Finance

This Week in Federal Funds

This week, we talk with Eryn Hurley of the National Association of Counties about county-city collaboration for investing the relief funds and look at the guaranteed income programs that are gaining traction.

How Local Governments Can Help Minority-Owned Businesses Gain Access to Public Contracts

Procurement of goods and services by localities totals $2.5 trillion annually, but people of color struggle to gain access to lucrative public contracts, according to the National League of Cities.

This Week in Federal Funding

In the latest edition, we talk with urbanist Bruce Katz about ways local governments can strategize to take full advantage of new federal dollars and why he made a comparison between pandemic aid and the Amazon HQ2 competition.

The Accounting Burden for Spending Federal Stimulus Funds

Localities and states have a variety of challenges coming out of the pandemic. But one concern is widespread: how to stay on top of the financial reporting requirements of the American Rescue Plan Act.

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Eliminate Manual Processes Route and Approve Invoices from Anywhere

Today’s finance teams carry a heavy burden, supporting everything from growth strategies to long-term planning – all while continuously delivering monthly and quarterly numbers and keeping cash flowing. But even as demands on finance departments grow, many still spend excessive time using paper, spreadsheets, and e-mails to process vendor invoices, approvals, and payments.

City Centers Bouncing Back, Lifting Property Taxes and Other Revenues

But downtowns won't hit pre-pandemic levels for a few years as employee continue to work remotely and shop and dine out less.

Replacing a Government Employee Can Cost 150% of Worker's Salary

COMMENTARY | Public-sector organizations devote considerable resources to hiring, but they often overlook retention and its "evil twin" turnover. Analyzing data and acting on it can help.

Feds Reveal Programs For $3B in Local Economic Development Funds

State and local governments will have access to the money, which is flowing from the Economic Development Administration.

Legislators and Governors Battle Over Who Spends the Rescue Act Money

Power struggles between the executive and legislative branches are nothing new, but they are particularly vigorous with $350 billion in federal dollars at stake.

This Week in Federal Funding

In the July 20 edition we check in with the state and local lead for the Pandemic Response Accountability Committee, a federal watchdog overseeing ARPA programs. Also: the outlook for broadband spending and updates from Massachusetts and Maine.

The Many Flavors of 'Transformative' State and Local ARPA Spending

Transformative government projects using American Rescue Plan Act funds can run the gamut from improving a local park, to spending tens of millions to alleviate homelessness.

Why There’s Rising Interest in Giving More Updates to Bondholders

Investors and others would like to see more timely information about developments with municipal borrowers’ finances. “Voluntary disclosure” can help, experts say.

Judge Declines to Block ARPA Tax Cut Mandate Before Case is Heard

At least six lawsuits are challenging the legality of a provision included in the American Rescue Plan Act that prevents states from using federal relief funds to offset tax cuts.

How State Finances Fared During the Covid-19 Crisis

A new survey of budget officials shows that economic activity and tax revenue improved or fully recovered for most states by the end of 2020.

Judge Blocks Maryland from Cutting Federal Unemployment

Twenty-six states plan to stop providing supplemental $300-a-week unemployment payments before the program ends in September. Jobless workers in five states have challenged the decisions.

This Week in Federal Funding

In the July 13 edition we talk with Erie County, New York executive Mark Poloncarz about plans there for $124 million in recovery spending. And we have a roundup of ARPA action in Alabama, Virginia, Milwaukee and St. Louis.

Best and Worst States for Job Opportunities

South Dakota tops the list while Kentucky is No. 50 based on an analysis using 35 economic metrics.

How Local Governments Can Spend Their Federal Funds to Boost Equity

Several county leaders and others offered suggestions for helping communities most in need using American Rescue Plan Act funds at the National Association of Counties annual conference.

The Hemp Boom is Over. What Now?

Farmers facing low hemp CBD prices are storing their plants and hoping to someday sell them for a higher price.

Best and Worst States to Retire In

The top states for retired people age 60 and older have affordable homes, lower costs of living and crime rates and higher life expectancies, according to a recent analysis.