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State Leaders Debate Budget Surpluses and Taxes

 

originally published by TOBY BURKE for NAIOP National with permission to repost

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Most state governments have emerged from the pandemic-induced economic slowdown with budgetary surpluses because projected revenue losses did not occur.  Losses in tax collections from certain sectors of the economy, such as restaurants, hospitality and entertainment, were offset by the collection of sales taxes from increased internet transactions, along with the $193.5 billion to states under the American Rescue Plan Act of 2021. The State Expenditure Report from the National Association of State Budget Officers notes that, while state expenditures have increased, so have revenues by 12.8% for fiscal year.

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How Inflation Could Influence the Workplace

 

originally published by GARY TASMAN for NAIOP National with permission to repost. 

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Part one of this series began with a discussion on inflation and interest rates, and how we anticipate these factors will influence leasing and development in our market. As we continue the new year with the expectation of slowing economic growth and continued high inflation, we want to take a closer look at how the current economy will influence our working habits — and how commercial property trends will change as a result.

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