Home – Budgets in Brief - July 16 2018

Budgets in Brief - July 16 2018

TRUCKING INDUSTRY SUES RI OVER NEW TOLL SYSTEM

The American Trucking Association and three companies - MASSACHUSETTS-based, convenience-store chain Cumberland Farms; MASSACHUSETTS-based cargo carrier M&M Transport Services; and NEW JERSEY-based New England Motor Freight - have filed a federal lawsuit against RHODE ISLAND over the toll system the state launched last month. The plaintiffs argue that system, known as RhodeWorks, discriminates against out-of-state trucking companies, in violation of the U.S Constitution’s commerce clause. (PROVIDENCE JOURNAL)

LA JUSTICE SYSTEM OVERHAUL SAVES $12.2M IN 1ST YEAR

Last year’s overhaul of LOUISIANA’s criminal justice system, which has reduced the state’s prison population to its lowest level in three decades, has saved the state $12.2 million. That sum is twice the amount of savings that had been predicted for the first year under the new system. (NOLA.COM)

OK SETS REVENUE COLLECTION RECORD

OKLAHOMA took in a record $12.18 billion in taxes over the past year, indicating the state’s “economic engine is hitting on all cylinders,” according to state Treasurer Ken Miller. The revenue haul was $73 million more than the former 12-month record set in February 2015. (OKLAHOMAN [OKLAHOMA CITY])

WI BIGGEST CITIES FACING BILLIONS IN UNFUNDED LIABILITIES

WISCONSIN’s 25 largest cities face $2.25 billion in unfunded liabilities for retired public workers, with a few including Beloit, Racine and West Allis facing obligations of more than $2,000 dollars per resident, according to a report from the Wisconsin Policy Forum. But the report also indicates that all but three of the 25 cities reduced their burden between 2013 and 2016. (WISCONSIN PUBLIC RADIO [MADISON], WISCONSIN POLICY FORUM)

MO GOV SIGNS TAX CUT MEASURE

MISSOURI Gov. Mike Parson (R) signed a measure (HB 2540) that will lower the Show Me State personal income tax rate from 5.9 percent to 5.5 percent Jan. 1. The measure also allows personal income tax rates to drop further to 5.1 percent if the state hits revenue targets in future years. (NEWS TRIBUNE [JEFFERSON CITY])

 

-- Compiled by KOREY CLARK