Finance

Hopes Dim for Lifting SALT Cap in Senate Deal

Sen. Bob Menendez, a key proponent of revamping a limit on the state and local tax deduction, is signaling he will support the measure even if it does not raise the $10,000 cap.

With Prices Rising, States and Cities Must Raise Their Minimum Wages

COMMENTARY | Some states and localities have already pegged minimum wage hikes to inflation. But with the federal pay floor stuck at $7.25 for over a decade, it's time for more to take action.

Feds Announce 32 Winners for $500M in Workforce Grants

The program is funded through the American Rescue Plan. Its goal is to expand job training programs for 15 key sectors, including energy, health care, manufacturing and information technology.

State and Local Pensions Post Worst Losses Since Great Recession

The public sector retirement plans are in better overall shape than they were back in 2008. But some are still badly underfunded and many are gambling on riskier investments.

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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.

The Rising Costs of Extreme Heat

Hot weather can be deadly. It’s also putting a dent in the nation's economy and forcing new expenses on states and localities.

The Three Cs of Effective Public Engagement

COMMENTARY | Incorporating citizen feedback into government budget and finance decisions can often lead to disappointing results, but following these principles can help.

The Evolving Debate Over ARPA's State and Local Aid Program

President Biden's top advisor on the American Rescue Plan Act dismisses Republican claims that money from the law is being wasted. But he's also urging local government leaders to look for more ways to highlight their successes with the federal funding.

It’s Time for a New Development Strategy in Coal Country

COMMENTARY | The Ohio River Valley region of Appalachia has long been a political stumbling block in the national climate debate. But with the right resources, it can become a global leader of the new energy economy and a more sustainable future.

Unfair Property Taxes and What to Do About Them

In some places, the taxes fall unequally on lower-income and minority homeowners. But can they be redesigned without jeopardizing a major source of local government revenue?

States and Localities Plan for Billions in ARPA Workforce Spending

White House figures suggest over $40 billion from the pandemic relief law could go to workforce development, with a sizable chunk of investment through state and local programs.

How States and Localities Can Plan for the Growing Economic Uncertainty

COMMENTARY | Mixed signals are making it difficult for government finance officers to get a clear outlook for the future economy. Here's what they can do, says one county CFO.

Nearly Half of States Raised Their Minimum Wage This Year

The increases range from 22 cents to $1.50 per hour, but most states’ pay floors are not high enough to ensure economic stability, according to a new report.

One of the Nation's Biggest Cities Begins Cash Payments to Low-Income Residents

For the next year, Chicago plans to distribute $500 a month to thousands of households who can use the money as they see fit.

Energy-Producing States Lag in Latest Economic Numbers

Energy companies, short of workers, aren’t ready to increase production.

Covid Aid Program Gave 'Shuttered Venues' Funds They Didn't Ask For

Poor oversight riddled the emergency initiative, leading to $1.5 billion in questioned awards.

Localities Look To an Untapped 'Goldmine' of Potential Revenue

A new initiative focuses on how cities and counties can capitalize on underused public property, like parking lots and office space.

How Cities and Counties Are Thinking Big With Their ARPA Plans

Across the country, some local governments are using federal aid from the American Rescue Plan to launch "transformational" projects in areas like affordable housing, public safety and ridding homes of lead—things that will endure long after the money is spent.

This Federal Committee Is Watching Over Your Pandemic Funds Spending

The Pandemic Response Accountability Committee is on the lookout for fraud and other issues with trillions in federal Covid aid. But the watchdog is also assembling a wealth of data on programs the money is going to.

Housing Slump Would Place Greatest Stress on Black, Hispanic Residents

Many homeowners have counted on fast-rising home values and growing home equity.

Trump Wades Into One State's Budget Discussions

The former president says Pennsylvania's spending plan should be "tied" to controversial elections legislation.