Tag: fiscal_year_2026
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Social Security Administration Highlights FY 2026 Progress and Accomplishments
The Social Security Administration has shared its progress and accomplishments for Fiscal Year 2026, pointing the public to its advocates page for further details.
Politics and GovernmentFederal GovernmentSocial Issues Social Security AdministrationFiscal Year 2026my Social Security accountfederal agencygovernment benefits
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IRS Reports Record $5.6 Trillion in FY 2026 Collections, Faster Refunds
The agency said the average federal income tax rate fell to 12.6 percent for Tax Year 2025 and that it protected about $38 billion from identity theft refund fraud.
Politics and GovernmentBusinessFederal GovernmentEconomyTaxationLaw EnforcementScience & TechnologyComputers and InternetBanking Internal Revenue ServiceWorking Families Tax CutsFrank J. Bisignanotax refundsidentity theft refund fraudTrump AccountsDonald J. Trumpfiscal year 2026
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Department of War Obligates 97.5% of $152.4 Billion OBBBA Funding Before FY 2026 Close
The Department of War obligated $148.5 billion of the $152.4 billion authorized by the One Big Beautiful Bill Act before Fiscal Year 2026 ended, with the Navy and Air Force each hitting 99.2%.
Politics and GovernmentBusinessMilitaryFederal GovernmentEconomyCongress Department of WarOne Big Beautiful Bill ActJules Wilson Hurst IIIdefense funding obligationFiscal Year 2026Pete Hegsethmilitary modernizationU.S. Department of War
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USPS OIG Special Agents Log 433 Arrests and $250 Million Impact in First Half of FY 2026
The USPS Office of Inspector General says its special agents closed over 730 mail theft cases and secured 433 arrests and 357 convictions or pretrial diversions in the first six months of FY 2026.
Law EnforcementBusinessFederal GovernmentLegalEmployment and Labor USPS Office of Inspector GeneralOffice of Investigationsmail thefthealth care fraudarrestsconvictionsfiscal year 2026
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USPS Watchdog Finds Postal Regulatory Commission Improved FISMA Compliance, But Gaps Remain
USPS Office of Inspector General review of the Postal Regulatory Commission's FY 2026 FISMA compliance finds incremental security gains and all but one prior recommendation closed, with room to improve.
Politics and GovernmentScience & TechnologyUSAFederal GovernmentComputers and InternetLegal Postal Regulatory CommissionFISMAUSPS Office of Inspector GeneralFederal Information Security Modernization Act of 2014fiscal year 2026information securityaudit report
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Virginia Reports Nearly $1 Billion Fiscal Year 2026 Budget Surplus
Virginia Governor Abigail Spanberger announced a $936.3 million general fund surplus for Fiscal Year 2026, with revenues growing 6.7%. The surplus will fund education, healthcare, and public safety, reflecting sound budgeting and a cautious approach to volatile revenue streams.
Politics and GovernmentBusinessHealthGeneral PoliticsState GovernmentsEconomyEducationLaw Enforcement VirginiaAbigail SpanbergerFiscal Year 2026Budget SurplusGeneral Fund RevenuesTax ReceiptsGovernment FinanceReston
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Kentucky Achieves Seventh Consecutive Budget Surplus, Governor Urges Funding Restoration
Kentucky reports its seventh straight budget surplus for FY26, exceeding estimates by $476.6 million. Governor Beshear calls on the General Assembly to use the unexpected revenue to restore funding for critical state programs.
Politics and GovernmentBusinessHealthState GovernmentsEconomySocial IssuesGeneral Politics KentuckyBudget SurplusAndy BeshearGeneral AssemblyFiscal Year 2026MedicaidKentucky Governor's Office
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Nebraska's May Net Receipts Fall Below Forecast, Fiscal Year Shows Growth
Nebraska's May net receipts were $511 million, 7.8% below forecast, due to higher refunds. Fiscal year 2025-26 net receipts hit $6.067 billion, 10.7% higher than the prior year, despite being 2.9% below the revised forecast.
Politics and GovernmentBusinessUSAGeneral PoliticsState GovernmentsEconomy NebraskaGeneral Fund ReceiptsTaxationFiscal Year 2026Revenue ForecastJames R. KammGovernment Finance
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Virginia General Fund Revenues Up 6.5% Through May, Exceeding Forecasts
Virginia's General Fund revenues grew 6.5% year-over-year through May, exceeding forecasts by 2.9%. Governor Spanberger announced the strong position for a surplus, while acknowledging inflationary concerns and directing a new forecast for future budget planning.
Politics and GovernmentBusinessState GovernmentsEconomyGeneral PoliticsEmployment and Labor VirginiaGeneral Fund RevenuesGovernor Abigail SpanbergerFiscal Year 2026Economic ForecastInflationState BudgetReston