New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers’ property taxes, an unpopular measure he threatened to use to help close a deficit.
Category: NYT Accounting News
US sees smaller April budget surplus on lower tax receipts
Individual and corporate tax receipts dropped in the wake of President Donald Trump’s signature tax cut legislation.
GOP leaders mull gas tax suspension as momentum grows
Speaker Mike Johnson called suspending the federal gas tax “an intriguing idea” but didn’t commit to a timeline as momentum builds in both chambers to take action.
The changing world of government financial reporting
The serious new pressures facing governments of all sizes are changing their financial reporting, says GASB Chair Joel Black.
Trump floats temporary US gas tax halt
President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.
Whitman launches leadership development group
Whitman Advisory, Maxwell Leadership and Lions Pride Leadership partnered to launch a leadership development and coaching company.
Tax noncompliance growing among federal employees, retirees
Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.
Doeren Mayhew adds Miami firm
The Top 50 Firm acquired Miami-based Parlade Schaefer Schortz, expanding its presence in the South Florida market and healthcare sector.
GASB adds projects on digital assets, pensions and benefits
The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.
How CFOs can defuse the time bomb of PTO liabilities
The majority of employees don’t use all the paid time off available to them, so many companies are steadily accumulating a huge line item on their balance sheets.