to Catch Me' Is the New Strategy.

IRS workforce reductions lead to decreased audits and increased taxpayer noncompliance, costing the government significantly in revenue.
#new-york-city
NYC politics
fromwww.amny.com
3 weeks ago

Op-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork

New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.
New York City
fromwww.amny.com
3 weeks ago

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.
New York City
fromStrongtowns
1 day ago

New York City and the Myth of a Balanced Budget | Strong Towns

New York City faces a significant budget gap despite its economic success, raising questions about the nature of the financial issues at hand.
NYC politics
fromwww.amny.com
1 week ago

Editorial | Building a responsible budget at City Hall | amNewYork

Mayor Mamdani and Speaker Menin present competing budget plans to address a $5.9 billion deficit in New York City.
New York City
fromwww.amny.com
1 week ago

Op-ed | A responsible path forward for New York City's budget | amNewYork

New York City's budget process is a complex negotiation that impacts community investment and addresses fiscal challenges.
New York City
fromNew York Daily News
1 week ago

NYC Council budget plan averts Mamdani property tax hike, avoids tapping reserves

The City Council plans to close New York's budget gap without tax hikes or using reserves, proposing alternative funding sources instead.
NYC politics
fromwww.amny.com
3 weeks ago

Op-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork

New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.
New York City
fromwww.amny.com
3 weeks ago

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.
#debt-management
Bootstrapping
fromFortune
8 hours ago

Debt management plan vs. debt relief | Fortune

Debt management plans and debt relief programs offer strategies for managing debt, with specific benefits and drawbacks for each option.
Bootstrapping
fromFortune
4 days ago

How to get out of debt: 9 proven strategies that actually work | Fortune

Identifying the causes of debt is essential for effective elimination strategies.
Bootstrapping
fromFortune
8 hours ago

Debt management plan vs. debt relief | Fortune

Debt management plans and debt relief programs offer strategies for managing debt, with specific benefits and drawbacks for each option.
Bootstrapping
fromFortune
4 days ago

How to get out of debt: 9 proven strategies that actually work | Fortune

Identifying the causes of debt is essential for effective elimination strategies.
London politics
fromLos Angeles Times
1 day ago

He did everything right. His Los Angeles parking fine kept growing anyway

Paul Cook fought a parking ticket in Los Angeles for 16 months, inspired by Gandhi's teachings on righteousness and justice.
fromwww.bbc.com
1 day ago

We have complied with financial rules - West Brom

West Bromwich Albion acknowledges media reports relating to the club's compliance with the EFL's profitability and sustainability (P&S) rules. The club considers that it has fully complied with the P&S rules.
English Premier League
Mission District
fromLos Angeles Times
3 days ago

Commentary: On the blight side, a stroll around City Hall provokes the question: Can't we do better?

The Frank Putnam Flint fountain symbolizes neglect and failed leadership in Los Angeles, raising concerns about city maintenance and public space care.
San Francisco
fromPadailypost
5 days ago

Opinion: How to convince voters to raise taxes? Cry wolf

Bay Area leaders are using fear tactics to push for a half-cent sales tax increase for mass transit, framing it as a citizen initiative.
UK politics
fromwww.bbc.com
5 days ago

Greens launch local election campaign with focus on housing

Green Party leader Zack Polanski criticizes the government for failing to build affordable housing and calls for rent controls in London.
fromPadailypost
5 days ago

Health care sales tax campaign under investigation

The FPPC wants to know if county government funds were used on Measure A campaign mailers, following complaints from the Silicon Valley Taxpayers Association and Libertarian Party of Santa Clara County.
SF politics
US Elections
fromFast Company
5 days ago

This overlooked tax detail could make today your real deadline

Tax returns mailed to the IRS must be postmarked by April 15, with potential delays due to USPS operations.
Boston
fromBoston.com
6 days ago

Wu releases $4.9 billion budget proposal amid 'difficult moment' for city's finances

Boston's proposed budget for fiscal year 2027 is $4.9 billion with a 2.1% spending increase, the smallest since 2009.
#taxes
Canada news
fromwww.cbc.ca
1 week ago

Ontario municipalities say they're at critical' point, call on province to fill $4B funding gap | CBC News

Municipalities in Ontario face a $4 billion funding shortfall for provincial responsibilities, impacting infrastructure projects and social services.
California
fromSan Jose Inside
6 days ago

Here's a Look at the Tax Payments and Reported Incomes of Top Governor Candidates

Tom Steyer reported a total income of $39 million in 2024, surpassing all his major opponents combined.
New York City
fromwww.amny.com
2 days ago

