Senate Democrats in Washington are advocating for new taxes to address a looming $16 billion budget shortfall, as revealed in a leaked email sent by Sen. Noel Frame (D-Seattle). The email, sent shortly after Governor Jay Inslee’s announcement of the shortfall, outlines additional taxes beyond those proposed by Inslee, which include a new wealth tax, a temporary 20% business surcharge, and an increase in business and occupation (B&O) tax rates.
President-elect Donald Trump will reportedly pull the United States out of the World Health Organization (WHO) on the first day of his administration, the Financial Times reported.
As North Carolinians prepare for the Christmas holiday, the price of unleaded gasoline is a few dimes lower than the national average, offering some relief to those hitting the road. On Friday morning, the average price for a gallon of regular unleaded gasoline in North Carolina stood at $2.83, compared to the national average of $3.05, according to the American Automobile Association (AAA).
Mayor Brandon Johnson’s revised 2025 Chicago budget proposal, the fourth draft, has eliminated plans for a property tax increase and unpaid furlough days for city employees, following resistance from the Chicago City Council.
The U.S. Supreme Court has agreed to hear the case Catholic Charities Bureau, Inc. v. Wisconsin Labor Review Commission et al., which involves the Catholic Charities Bureau's request for a religious tax exemption in Wisconsin.
Illinois’ pension crisis continues to deepen, with the state's unfunded pension liability reaching $143.7 billion, according to the latest report from the Illinois Commission on Government Forecasting and Accountability (COGFA). This figure is $1.5 billion higher than last year and marks the second-highest total since 2020, when the liability hit $144.2 billion.
