Finance

It’s Raining Federal Relief Dollars. Here's How State and Local Governments Can Effectively Use Them.

COMMENTARY | Funds flowing from the American Rescue Plan will create challenges for states and municipalities. Here are considerations for successfully managing the influx.

Paying With Cash? Retailers Must Take Your Dollars in These States

For many, requiring the option to use cash is a race and economic equity issue.

The Cities and Counties Getting the Biggest Sums of Federal Aid

The Treasury Department will begin distributing $350 billion in state and local pandemic recovery money this month. Funding for individual localities ranges widely between places, from thousands of dollars up into the billions.

Treasury to Begin Distribution of $350 Billion for State, Local Governments

The guidance released Monday gives governments wide latitude in spending American Rescue Plan funds.

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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.

GOP Governors Move to End Pandemic Unemployment Benefits

The state-level action mirrors a national debate over whether expanded jobless benefits are driving a workforce shortage.

Getting the 'Bosses of Procurement' to Understand its Strategic Value

State procurement departments have been front and center during the pandemic. Once the crisis wanes, focus on procurement may diminish, but officials say it needs ongoing high-level attention.

The Tax Landscape is Changing. Here’s How States and Localities Can Keep Up With a Moving Target

COMMENTARY | As businesses adjust the way they operate in a post-Covid era, state and local governments must re-evaluate how to collect taxes and maximize revenue streams.

A $4.5B Pool of Economic Recovery Funds States, Localities Can Tap Into

The U.S. Economic Development Administration received an influx of Covid relief dollars over the past year that is more than 10 times the size of its usual budget. That money is now flowing as grants.

State 529 Education Account Winning American Families’ Pandemic Savings

COMMENTARY | U.S. households are saving at an historic pace, and new and existing 529 savings accounts are up 14% year over year.

As Influx of Aid Nears, Some Spending Principles For States and Localities to Consider

Billions in federal coronavirus relief payments to states and localities are expected in May. Important choices lie ahead about how to best put the money to use.

Biden Advocates For Sweeping New Federal Investments

The president made the case for his agenda before a joint session of Congress, as he reaches 100 days in office. Many of his proposals have implications for state and local government.

Biden’s American Families Plan Asks States to Pony Up for College, Pre-K

The administration introduced the $1.8 trillion proposal Wednesday that focuses spending on education and child care.

How the Federal Reserve is Increasing Wealth Inequality

The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.

It’s Time to Reject Fines and Fees as a Solution to Budget Problems

COMMENTARY | State and local governments must dramatically reduce their reliance on this hidden regressive system of taxation that worsens racial and economic inequities.

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

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.