Mamdani's first 100 days milestone ends where governing begins: The budget, and fixing a $5.9 billion hole | amNewYork

Mayor Zohran Mamdani's first 100 days focus on demonstrating government effectiveness, with the upcoming budget fight as a critical test of his leadership.
East Bay (California)
fromThe Oaklandside
1 week ago

Oakland made a big financial mistake failing to collect business taxes, audit finds

Oakland failed to collect owed business taxes, exacerbating financial crises and limiting revenue needed for essential services.
Bootstrapping
fromEntrepreneur
5 days ago

Behind on Your Taxes? 4 Smart Moves to Avoid Penalties Before April 15

File an extension to avoid penalties and use strategic tax planning to reduce your tax burden.
Boston
fromBoston.com
1 week ago

Boston faces budget deficit of nearly $50 million

Boston faces a $48.4 million budget deficit due to external cost pressures, prompting spending freezes and hiring delays.
NYC politics
fromDocumented
6 days ago

Here Are Several Lesser-Known NYC Laws - Documented

President Trump is reshaping immigration policy, causing concern among migrant communities about safety and legal repercussions in the U.S.
SF politics
from48 hills
1 week ago

SF budget picture improves as mayor tries to cut the tax that is part of the recovery - 48 hills

San Francisco's financial outlook is improving, driven by increased tax revenues, particularly from high-end real estate transactions.
New York City
fromwww.amny.com
6 days ago

Op-Ed | It's time to modernize SEQRA to ensure responsible development

Vacant office spaces in Midtown could be transformed into thousands of apartments, addressing housing shortages and environmental concerns.
NYC politics
fromPolitics NY
6 days ago

Inside Government with PoliticsNY: A Q&A with Council Member Gale Brewer

Gale Brewer focuses on affordable housing, public safety, and community services to improve constituents' daily lives in New York City.
fromwww.bbc.com
3 weeks ago

Campaigners celebrate after new town plans dropped

Campaigner Aysha Hawcutt stated that residents were 'not anti-homes', but believed the Adlington plan was 'the wrong proposal in the wrong place'. She expressed pride in the community's resilience against the development threats.
London politics
Real estate
fromwww.housingwire.com
4 weeks ago

Housing muni market swells amid affordability policy debate

Municipal bonds have become a critical financing tool for affordable housing, growing 198% since 2016 and now representing 7% of the $4.4 trillion municipal bond market.
fromwww.housingwire.com
4 weeks ago

How Public Financing Wins Projects Before You Build

Through Community Facilities Districts (CFD), Municipal Utility Districts (MUD), Public Improvement Districts (PID), Community Development Districts (CDD) and reimbursement districts (RD), builders can potentially shift infrastructure costs off their balance sheets and onto special districts that homebuyers ultimately absorb through property taxes without potentially adding debt to the builder's books.
LA real estate
fromInvestigative Post
1 week ago

Investigative Post event on reforming Buffalo and NY government.

John Kaehny has written and successfully lobbied for the passage of state and New York City laws related to government transparency and accountability, including the first open data law in the world in 2012.
NYC politics
Boston
fromBoston.com
3 weeks ago

City Council calls for more transparency from Wu over transportation projects

Mayor Wu's requirement for personal approval of transit and road safety projects has caused significant delays, prompting even her allies on the City Council to demand increased transparency and accountability.
fromwww.amny.com
1 week ago

Mamdani fires back at Menin over City Council's budget response, charges it ignores bigger financial problems | amNewYork

Mamdani stated that the City Council's budget strategy effectively ensures this structural deficit will continue indefinitely, impacting vital city services and failing to solve deep financial problems.
New York City
#municipal-budget
Mission District
fromSan Jose Spotlight
1 month ago

San Jose mayor issues budget plan amid projected shortfall - San Jose Spotlight

San Jose faces a $56 million budget deficit and Mayor Mahan prioritizes maintaining services in homelessness, public safety, housing, and economic growth while seeking cost efficiencies before implementing cuts.
Mission District
fromSan Jose Spotlight
1 month ago

San Jose mayor issues budget plan amid projected shortfall - San Jose Spotlight

San Jose faces a $56 million budget deficit and Mayor Mahan prioritizes maintaining services in homelessness, public safety, housing, and economic growth while seeking cost efficiencies before implementing cuts.
East Bay (California)
fromThe Oaklandside
1 month ago

