Finance Committee
Coverage of Finance Committee in the Nexus archive.
- Chicago alders to consider $9.5M wrongful conviction settlement, parking meter lease transfer, The 78 funding
Chicago alders are set to consider a $9.5M wrongful conviction settlement, a parking meter lease transfer, and funding for The 78 as part of the Finance Committee's agenda. The agenda includes discussions on financial and legal matters related to city governance and development.
- US, China should de-escalate from tit-for-tat actions, US lawmaker says
US Senator Steve Daines has urged Washington and Beijing to avoid escalating tensions through tit-for-tat actions, citing China’s recent export controls against American rare earth firms and the Pentagon’s decision to blacklist several Chinese technology companies. Daines is a member of the Senate's Foreign Relations and Finance Committees.
- Mayor Johnson's social media tax generating windfall of revenue amid legal challenge
Chicago is collecting $49.2 million in the first year of Mayor Brandon Johnson’s social media tax, surpassing initial estimates by 58.7%. The tax, targeting companies like Meta and YouTube, faces a legal challenge from NetChoice, which argues it violates First Amendment rights. Officials warn of potential financial losses if the tax is overturned.
- Finance Committee moves to restore daycare subsidies for ultra-Orthodox draft dodgers
The Finance Committee proposes restoring daycare subsidies for ultra-Orthodox draft dodgers by only considering the mother's employment status. The finance and justice ministries oppose this legislation.
- Senate returns Rs1.43bn to exchequer, beats austerity target by 500pc
The Senate returned Rs1.436 billion to Pakistan's exchequer, exceeding its austerity target by 500% through cost-cutting measures like suspending procurement projects, reducing non-essential spending, and digitizing operations. Senate Chairman Syed Yousaf Raza Gilani emphasized fiscal discipline, and the National Assembly Secretariat also saved Rs4.5 billion via austerity measures.