Sentences with phrase «local and state government revenues»

[Raleigh, N.C.]-- Wake County's nonprofit arts and culture industry generates more than $ 557 million in annual economic activity — supporting 19,873 full - time equivalent jobs and generating $ 56,205,000 in local and state government revenues, the United Arts Council of Raleigh and Wake County announced today.

Not exact matches

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

State and local governments are reporting higher revenue as the economic recovery gains traction.

This production generates billions of dollars in revenue for state and local governments and the U.S. taxpayer, while supporting hundreds of thousands of jobs.

The study's authors say they used the same methods researchers developed in a 2009 report titled «State and Local Government Sales Tax Revenue Losses from Electronic Commerce,» compiled by business professors at the University of Tennessee.

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an increase in the prepayment of income and property taxes as some high - income residents sought to take advantage of deductions that will be sharply reduced in 2018.

«One thing is for sure,» the reports says, «state and local governments face large fiscal uncertainties and state forecasters are struggling to sort out various impacts of the TCJA on the state tax revenues.»

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an...

The Rockefeller Institute of Government, which released a new state revenue report on Monday, said that «The Tax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.»

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

These retirement tax breaks amount to a significant loss of tax revenue for federal, state, and local government budgets.

Almost all revenue from taxes on property in the United States is collected by state and local governments.

With proper policies that foster growth and local input, the Department provides opportunities for new jobs and revenue for state, local, federal, and Tribal governments.

In 37 states, pension contributions plus state - funded Medicaid grew by more than state and local government tax revenue between 2007 and 2014, in real per - capita terms.

While property taxes in the state serve as an important source of revenue for local governments and public services (including public education) the average Alabama homeowner pays just $ 550 per year in property taxes.

«Second, federal, state and local governments need the capital gains - related tax revenue produced by the artificially propped - up stock markets.

If schools want to offer competitive foods, the revenue from the sales of such food (and any non-federal revenues that state or local governments or school districts choose to provide) should cover the costs, without federal cross-subsidies.

While highlighting some of the unhelpful provisions in the Constitution, Governor Ambode attributed the imbalance in the financial resources of States and Local Governments to the current unhealthy revenue sharing formula which is heavily tilted in favour of the Federal Government.

The state's economic development czar made the case to Long Island executives that Cuomo's START - UP NY tax - free zones for businesses will likely boost the economy and won't reduce tax revenue collected currently by state and local governments.

ttributed the imbalance in the financial resources of States and Local Governments to the current unhealthy revenue sharing formula which is heavily tilted in favour of the Federal Government.

The Rockefeller Institute of Government released a report finding that state and local government tax revenues continue to grow at an extremely Government released a report finding that state and local government tax revenues continue to grow at an extremely government tax revenues continue to grow at an extremely slow pace.

The 1999 Constitution provides for the establishment by each state of the said account into which shall be paid all revenues due to local governments of that state from the Federation Account and from the state government.

«Unfortunately, the lack of oversight from local governments have led to instances of favoritism and lost revenue for the state,» Avella said.

For the purpose of uniformity, accountability and transparency, members from Revenue Mobilisation Allocation and Fiscal Commission who have representatives from every state of the federation were recommended, as umpires and arbiters of the Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation Commistate of the federation were recommended, as umpires and arbiters of the Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation CommiState Joint Local Government Accounts Allocation Committee.

By restoring state revenue sharing to former levels to pay for unfunded state mandates, which are driving many cities, towns, and counties toward bankruptcy, New York's local governments could fully fund their services and still cut their highest - in - the - nation property taxes.

The agreement would grant the Oneida Nation exclusive rights to casino gaming in Central New York in exchange for sharing a portion of gaming revenues with the state and local governments.

The budget document itself is based on the State - mandated Uniform Accounting System for New York State Local Governments, and provides a line - by - line accounting of all County revenues and expenditures.

Furthermore it also causes local and state government to lose profitable tax revenue.

«These local sales tax revenues enable counties and other local governments that also receive a share of these revenues, to pay for state mandated programs and provide critical local services that would disappear,» Acquario stated.

«The proposed amendment to section 9 of article 1 of the Constitution would allow the Legislature to authorize up to seven casinos in New York State for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated.