Oakland orders school district to pay past election costs

Oakland Unified School District settled a lawsuit and agreed to pay approximately $860,000 to Oakland for the 2022 school board election costs, with additional costs for the 2023 election to be billed by Alameda County.
New York City
fromFOX 5 New York
2 weeks ago

NYC Council launches public dashboards for budget expenses, projected revenue

The city council launched public budget dashboards to enhance transparency in budget expenses and revenue expectations.
SF politics
from48 hills
1 month ago

Lurie plan uses regressive taxes to 'save' Muni, in the short term - 48 hills

Mayor Lurie launched a parcel tax campaign to generate $150-200 million annually for Muni, preventing service cuts and addressing a $300 million budget deficit.
#municipal-budget-crisis
California
fromThe Mercury News
1 month ago

New budget documents place San Jose's estimated shortfall around $56 million

San Jose faces a $56 million budget shortfall for the coming year, requiring difficult decisions on service reductions and workforce management amid already severe staffing constraints.
Miami
fromwww.mercurynews.com
1 month ago

South Bay City cut back millions, but forecasts multimillion dollar deficit

Milpitas reduced its projected five-year budget shortfall by more than half through spending cuts and position eliminations, though long-term fiscal challenges remain with costs expected to outpace revenue growth after 2028.
California
fromwww.mercurynews.com
1 month ago

New budget documents place San Jose's estimated shortfall around $56 million

San Jose faces a $56 million budget shortfall for the coming year, requiring difficult decisions on service reductions and workforce management amid a history of severe fiscal challenges.
#nyc-budget
fromwww.amny.com
2 weeks ago
New York City

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

Mayor Zohran Mamdani's administration identified over $1.7 billion in savings to address NYC's budget gap through various efficiency measures.
fromThe Nation
1 month ago
New York Islanders

Mamdani Launches His First Salvos in New York's Fiscal Battle

New York faces recurring fiscal crises; a $5.4 billion projected deficit prompts threat of 9.5% property tax increase and higher taxes on millionaires and corporations.
New York City
fromwww.amny.com
2 weeks ago

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

Mayor Zohran Mamdani's administration identified over $1.7 billion in savings to address NYC's budget gap through various efficiency measures.
NYC politics
fromReason.com
3 weeks ago

Mamdani might raid a severely underfunded retiree fund to balance New York City's bursting budget

New York City faces a severe fiscal crisis driven by $260 billion in long-term liabilities, primarily from public pensions and retiree health care costs that threaten funding for essential services.
Bootstrapping
fromEntrepreneur
1 month ago

Why Chasing More Revenue Won't Fix Your Financial Struggles

Pursuing revenue growth without stabilizing internal systems, costs, and processes amplifies inefficiencies and creates fragile, unsustainable businesses instead of profitable ones.
California
fromThe Mercury News
1 month ago

Staff vacancies to remain in place to help balance Walnut Creek budget

Walnut Creek will maintain elevated staff vacancies through fiscal year 2027 to address a $2 million budget shortfall caused by reduced auto sales tax revenue from a California reporting change.
#nyc-budget-crisis
fromwww.amny.com
4 weeks ago
New York City

Editorial | NYC spends too much money. It's time to get things under control. | amNewYork

New York City faces a $7.3 billion budget deficit over two fiscal years due to chronic overspending relative to revenue, with structural imbalances threatening municipal bond ratings.
fromFOX 5 New York
3 weeks ago
New York City

Menin pushes back on Mamdani's plan to tap rainy day fund | WATCH

NYC Mayor Mamdani and City Council Speaker Menin clash over using the $2 billion rainy day fund to close a $5.4 billion budget deficit, with the council firmly opposing the withdrawal.
New York City
fromwww.amny.com
4 weeks ago

Editorial | NYC spends too much money. It's time to get things under control. | amNewYork

New York City faces a $7.3 billion budget deficit over two fiscal years due to chronic overspending relative to revenue, with structural imbalances threatening municipal bond ratings.
New York City
fromFOX 5 New York
3 weeks ago

Menin pushes back on Mamdani's plan to tap rainy day fund | WATCH

NYC Mayor Mamdani and City Council Speaker Menin clash over using the $2 billion rainy day fund to close a $5.4 billion budget deficit, with the council firmly opposing the withdrawal.
#property-tax-reform
SF politics
fromFortune
1 month ago

Nationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already | Fortune

Multiple states are pursuing property tax cuts during election years, facing resistance over impacts on local government and school funding, reminiscent of California's 1978 Proposition 13.
SF politics
fromFortune
1 month ago

Nationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already | Fortune

Multiple states are pursuing property tax cuts during election years, facing resistance over impacts on local government and school funding, reminiscent of California's 1978 Proposition 13.
fromBrooklyn Eagle
2 months ago

Mamdani orders new 'Chief Savings Officers' at city agencies

Under Executive Order 12, according to a press statement from the city, each agency will now have five days to appoint an existing senior employee as Chief Savings Officer and grant them the relevant staff and information. This employee will have 45 days to complete a comprehensive assessment of their agency's spending, analyzing the most expensive programs to understand major drivers of cost, as well as the highest-performing programs, to try to replicate successes.
US politics
NYC politics
fromHoodline
1 month ago

NYC Council Pushes Ahead With Pay Raise Plan

New York City Council is advancing a pay increase package for elected officials during a budget crisis, bypassing the standard quadrennial commission review process.
Education
fromLondon Business News | Londonlovesbusiness.com
2 months ago

SEND crisis: Vast majority of councils warn of insolvency and call for reform amid huge deficits - London Business News | Londonlovesbusiness.com

Eight in ten councils expect insolvency by 2028/29 due to rising SEND high-needs deficits unless the Government writes off deficits and reforms the system.
fromwww.bbc.com
2 months ago

County council facing 'effective bankruptcy'

"If we don't get what we need [in terms of extra government help] then a Section 114 Notice will come in, which is effective bankruptcy. We'd then get administrators come in, in effect - they'd then make a plan for where the money gets spent in Worcestershire. It would be a catastrophe. We're going to have to halt projects that were put into the budget by the previous administration, things that maybe were 'nice to have', but we can't afford them."
UK politics
UK news
fromLondon Business News | Londonlovesbusiness.com
2 months ago

Emergency government bailouts needed by third of councils over next three years - London Business News | Londonlovesbusiness.com

Over a third of councils and nearly half of social care councils are likely to need emergency government bailout agreements to set budgets within three years.
#government-transparency
fromNBC New York
1 month ago
NYC politics

Mamdani pledged a 'culture of transparency.' But he's not ready to hand over these gov't records.

fromNBC New York
1 month ago
NYC politics

Mamdani pledged a 'culture of transparency.' But he's not ready to hand over these gov't records.

fromEntrepreneur
2 months ago

How to Win Big With Public-Sector Partners

Understanding the difference in purpose Unlike private businesses, which exist to make a profit, public institutions are designed to create impact - especially social and economic outcomes that benefit everyone, not just paying customers. A public agency doesn't measure its success in revenue or margins, but in how much it improves lives, builds equity and maintains public trust. This doesn't mean budgets and spending don't matter - they absolutely do - but money is not the goal. It's the tool.
World politics
London politics
fromwww.standard.co.uk
1 month ago

The scandal of London councils' spending black holes

Local government councils raise council tax without demonstrating clear value or exploring efficiency improvements that private sector organizations routinely implement.
fromPortland Mercury
2 months ago

Portland Housing Bureau Finds Millions More in Unspent Funds

The Portland Housing Bureau has found additional unspent dollars in its coffers, adding to the previous $21 million it found through an audit last year. It is unclear exactly how much money is in the fund, but Council President Jamie Dunphy called councilors over the weekend to tell them they would soon learn of the specifics of what was found in the Housing Investment Fund. He told the Mercury February 2 that he did not yet know how much total funding was available.
Portland
fromBrooklyn Eagle
2 months ago

Mamdani blames "Adams Budget Crisis" for $12B NYC shortfall

CITY HALL - MAYOR ZOHRAN MAMDANI said New York City faces a projected $12 billion budget shortfall across fiscal years 2026 and 2027, according to a press release. He blames the "staggering" fiscal mismanagement by former Mayor Eric Adams for underbudgeting core services like cash assistance, shelter operations and special education. Mamdani also points to what he called intentional understatement of future gaps - citing, for example, $860 million budgeted for FY26 cash assistance versus projections nearing $1.7 billion -
Brooklyn
US politics
fromSan Jose Spotlight
2 months ago

San Jose faces tough choices to balance budget shortfall - San Jose Spotlight

San Jose faces a projected $65 million shortfall requiring tough service reductions while prioritizing public safety, libraries, youth programs, parks, and immigrant legal defense funding.
Canada news
fromwww.cbc.ca
2 months ago

City staff stealing packages, working other jobs on sick leave: What Toronto's auditor uncovered in 2025 | CBC News

Employee fraud, mismanagement, and attempted multimillion-dollar scams caused financial loss, damaged morale, and led to disciplinary bans from Toronto's workforce.
UK politics
fromwww.bbc.com
2 months ago

Can a council do five days' work in four?

