Tag: government_finance
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Department of War Launches National Security Fund to Bolster Critical Minerals Supply
The Department of War's Office of Strategic Capital introduces the National Security Fund Finance program to address critical mineral shortages. This initiative, backed by President Trump, aims to strengthen U.S. national security and industrial independence.
Politics and GovernmentBusinessFederal GovernmentGeneral PoliticsEconomyFinancial MarketsMilitary U.S. Department of WarOffice of Strategic CapitalNational Security Fund FinanceCritical MineralsNational SecurityDonald J. TrumpGovernment Finance
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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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U.S. State Tax Revenue Undergoes Major Transformation Over 123 Years
New U.S. Census Bureau data highlights a dramatic 123-year evolution in state tax revenue. Once absent, sales and income taxes now dominate state coffers, accounting for over 79% of revenue by 2025, a significant shift from 1902.
Politics and GovernmentBusinessEconomyState GovernmentsFederal Government U.S. Census BureauState TaxesTax RevenueSales TaxIncome TaxGovernment FinanceEconomic Data
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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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U.S. Treasury Announces Marketable Borrowing Estimates for Second and Third Quarters of 2026
The U.S. Department of the Treasury projects $189 billion in net marketable borrowing for the April-June 2026 quarter and $671 billion for the July-September quarter, adjusting previous estimates due to shifting cash flows.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial Markets U.S. Department of the TreasuryMarketable BorrowingNational DebtBusiness and FinanceGovernment FinanceSOMAUS Treasury