Martin Z. Braun

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New Jersey, California Dodge Worst Of Tax Crisis In 'Weird Recession'

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State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown.

States Pull Back On Pension Payments As Virus Ravages Revenue

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The pension contribution cuts are setbacks for states that enacted reforms in the aftermath of the Great Recession.

Insurers Seen Boosting Muni Stakes As Yields Surpass Corporates

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Insurers can get bigger yields on munis even though they have higher ratings and much lower default rates.

New York Sees Push To Tax Stock Trades With Revenue In Free Fall

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Such a tax would raise an estimated $13 billion a year for the city.

Home Of The Hamptons Faces Fiscal Crisis With Sales Tax Plunging

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The pandemic is exposing the Suffolk County government’s fragile finances and tipping it into a budget crisis.

Connecticut Governor Says Days Of Commuting To NYC May Be Over

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Wall Street chief executives have said all of their workers might not return to offices full-time.

Jefferson County Bankruptcy Foreshadows Fate Of Cities In Crisis

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Surging unemployment and business closures are causing government revenue to plunge nationwide.

Public Pensions Swoon In Worst Quarter Since Financial Crisis

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The coronavirus hit almost every asset class.

U.S. Public Pensions Gained As Lower Rates Drove Stocks Higher

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U.S. state and city pensions earned a median 6.1% return during the second half of 2019.

The SALT Cap Fuels A Wealth Exodus From High-Tax States

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The wealthy are fleeing New York, California, Connecticut and New Jersey for lower tax states like Florida.

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