Finance

County Leaders Urge Bipartisan Deal on Federal Covid Relief

“We continue to see too much politicization of a public health care crisis,” said Mark Poloncarz, the Democrat county executive of Erie County, New York, describing the logjam that has prevented additional funding for state and local governments.

States Need Federal Money to Do the Right Thing

COMMENTARY | Bailing out bars and restaurants would allow them to remain closed—and curb the spread of the coronavirus.

Feds Shoot Down Pennsylvania Plan to Funnel Virus Relief Money to School Districts

STATE AND LOCAL ROUNDUP | D.C. transit agency looking at buyouts to avoid 1,400 layoffs … Missouri state Senate postpones session because of Covid outbreak among members … Texas AG controversy continues with whistleblower lawsuit.

States Go After Small Businesses on Amazon—and Sometimes Amazon—for Millions in Back Sales Taxes

The Supreme Court in 2018 gave states the power to make new rules for collecting sales taxes online. But back taxes on products sold by small businesses on Amazon’s marketplace are still a major point of dispute.

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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.

Manufacturing Rallies as Tourism, Energy Lag

Consumers spent money on cars and recreational equipment.

San Francisco Voters Approve ‘Overpaid Executive Tax’

The surcharge will apply to businesses where top executives earn more than 100 times the median pay level for a company’s employees in the city.

Women Gained Back Jobs in October, But Slowly

The unemployment rate for women fell to 6.5 percent, but it remains in high single digits for Black and Latina women.

With the Election Over, Will Covid Stimulus Actually Move Forward?

Sen. Majority Leader Mitch McConnell said Congress needs to approve a coronavirus aid package before the end of the year.

Rejecting the ‘Fair Tax’ Ballot Measure, Illinois Voters Decide to Keep a Flat Income Tax

Illinois voters rejected a ballot measure that would have allowed the state to implement a graduated income tax. Campaigns for and against the initiative together raised more than $120 million.

Judge Rules Cities’ Muni Bond Rate-Fixing Lawsuit Against Big Banks Can Proceed

STATE AND LOCAL ROUNDUP | One Republican governor says he voted for Joe Biden … Federal judge strikes down “public charge” rule … Oil clean up on Maryland and Delaware beaches.

Jobs Recovery Slows for States and Remains Uneven

An analysis by Fitch Ratings found that job growth had slowed for most states as Covid-19 cases and hospitalizations surge across the country.

America Chose Sickness, and Lost the Economy

COMMENTARY | There is no saving the economy without guaranteeing worker health.

West Virginians Were Promised an Economic Revival. It Hasn’t Happened Yet.

The coal industry continues to decline. Natural gas isn’t bringing the prosperity it promised, and now the pandemic has wrecked the state’s economy.

1-in-4 Adults Say Household Finances Deteriorated From March to September

New survey data from the Urban Institute presents these and other troubling findings about how many Americans are faring economically as the coronavirus pandemic wears on.

If You Soak the Rich, Will They Leave?

COMMENTARY | States and cities struggling through the pandemic recession are wondering if higher taxes will raise revenue, or cause a mass exodus.

Report: Amazon Got $741 Million in Tax Incentives to Build 36 Warehouses Around Chicago

STATE AND LOCAL ROUNDUP | Nevada county considers allowing brothels to open for non-sexual escort services … Utah hospitals preparing to ration care … Maine town booms during pandemic.

States Are Getting Close to Spending Down Federal Covid Aid

Two surveys of state and local officials find that states and local governments are using up the money, but that restrictions on how it can be spent have been problematic.

Local and State Governments Spent $9 Billion on Small Business Aid

As the economy cratered during the pandemic, local and state governments offered an important financial lifeline for small businesses, according to a new report.

New Hampshire to Sue Massachusetts Over Income Tax Policy

STATE AND LOCAL ROUNDUP | Michigan governor accuses President Trump of inciting terrorism … Trump administration reverses stance on California wildfire relief … Wisconsin to deploy National Guard as poll workers.

K-12 Support Staff Hit by School Workforce Cuts

But employment losses in state and local education are still coming into focus.