South Cambridgeshire District Council adopted a 32-hour, four-day week and reports improved retention, higher applicant numbers, agency savings, and maintained or improved most service metrics.
New York City
fromNew York City, NY Patch
1 month ago

Moody's Lowers NYC's Credit Outlook To Negative Due To Budget Gaps

Moody's downgraded New York City's credit outlook to negative due to structural budget imbalances and persistent projected deficits despite favorable economic conditions.
Canada news
fromwww.cbc.ca
2 months ago

Ontario aiming for balanced budget by 2027. But province's financial watchdog predicts target won't be hit | CBC News

Ontario is not on track to balance the budget by 2027 and faces a projected $8.5 billion deficit in 2027–2028 with rising cumulative debt.
from48 hills
1 month ago

The real story behind Muni's budget deficit - 48 hills

Despite some idealistic intentions, that framework is in fact what put Muni in the financial hole in the first place. Working from a scarcity mindset, namely trying to preserve an already pilfered service, is a losing battle. To guarantee the service that citizens and workers expect from a city like San Francisco requires a committed vision of the future, one that centers Muni as the public good that it is.
SF politics
US politics
fromLos Angeles Times
2 months ago

Charter Reform Commission, L.A. City Council look to impose transparency rules

Los Angeles City Council passed an ordinance requiring Charter Reform Commission members to disclose private communications with elected officials and staff to boost transparency.
UK politics
fromwww.theguardian.com
1 month ago

Reform UK's Kent council faces extreme risk' after passing first budget

Reform UK-led Kent council raised council tax 3.99%, leaving reserves low and exposing the authority to £411m of immediate financial risk.
fromwww.cbc.ca
2 months ago

Toronto city council will debate Chow's proposed budget today. Here's what's on the table | CBC News

The total proposed 2026 operating budget amounts to $18.9 billion, with 31 per cent being covered by property taxes and 24 per cent made up of federal and provincial funding. The rest is made up of smaller measures, including rate programs (12 per cent), transit fares (six per cent), and reserves (nine per cent). Chow submitted her budget proposal on Feb. 1, based on a city staff proposal put forward on Jan. 8.
Canada news
#fiscal-emergency
fromwww.mercurynews.com
2 months ago

Letters: Fight over gate raises questions of government service

The current issue is whether Fremont controls the road that the Alameda County Board of Supervisors ceded to Christopher George, who has now blocked access with a gate. But it is part of a longer battle that has included the board considering George's request for the land after his company donated $10,000 to Supervisor David Haubert's campaign. The board granted his request ostensibly to save maintenance costs, but at the expense of constituents who have used that section of road recreationally for decades.
US politics
US politics
fromPortland Mercury
2 months ago

Councilors Want City to Move Faster on Enforcement of New Detention Center Fee

Portland councilors demand swift enforcement of a new code banning chemical emissions from detention facilities and investigations into tear gas deployments at the ICE site.
New York City
fromwww.amny.com
1 month ago

Top Mamdani deputy mayor doesn't rule out expanding metered parking to help close budget gap | amNewYork

New York City's administration is considering expanding metered and permitted parking citywide to generate revenue for closing budget gaps and funding priorities.
#public-safety-contract
fromSan Jose Spotlight
2 months ago

Follow the money in San Jose's City Council races - San Jose Spotlight

“I'm honored to have received support from so many of my neighbors,” Altwer told San José Spotlight.
US politics
fromwww.berkeleyside.org
1 month ago

No-bid city contracts could be giving Berkeley a bad deal, audit finds

Berkeley has awarded tens of millions of dollars in contracts that weren't subjected to a competitive bid process, according to a new report, which could lead to the city paying too much for goods and services, or create opportunities for corruption. The investigation by the office of City Auditor Jenny Wong found Berkeley often used non-competitive contracts in cases where it should have solicited for other bids, including in two deals for recycling services worth a combined $41.4 million, which are up for extensions soon.
California
California
fromwww.mercurynews.com
2 months ago

Cupertino weighs new taxes while facing down mounting financial pressure

Cupertino may add a 2026 tax measure to offset rising public safety costs and revenue losses, proposing sales, hotel/short-term rental, or parcel taxes.
New York City
fromThe Washington Post
1 month ago

Opinion | European-scale taxation, New York-scale dysfunction

New York City's $127 billion budget has ballooned faster than growth and population, producing very high per-capita spending with middling public outcomes.
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