This tax season, the University of Tennessee at Chattanooga (UTC) introduced a new course for students in tax preparation that provides the necessary information and credentials needed to prepare taxes for members of the community.
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Three U.S. Senators who this week endorsed Ohio Republican candidate Jane Timken for U.S. Senate are silent after The Ohio Star reached out to ask about Timken’s alleged mismanagement of Ohio Republican Party (ORP) funds.Â
Tuesday, Senators Joni Ernst (R-IA), Shelley Moore Capito (R-WV) and Deb Fischer (R-NE) endorsed Timken in the hotly contested primary race that includes candidates J.D. Vance, Mike Gibbons and Josh Mandel.Â
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Tennessee continued its trend of growing a financial surplus as the state ranked sixth nationally for its fiscal health, according to Truth in Accounting’s annual Financial State of the States report.
Using numbers that included data from the fiscal year that ended in June 2020, Tennessee had $8.7 billion more than it owed in obligations, amounting to a $4,400 surplus per taxpayer and earning a grade of B in the report, which was released Tuesday.
The state had a $3,400 surplus per taxpayer the year before.
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Michigan budget officials Friday reached a consensus on revised economic and revenue figures for fiscal years 2021, 2022 and 2023.
The state general fund and school aid revenues will total $26.5 billion for the current budget year, exceeding January estimates by $2.2 billion. For the new budget cycle beginning Oct. 1, the agency projected revenues will total $26.6 billion, $1.3 billion more than January predictions.
A majority of that unexpected cash is a byproduct of billions of spending via stimulus checks and boosted unemployment benefits, which led to a spike in personal spending and increased state tax revenues by billions more than previously forecast.
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