A round-up of public finance news stories from the US & Canada you might have missed this week (August 26-30).
Canadian budget ‘mistake' means ‘massive tax hike' for credit unions
The Canadian government has said it plans to fix a mistake in this year’s federal budget that more than doubled the corporate tax rate for credit unions. (thestar.com)
Chicago's residents ‘disturbed' by TIF impact on education
The five Tax Increment Financing districts located in the 39th Ward on Chicago’s far Northwest Side had more than $24m sitting in their collective bank accounts at the start of 2013, city data has revealed. Campaigners say that money would have otherwise been spent on services, such as public schools, were it not for the city’s controversial TIF program, which is intended to spur economic development in ‘blighted’ areas. (Progress Illinois)
No state issue is more hotly debated as Ohio heads toward gubernatorial election season than JobsOhio, the brainchild of Governor John Kasich, and its private sector approach to developing the state economy. But experts say private nature of the scheme makes evaluation tough. (Cleveland Plain Dealer)
Canada seeks plan from postal service to stem big losses
The large losses being racked up by Canada's postal service are of great concern to the government and it wants to see Canada Post's plans for stemming them, officials have said. (Reuters)
University failed to get proper approval for government-backed energy facility, say auditors
Frostburg State University paid for construction of a $2m Sustainable Energy Research Facility without obtaining required approvals from the Board of Public Works, and without requiring the developer to competitively bid construction, according to an audit. (Maryland Reporter)
