Yearly Archives

2024

GovGuam Revives 3-Hour Weekly Paid Exercise Benefit

After being halted due to the COVID-19 pandemic, the Guam government employee wellness program, which provides up to three hours per week for employees to exercise, is back in action. Launched on March 19, the program returned with various sports and wellness activities taking place at the University of Guam Calvo Field House. Worksite Wellness…

Chicago Voters Deny Tax Change for Homeless Programs

TL/DR - Chicago voters have rejected a proposed increase to the city's transfer tax on high-value properties, a measure that Mayor Brandon Johnson and progressive Democrats hoped would generate revenue to address homelessness. The referendum sought to raise transfer taxes on properties selling for more than $1 million while lowering the rate on…

Surge in Medicare’s Ozempic & Other GLP-1s Spending

TL/DR - GLP-1 drugs, originally developed to treat type 2 diabetes, are increasingly being used as weight loss medication and have now received FDA approval for use to reduce the risk of adverse cardiovascular events. However, their high annual cost, upwards of $11,000, has raised concerns about the financial impact on Medicare, health insurers,…

IRS Unveils Energy Community Guidelines, Bonus Credit Program Rules

TL/DR - The Internal Revenue Service (IRS) has issued Notice 2024-30, which expands certain rules for determining energy communities for production and investment tax credits. The IRS has also identified additional Metropolitan Statistical Areas (MSAs) and non-MSAs that meet the Fossil Fuel Employment threshold and qualify as energy communities…