State of Tax: NYC Revenue Outpaced, Brewing Giant Seeks Refund

The week in state tax news: New York City is seeing higher tax revenue this year, but not high enough to cover rising expenditures, fiscal officials warned. Meanwhile, Anheuser-Busch wants a Missouri refund on items shipped elsewhere and Catholic Charities asks the Supreme Court to weigh in on the Wisconsin high court’s denial of a tax exemption.

NYC Deficit Keeps Rising Despite Tax Revenue Increase

New York City’s growing tax revenue isn’t enough to offset surging expenses as the city faces its second consecutive operating deficit with more on the horizon city Comptroller Brad Lander announced Thursday.

Expenses like ...