What We Don’t Know About Sanctuary Cities’ Funding, New Reasons to Save and More

http://www.governing.com/subscribe/?promo_code=gt_mag_email_newsletterheader View Newsletter in Browser https://marketing.erepublic.com/acton/ct/16245/s-1361-1701/Bct/q-1c29/l-sf-contact-0013:10ac94/ct1_1/1?sid=TV2%3AHDDE4VAUF https://ad.doubleclick.net/ddm/clk/315784122;143921686;i http://www.governing.com to Governing Magazine & Newsletters http://www.governing.com/subscribe?promo_code=newsletter&elqtrack=true on Facebook http://www.facebook.com/governing?elqtrack=true / Twitter http://twitter.com/governing?elqtrack=true / LinkedIn http://www.linkedin.com/groups?gid=54800&elqtrack=true What We Don’t Know About Sanctuary Cities’ Funding, New Reasons to Save and More http://www.governing.com/week-in-finance/gov-finance-roundup-sanctuary-cities.html By Liz Farmer http://www.governing.com/authors/Liz-Farmer.html On Wednesday, President Donald Trump took his first move to defund cities that refuse to cooperate with federal efforts to deport undocumented immigrants. Trump signed an executive order directing the Secretary of Homeland Security to look at federal grant funding to cities “to figure out how we can defund those streams," said White House Press Secretary Sean Spicer. Many of the nation’s largest cities — including Chicago, Los Angeles, New York City and San Francisco — are immigrant sanctuaries and have said they won’t back down from their policy. “We are going to fight this, and cities and states around the country are going to fight this," said New York Mayor Bill de Blasio at a press conference after the executive order. Federal funding makes up roughly 5 to 10 percent of most mid- to large-sized city budgets. There is no collective data on this topic, but looking at estimates from a handful of cities, the larger cities tend to get more in federal aid. New York City, for example, says it gets more than $8.5 billion in federal aid, which represents a little more than 10 percent of its total budget. There are, however, two big unknowns here: Whether Trump has the constitutional authority to selectively strip funding and how much in funding is at stake. Keep Reading >> http://www.governing.com/week-in-finance/gov-finance-roundup-sanctuary-cities.html#continued ADVERTISEMENT https://ad.doubleclick.net/ddm/clk/315794231;143923019;c MORE FINANCE NEWS & COMMENTARY Despite Budget Shortfalls, Some Governors Call for Tax Cuts http://www.governing.com/topics/finance/gov-despite-budget-shortfalls-governors-call-tax-cuts.html In addition to new tax breaks, some states are also considering raising gas and sin taxes. State Budgets Aren’t Accounting for Obamacare Repeal http://www.governing.com/topics/health-human-services/gov-state-medicaid-budgets-obamacare-repeal.html In planning their finances for the year, governors are counting on health care to remain the same. But if it doesn’t, states could suddenly be on the hook for billions of dollars. Trump’s Freeze on EPA Grants Leaves States Scrambling http://www.governing.com/topics/transportation-infrastructure/Trumps-Freeze-on-EPA-Grants-Leaves-States-Scrambling-for-Funds.html The order has thrown agency programs into a state of uncertainty as budgets and priorities are reviewed. Study: More Corrupt States Have Higher Public Debt http://www.governing.com/topics/finance/gov-public-corruption-higher-debt-research.html The link between corruption and debt is particularly prominent for private projects, such as stadiums. Home Values Are Almost Back to Pre-Recession Prices http://www.governing.com/topics/finance/gov-where-home-values-climbed-in-2016.html But as prices climbed, housing inventories have shrunk, making the market less attractive to homebuyers. See how your metro area compares. Should Tax Collectors Be Loan Collectors? http://www.governing.com/gov-institute/voices/col-property-assesed-clean-energy-program-local-government-loan-servicers.html Investors love a federal green-energy program for property owners. But if there’s a backlash, localities could be caught in the middle. ENJOY THIS NEWSLETTER? Governing has 10 others delivering news and commentary on a wide range of topics straight to your inbox. SUBSCRIBE FOR FREE TODAY http://www.governing.com/subscribe/newsletters?promo_code=gov_enews_daily This email was sent to blog0032.aree345@mail.ulasu.com. Unsubscribe blog0032.aree345@mail.ulasu.com&newsletter=157″ >http://cms.erepublic.com/common/subscriptions/unsubscribe?email=blog0032.aree345@mail.ulasu.com&newsletter=157 | Opt out of all e.Republic email http://marketing.erepublic.com/acton/rif/16245/s-1361-1701/-/l-sf-contact-0013:10ac94/q-1c29/zout?sid=TV2%3AHDDE4VAUF | Privacy Statement http://www.erepublic.com/privacy/ © 2016 e.Republic. All rights reserved. 100 Blue Ravine Road, Folsom, CA 95630. Phone: 916-932-1300