Lawlis and her boss, County Clerk Nina Postupack, were convinced that what some considered the «Magoo mandate» was yet another revenue - grabber by the state to extract money from local government.

And between January 2016 and March 2017, state and local governments in Washington and Oregon collected more than $ 80 million and $ 75 million, respectively, in tax revenAnd between January 2016 and March 2017, state and local governments in Washington and Oregon collected more than $ 80 million and $ 75 million, respectively, in tax revenand March 2017, state and local governments in Washington and Oregon collected more than $ 80 million and $ 75 million, respectively, in tax revenand local governments in Washington and Oregon collected more than $ 80 million and $ 75 million, respectively, in tax revenand Oregon collected more than $ 80 million and $ 75 million, respectively, in tax revenand $ 75 million, respectively, in tax revenue.

Local taxes would be lowered through increase state aid for schools and revenue sharing with local governmLocal taxes would be lowered through increase state aid for schools and revenue sharing with local governmlocal governments.

With $ 30 billion more in state revenue, we could restore full funding for public schools and colleges, pay for the state mandates on local governments through increased revenue sharing, cut regressive local property and sales taxes, and build the infrastructure and services of the Green New Deal.

The casino legislation offers new details, like the rates of taxation for the gambling centers, which would be set at 25 % of profits, and lays out how the revenues would be distributed to state and local governments.

Lagos State under Fashola have generated internally about N2 trillion, N592 billion from taxes alone, besides Federal Government Allocations, foreign and local loans, and other endowments for 4 years, i.e. N36 billion internally generated revenue every month which translates into N432 every year, for 4 years.

«There was a decrease in gross statutory revenue of N626, 124,654.90 and N553, 342,409.08 for the state and local government respectively for the month of September compared to the previous month of August», the statement said.

A «Yes» vote would allow up to seven additional casino sites within the state to promote job growth, increase aid to schools and permit local governments to lower property taxes through the generation of revenue, as the wording of the proposition states.

A recent report by my organization, the Rockefeller Institute of Government found that, nationwide, state and local government revenue this quarter was weaker than the previous fourGovernment found that, nationwide, state and local government revenue this quarter was weaker than the previous fourgovernment revenue this quarter was weaker than the previous four quarters.

This isn't Griffo's first foray into finding alternative sources of revenue for the state and local governments.

In exchange, the state and local governments will get a share of the casino revenue.

Under the agreements, revenue, for the first time, will be shared with the surrounding local and county governments, as well as with the state.

Already he's put in place agreements with the Oneidas in central New York (to the consternation of the Cayuga) and with the Mohawk in the North Country that allows them to retain their exclusivity on casinos, but grants the state and local governments a slice owed revenue.

Tenney has been a vocal opponent of the agreements struck by the state, local governments and the Oneida Indian Nation that created exclusivity clauses in exchange for the settlement of long - standing land claims as well as revenue sharing agreements.

The Oneida Indian Nation signed a deal with the Cuomo administration and local governments that would guarantee them exclusive territory for their central New York casino in exchange for revenue payments to the state of around $ 50 million a year.

Though he doesn't begrudge his fellow local government officials additional cash, Picente says the formula for divvying up casino revenues was struck in a 2013 deal between Madison and Oneida counties, the state and the Oneida Indian Nation, and, in his opinion, can't be changed unless all four of those parties agrees.

«They're going to be looking to the state for that revenue,» McDonald said of local governments and schools.

True federalism is negated by the undue preponderance of power given to the Federal Government to regulate or control the disposition of the common pool of revenue in the Federation Account, particularly as regards (a) the custody of the common pool of revenue, with the power of physical control and physical disbursement implied by custody; and (b) the power given to the Federal Government to prescribe the terms and manner of sharing the common pool of money among the federal, state and local governments.

Advocates also argue it would generate hundreds of millions dollars in new tax revenue for the state and local governments.

However, pollster Steve Greenberg says that when given the specific wording of the amendment on the ballot in November and asked whether they would vote yes or no to approve an amendment to «allow the Legislature to authorize up to seven casinos in New York State for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated,» 55 percent said yes they would approve it, compared to 42 percent who say no they would not.