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The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.
July 17 -
The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.
July 16 -
Lawmakers are plowing through a pile of trailer bills, including two tax increases, that must pass to avoid blowing a hole in their $214.8 billion budget.
June 20 -
A tighter cap on local property tax rates for some cities and counties will factor negatively into future bond ratings, analysts warn.
June 13 -
Bills to limit the revenue flexibility of local governments and put more state funding toward schools were driven by a desire to limit property taxes.
June 3 -
Nebraska's largest school district has more than $770 million of unfunded pension liabilities after some pension fund investments turned sour.
May 14 -
School districts dominate the list of 64 issuers seeking $11.2 billion of debt authority.
April 29 -
Texas lawmakers are pushing for legislation to cap local property tax increases, with implications for bond ratings across the state.
February 11 -
An $8.4 billion bounty in state revenue puts Texas in its best position in years to resolve school funding woes.
January 28 -
Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.
January 18