Finance

How local government fraud has—and hasn’t—changed since the pandemic

We spoke to a leading state auditor about how remote work and artificial intelligence are ushering in new kinds of fraud in state and local governments.

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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.

Big districts like Philadelphia ‘gamble’ on higher spending as enrollment falls, study finds

End of federal relief funds means 'all of the big districts at once' face decisions about layoffs and school closures, says Manhattan Institute.

States struggle to help patients navigate insurance hurdle known as ‘step therapy’

Insurers often refuse to cover a specific drug until after the patient has tried cheaper alternatives.

More cities are seeing budget gaps: Here’s what not to do

A growing number of cities are having to make tough decisions this spring in order to balance next year’s budgets.

Financiers plan to launch a Texas-based stock exchange

The group announced Wednesday it raised $120 million in capital to start a CEO-friendly stock exchange that aims to capitalize on discontent over new rules and rising compliance costs at Nasdaq and NYSE.

Connect with state & local government leaders

States beg insurers not to drop climate-threatened homes

Property insurance companies say they’re taking losses amid escalating disasters.

Can cash payments reduce childhood poverty?

Money may not be able to buy happiness, but observers say it could help protect some of the nation’s most vulnerable: children living in poverty.

Universities try 3-year degrees to save students time, money

As states explore shorter degrees, some faculty say they undercut students’ education.

Safety-net health clinics cut services and staff amid Medicaid ‘unwinding’

Nationwide, health centers that serve low-income communities face a financial storm created by a sharp rise in the cost of care, a tight workforce and now fewer insured patients.

Utah’s largest teacher union files lawsuit against state's school choice voucher program

The lawsuit argues the voucher program violates several provisions of the Utah Constitution that require the state to establish an education system equally accessible to every child. It comes amid an expansion of these programs nationwide.

Challenge-based procurement ‘just makes sense’

New York City is trying out a new approach to government procurement, whereby the city seeks solutions to its problems instead of prescribing them.

How do women in the public sector assess their retirement security?

New data shows that younger female workers are more worried than men about saving enough.

Shiny new things and public priorities

COMMENTARY | The economic growth and civic pride benefits of new stadiums are not enough to compensate for the required public financial commitment.

California is about to tax guns more like alcohol and tobacco—and that could put a dent in gun violence

COMMENTARY | Gun deaths and injuries aren’t just tragic—they’re expensive, too.

How ‘kitty cats’ are wrecking the home insurance industry

Supercharged thunderstorms and tornadoes are ravaging the Midwest, driving insurance costs to record highs.

State Medicaid costs poised to surge from pandemic lows

State costs rose by 13% in fiscal 2023 and are expected to increase by an additional 17.2% in fiscal 2024 thanks to the phaseout of enhanced federal aid, provider rate increases and slowing but still elevated enrollment levels.

Why income discrimination laws hurt poor renters

COMMENTARY| Laws that ban discrimination against voucher holders can push smaller landlords out of the low-income housing market, decreasing the amount of affordable housing.

Neediest areas are being shortchanged on government funds

COMMENTARY | A recent study of the Community Development Block Grant program showed that neighborhoods with the largest share of low- to moderate-income families were less likely to receive CDBG funds than communities that were closer to the 51% threshold.

State, local govs crack down on menthol cigarettes by pumping prices up

Setting minimum retail prices and increasing taxes can help officials address public health concerns surrounding menthol cigarettes.

As property tax bills rise, states look for long-term solutions

Lawmakers in the Mountain West seek to provide permanent tax relief without harming local revenue.