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Stock impact report

Nationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already By and The Associated Press By and The Associated Press March 4, ...

Southern Company (The) (SO) 
Last southern company (the) earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Fortune
But some states' tax-cutting zeal is hitting political resistance to slashing local government and public school funding. Recommended Video National experts say it's a property tax revolt — comparing it to earlier backlashes, including the one that led to California's Proposition 13 , a 1978 initiative that limited property tax rates and how much local governments could increase property valuations on homes for tax purposes. Like then, rising home values have driven higher property tax bills. “The overwhelming trend across the states is relief for residential property owners,” said Manish Bhatt of the Tax Foundation, a Washington, D.C., group that studies taxes. New proposals have been debated in recent weeks to cut taxes in Iowa, Kansas, Michigan, Missouri, Oklahoma, South Dakota and Wisconsin. In some of those states, the debate is likely to play out for months. While political pressure from angry homeowners is likely to keep some legislatures on track to cut property taxe Show less Read more
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