Philadelphia Raising Taxes to Close Pandemic-Induced Gap (3)

Philadelphia is overhauling its budget plans and raising taxes to close a budget gap, while North Carolina has enacted tax relief for state businesses. Oklahoma lawmakers, meanwhile, said Monday that they would cut spending to balance the state budget. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Friday’s coverage click here. Here’s a state-by-state roadmap.

Philadelphia Mayor Jim Kenney (D) has overhauled his fiscal year 2021 budget to close a $649 million shortfall caused by the Covid-19 pandemic, imposing big spending cuts and raising taxes on businesses, ...