Warsh’s first House hearing spotlights Fed independence and inflation
House Financial Services set Kevin Warsh’s July 14 monetary-policy hearing, putting rates, inflation, and Fed independence in focus.
Finance
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Boston adopts $4.9B FY27 budget after tense fight
Boston MA – City Council accepted Wu’s amended FY27 budget on June 24, restoring some neighborhood programs while health insurance costs still strain spending.
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July 4 gas prices are easing, but holiday drivers still face a costly weekend
United States Prices and Inflation Watch – Gasoline is cheaper than late spring, but 72.2 million July 4 travelers still face a costly fill-up.
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Carrizo Springs water rehab still under review; 71.367M gal leaks/year
Carrizo Springs’ Water System Rehabilitation and Expansion Project remains “under review.” City and federal documents cite 71.367M gal/yr leaks and $25M+ costs.
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Cohasset schools set bus fees, June 30 cutoff as FY27 budget talks continue
Cohasset Public Schools is charging $450 bus fees, a $50 late charge after June 30, and keeping FY27 budget talks and an override review moving.
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Chandler adopts $1.87B FY 2026-27 budget, lowers primary tax rate again
Chandler’s adopted $1.87 billion budget cuts the primary property tax rate again, keeps the city sales tax at 1.5%, and funds a 10-year capital plan.
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Treasury sets Trump Accounts default fund before July 4 launch
United States Evening Breaking National Update – Treasury named a default S&P 500 fund for Trump Accounts and outlined a new stock-contribution process before the July 4 rollout.
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Houston’s credit outlook turns stable after budget changes
Houston TX — S&P revised the city’s general-obligation outlook to stable on June 25 after budget changes narrowed the FY2027 gap, but the fix still has to hold.
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Currituck bridge audit raises a $1.1 billion funding question
A state audit says the Mid-Currituck Bridge now carries a $1.118 billion price tag, a $702M-$832M gap, and no start before June 2028 for now.
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U.S.-Iran Doha talks stay indirect as Strait of Hormuz risk remains
World Global Priority Scan – Doha talks stayed indirect, with Qatar mediating and the Strait of Hormuz still the key risk to shipping and energy.
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Cookeville adopts FY27 budget with no property tax increase
Cookeville adopted its FY27 budget June 18, keeping the property tax rate essentially flat while funding staffing, capital work and CRMC.
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Port St. Lucie ranks No. 1 among midsize housing markets for buyers
ConsumerAffairs ranked Port St. Lucie the top midsize housing market for buyers, but monthly costs still hinge on taxes, insurance and HOA fees.
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Lovington seeks temporary accounting help amid audit backlog
Lovington NM – The city is asking for temporary accounting support to finish reconciliations, prep audit records, and meet upcoming reporting deadlines. ([lovington.org](https://www.lovington.org/city-forms-and-documents/procurement/))
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Nashville adopts FY2027 budget, with grocery-tax cut set for fall
Nashville TN – Metro Council has approved FY2027, a $3.85 billion operating budget that begins July 1, adds housing funding, and puts the grocery-tax reduction on a fall timeline.
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Homestead opens FY 2027 budget survey ahead of July 29 workshop
Homestead opened its FY 2027 budget survey and set a July 29 workshop, giving residents two chances to weigh in on city spending priorities.
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Meriwether County moves LHOST property-tax question toward ballot
Manchester homeowners could be affected if Meriwether County voters back an LHOST plan that swaps some property-tax relief for a local sales tax.
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Raleigh approves FY27 budget with 1.7-cent tax hike and public safety hires
Raleigh City Council approved the FY27 budget on June 8. The plan takes effect July 1, adds a 1.7-cent tax hike, and funds new public safety hires.
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San Diego Housing Authority creates $5.9M affordable housing preservation fund
San Diego’s Housing Authority approved a $5.9 million Neighborhood Enhancement Fee transfer to launch a fund aimed at keeping older apartments affordable.
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Jersey City trims proposed tax hike to 15% ahead of July 1 meeting
Jersey City has cut its proposed 2026 municipal tax-rate increase to 15%, with a July 1 special council meeting and July 15 budget plan still ahead.
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Cashiers-area rentals get a Helene recovery funding window
North Carolina opened Renew NC multi-family applications June 25. Jackson County is eligible, so Cashiers-area rental projects can apply through Nov. 2.
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Santa Ana cuts five commissions as Measure X debate continues
Santa Ana cut five advisory commissions while balancing its 2026-27 budget, and the looming Measure X sunset keeps the city’s next fiscal fight open.
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Chicago Public Schools budget roundtables continue as FY2027 gap nears $732.5M
CPS is taking public input on its FY2027 budget through July 13 as families and staff weigh staffing, support services, and school funding priorities.