Finance

Carefully Targeted Cuts Can Help With Managing Covid-19’s Hit to Budgets

COMMENTARY | Cities, counties and states are in some cases making broad spending reductions to manage the financial impacts of the pandemic. That might not be the best approach.

For Cities, Less Traffic Means Lost Revenue

Cities have seen parking fee and traffic fine collections drop during the pandemic as commuters and tourists stay home and enforcement is relaxed.

Proposals Would Help States and Localities With Paid Leave Costs

Congressional lawmakers reintroduced bills that would extend payroll tax credits to state and local governments, to help offset the expense of coronavirus-related leave for their workers.

States to Recoup More Covid Costs From Feds Under Biden Reimbursement Plan

President Biden ordered FEMA to issue retroactive reimbursements to states for National Guard deployments and other costs brought on by the pandemic.

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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.

'We Have Counties in Deep Trouble': Oregon Lawmakers Seek to Reverse Timber Tax Cuts That Cost Communities Billions

For decades, corporate timber benefited from tax cuts that devastated local budgets. Lawmakers want change and have filed dozens of bills, making this one of Oregon’s most consequential sessions for forest policy.

47 States Reach $573 Million Opioid Settlement with McKinsey

States will receive the majority of the money they are owed from the consulting firm within 60 days.

Toward a More Inclusive and Resilient Economic Development Paradigm

COMMENTARY | As economic development leaders look for ways to stimulate growth in the wake of Covid-19, they should embrace strategies centered on resilience and inclusivity.

Republicans Leave Direct State and Local Aid Out of Scaled-Down Covid Relief Pitch to Biden

President Biden met Monday evening with 10 GOP lawmakers backing the $618 billion proposal.

Biden’s Pause on Oil Leases Could Squeeze State Budgets

But experts caution that it’s hard to know at this point what the financial toll could ultimately look like.

The Cities That Finished Last Year With Steep Declines in Rent Prices

Data shows rents fell in cities known for high housing costs, and ticked up in some nearby areas and mid-sized markets.

Treasury Nominee Voices Support for State and Local Relief Funding

Janet Yellen also said during a confirmation hearing that a cap on the federal deduction for state and local tax payments should be studied more before any changes are made to the policy.

Biden Plan Would Direct $400 Billion to Vaccine, Public Health Initiatives

The president-elect’s $1.9 trillion plan includes funding for a national Covid-19 vaccination program, expanded testing capacity, and safety measures to help reopen schools.

Biden Calls for $350 Billion in State and Local Aid as Part of Massive Stimulus

The president-elect released details on Thursday for a $1.9 trillion coronavirus relief package.

More State and Local Job Losses in December

The total number of jobs lost in the state and local public sector is now approaching 1.4 million. December was also a grim month for leisure and hospitality employment.

Poverty Grows Despite Economic Recovery

Some jobless workers have been excluded from unemployment benefits.

Timber Tax Cuts Cost Oregon Towns Billions. Then Polluted Water Drove Up the Price.

Rural communities in Oregon paid millions of dollars for clean, safe drinking water because the state didn’t protect their watersheds from logging-related contamination.

States Expect Delay of Federal Unemployment Payments

The late passage of the coronavirus relief package and new requirements for verifying benefits are complicating the rollout of payments by state unemployment agencies.

These Cities Tried to Tackle Disinvestment. Here Are Lessons From What Happened.

Local governments have made efforts to revive commerce in neglected Black neighborhoods around the country. It hasn’t always worked. But cities can learn from their experiences.

California Bond Program Helps Cities Secure Middle-Income Housing Without Upfront Cost

There is far too little housing throughout the state for the so-called "missing middle," people who make too much money for most subsidized housing, but not enough to afford market rates.