Finance

Covid-19 Nomads Heed Pandemic Call of the Road

States want to attract well-heeled remote workers.

Justice Department Defends Tax Mandate Provision in Covid Relief Bill

In a court filing, the department responded to a lawsuit filed by Ohio’s attorney general, who said the tax mandate was unconstitutional and encroached on his state’s financial decisions.

House Lawmakers Launch Group to Fight for 'SALT' Cap Repeal

But they face firm Republican opposition and there are no clear signs of support coming from the White House.

Why Wall Street Investors’ Trading California Water Futures is Nothing to Fear – and Unlikely to Work Anyway

COMMENTARY | Futures won’t affect whether there’s water in the hose

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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.

New Treasury Office Will Oversee Covid Relief and Recovery Programs

Billions in state and local government aid is part of the office's portfolio.

Cities Prepare to Spend Historic Sums of Federal Aid

In addition to filling budget gaps, they're looking at longer-term recovery programs focused on areas like housing and job training.

Small Business Owners Can’t Find Qualified Workers, Survey Finds

The National Federation of Independent Business says the pandemic and increased unemployment benefits are keeping people out of the labor market.

Could Online Sports Betting and Gambling Help Close State Budget Shortfalls?

COMMENTARY | Taxes on online betting and gambling can help government leaders boost their budgets and create sustainable economic growth.

Alternatives to Juvenile Justice Probation Growing in Many States, Report Finds

Research by the National Conference of State Legislatures shows that states are turning to more effective programs that incentivize and mentor young offenders rather than punish them.

The Case for Luxury Housing

COMMENTARY| New market-rate development helps relieve pressure on local housing prices.

Biden's Budget Would Up Spending on State and Local Programs

The president's initial fiscal 2022 blueprint, released Friday, calls for a 16% federal spending increase on a broad slate of domestic programs. Republicans swiftly criticized the plan.

Best Market for First-Time Homebuyers is in the Middle of Illinois, Report Finds

A new report from the National Association of Realtors suggests that mid-sized cities could be the ticket for millennials looking to purchase homes.

HUD Prepares to Distribute $5 Billion to Help With Homelessness

The department released figures Thursday for how much individual states and localities will get from the pot of grant funding, part of the recent federal coronavirus relief package.

Survey: 45% of Parents Want More Options Than College for Their Children

But 54% of parents polled said they want their kids to enroll in college after high school, according to a Carnegie/Gallup poll.

Legal Challenges Mount Against Tax Cut Prohibition in Covid Relief Law

Confusion over the tax mandate embedded in the $350 billion direct aid program for states and localities led Kentucky and Tennessee to file suit.

‘SALT’ Saga Flares as Governors Push to Repeal $10,000 Limit

The latest efforts to restore a federal break for state and local tax payments come as the White House proposes tax policy changes to help fund President Biden's infrastructure package.

Grading State Budget Practices at a Turbulent Time

The Volcker Alliance’s latest state budget report cards come as the pandemic has tested public finances and as historic sums of federal aid flow toward states and localities.

The Wide Gaps Between Minority and White Business Ownership in America’s Cities

A new data tool offers ways to gauge the disparities with businesses in the nation’s largest metro areas. It also includes information on women-owned firms.

Survey: Half of Black and Latina Women on the Brink of Poverty

Women of color said they have had barely enough to pay for food, housing and child care during the pandemic.

States are About to See a Historic Infusion of Funding to Help Entrepreneurs

COMMENTARY | The federal stimulus package provides $10 billion for states to boost the capital available to new businesses. If they don’t invest the money carefully, it will be a missed opportunity.