Mayor Brandon Johnson's $16.6 billion spending plan for 2026 was dealt a major blow on Monday, as a key City Council committee voted down his plan for roughly $600 million in new taxes.

Cuyahoga County is nudging up projections for its sales tax revenues to offset added costs and balance the budget for 2026 and 2027.

Finances might feel tight now, and that is unlikely to change in 2026 with signs of inflation remaining high and new tariffs potentially increasing costs.

One day after the Pennsylvania House and Senate passed a $50 billion budget, Gov. Josh Shapiro echoed what many lawmakers said in Harrisburg: that this was a big compromise. According to Gov. Shapiro, money is already flowing to schools and communities that have been waiting more than four months for funding.

Students at Whitman-Hanson school walked out of class, speaking out against the layoffs of 23 district staff members due to a $1.39 million budget deficit.

Rachel Reeves is reportedly expected to introduce a ‘milkshake tax’ in next week’s Budget as she tries to plug the gap in the public finances.

The U-turn also makes the chancellor’s task at the Budget all the more treacherous for the UK economy. Reeves still needs to find as much as £30bn to meet her main fiscal rule to balance the current budget by 2029-30 and substantially improve her existing,

Hughes, elected to succeed outgoing District E councilman Oliver Thomas, currently is a member of the Louisiana House of Representatives, where he serves on the powerful Appropriations Committee, the key budget panel.

Passed with a 156-47 vote in the House and a 40-9 vote in the Senate, the $50.1 billion package, Gov. Josh Shapiro signed the plan Wednesday, ending a more-than-four-month impasse.

Companies have pledged to invest 9.2 billion euro ($10.7 billion) in France, the finance ministry said on Monday, as the government seeks to show the euro zone’s second-biggest economy remains a top business destination despite political turmoil.

China’s broad fiscal spending slumped in October by the most since at least 2021, crippling a key driver of investment and economic growth.