NYC Education Funding Debate: Mayor Faces Pressure for Increased Budget Allocation Progressive Caucus and Parents Rally for More Education Funding in New York City According to CBSNews, as tension heats up between Mayor Eric Adams‘ team and the City Council over school money, Chancellor David Banks faced tough questions during a Wednesday meeting. Even though … Read more
Taxpayers are being cautioned to double-check their tax codes to prevent potentially overpaying the HM Revenue & Customs (HMRC). An error in your tax code could result in incorrect deductions from your salary or pension, leading to financial strain or unexpected bills. Tax codes, comprised of numbers and letters, are assigned by HMRC based on … Read more
A coalition of critics, comprising representatives from business, labor, and government sectors, is calling for an investigation into New York state pension funds over potential connections to third-party legal lending. The coalition has urged state Comptroller Tom DiNapoli and city Comptroller Brad Lander to delve into whether their pension funds are inadvertently supporting what they … Read more
Missouri Lawmakers Pass Vital Medicaid Funding Bill Amid Hard-Right Senate Battle: Key Takeaways Missouri Lawmakers Overcome Hard-Right Opposition to Renew Medicaid Taxes: What You Need to Know Missouri lawmakers have reached a crucial agreement by passing a bill to renew key taxes funding the state’s Medicaid program marking the end of a protracted battle with … Read more
Community development organizations in Massachusetts are pushing for the permanent extension of a tax credit set to expire next year, alongside advocating for health-focused initiatives in the state’s housing sector. Governor Maura Healey’s housing bond bill, currently under consideration by the House, includes provisions to make the community investment tax credit permanent. This tax credit, … Read more
Social Security’s 2025 COLA Rises to 3.2% Amid 3.4% Inflation, Medicare Premiums Pose Threat Social Security 2025: Higher COLA at 3.2% May Be Offset by Rising Medicare Part B Premiums Social Security recipients are facing a mixed financial outlook for 2025 as the latest estimate for the cost-of-living adjustment (COLA) has increased to 3.2% reflecting … Read more
NYC City Council Considers Law for More Oversight on Mayoral Appointments Potential Power Struggle: Mayor Eric Adams Faces Opposition Over Key Appointments According to the NYPost, City Council Speaker Adrienne Adams suggested a new law to give the council more say over who Mayor Eric Adams picks for important jobs in New York City. They … Read more
Unemployment claims in South Dakota have shown a promising decline, standing in contrast to the national uptick in jobless filings. According to the U.S. Department of Labor’s latest report, initial claims for unemployment benefits decreased in the state for the week ending May 4. The data revealed that new jobless claims, serving as an indicator … Read more
Federal Student Loan Interest Rates Surge for 2024-25 Academic Year: Impact on Borrowers and Biden’s Response Rising Federal Student Loan Interest Rates: Challenges Ahead for College Affordability Borrowing to pay for college is set to become significantly more expensive for the upcoming 2024-25 academic year with federal student loan interest rates reaching their highest levels … Read more
Robert Smith’s $35 Million Morehouse Loan Gift: Tax Considerations and Philanthropic Impact From Tax Scrutiny to Student Debt Relief: Robert Smith’s Journey and the Student Freedom Initiative According to Finurah, in May 2019, Robert Smith, a very rich man, did something amazing. He paid off all the student loans for the graduates of Morehouse College, … Read more