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Cities Seek More Revenue While States Like Arkansas Eye Tax Cuts

Dec. 3, 2021, 6:33 PM

This week in state tax news: Municipalities are coping with serious revenue challenges that are already leading to interesting tax innovation, Arkansas taxpayers could be treated to a series of income tax rate cuts during a special legislative session, and a family feud over former president Donald Trump’s tax returns broke out in a New York state courtroom.

Like it or not, taxpayers should prepare for a period of new local level taxes and fees as municipalities cope with a tsunami of challenges that will complicate their budgeting processes for many years.

While cities and counties received $110 billion in ...

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