Chicago’s City Council has approved a $16.7 billion budget for 2026, signaling a pivotal step in guiding the city’s financial outlook. The measure now heads to Mayor Brandon Johnson, reflecting the council’s ongoing push to legislate on major municipal issues.

Unsustainable federal borrowing is already placing the economy on shaky ground. Now, a new plan to hand taxpayers $2,000 from tariff revenue has raised doubts about whether it might worsen the country’s fiscal future.

A recent editorial questions whether property tax cuts should be at the forefront of the legislative agenda. It advises state leaders to consider the long-term economic outlook before finalizing any reduction in taxation.

A recent headline indicates that bond vigilantes, often known for challenging government debt, have been fended off. At the same time, the article cites U.S. debt as emerging as a “surprise winner” despite any skepticism in the market.

Washington stands on edge as Governor Bob Ferguson contemplates the fate of critical tax bills essential to the state’s budget. Lawmakers, lobbyists, and business leaders eagerly await his decision, understanding its profound impact on the state’s fiscal future.

In a decisive move during budget discussions, Kaslo council has approved a nine percent increase in municipal taxes, surpassing staff recommendations. The decision, made on April 15, signals the council’s commitment to addressing the town’s financial needs.

President-elect Donald Trump has declared that any impending government shutdown is President Joe Biden’s responsibility to resolve. Insisting on significant changes to the debt limit, Trump’s demands set the stage for a potential fiscal showdown as funding deadlines approach.