How the Pandemic Economy Could Wipe Out a Generation of Black-Owned Businesses
Danette Wilder spent years building up her company. Now it has to survive an existential threat to Black entrepreneurs.
Additional State and Local Perks Make it Into Senate Covid Relief Bill
Extra money for counties with untaxable public land and provisions that allow localities to spend federal dollars on hazard pay for workers are included in the version approved over the weekend.
Economists: Biden’s $1,400 Covid-19 Checks May be Great Politics, but it’s Questionable Economics
COMMENTARY | The checks aren't well targeted to those hurting the most financially and it's not clear they will be an effective economic stimulus.
States Look to Forgive Unemployment Overpayments
Missouri lawmakers advanced a bill that would waive the federal but not state portion of any mistakenly paid unemployment benefits.
Cities Bet on Risky Borrowing Option to Bolster Pensions
With the cost to issue debt at record lows, there’s been an upswing in local governments turning to pension obligation bonds.
Senate Covid Bill Adds Restrictions on State and Local Aid
The legislation would impose requirements on how states can use the money, and also redirect $10 billion that had been bound for cities and counties.
State Lawmakers Split Over Need for Federal Aid
Despite dire budget projections earlier on in the pandemic, many states are now anticipating surpluses this year.
House Passes $1.9 Trillion Covid Response Bill
The legislation includes $350 billion in direct aid for state, local, and tribal and territorial governments.
Equity Budgeting in Cities: Directing Dollars Where They’re Needed Most
A growing number of cities are turning to their budget offices to help treat historically underserved communities more fairly.
Carefully Targeted Cuts Can Help With Managing Covid-19’s Hit to Budgets
COMMENTARY | Cities, counties and states are in some cases making broad spending reductions to manage the financial impacts of the pandemic. That might not be the best approach.
For Cities, Less Traffic Means Lost Revenue
Cities have seen parking fee and traffic fine collections drop during the pandemic as commuters and tourists stay home and enforcement is relaxed.
States to Recoup More Covid Costs From Feds Under Biden Reimbursement Plan
President Biden ordered FEMA to issue retroactive reimbursements to states for National Guard deployments and other costs brought on by the pandemic.
'We Have Counties in Deep Trouble': Oregon Lawmakers Seek to Reverse Timber Tax Cuts That Cost Communities Billions
For decades, corporate timber benefited from tax cuts that devastated local budgets. Lawmakers want change and have filed dozens of bills, making this one of Oregon’s most consequential sessions for forest policy.
47 States Reach $573 Million Opioid Settlement with McKinsey
States will receive the majority of the money they are owed from the consulting firm within 60 days.
Toward a More Inclusive and Resilient Economic Development Paradigm
COMMENTARY | As economic development leaders look for ways to stimulate growth in the wake of Covid-19, they should embrace strategies centered on resilience and inclusivity.
Republicans Leave Direct State and Local Aid Out of Scaled-Down Covid Relief Pitch to Biden
President Biden met Monday evening with 10 GOP lawmakers backing the $618 billion proposal.
Biden’s Pause on Oil Leases Could Squeeze State Budgets
But experts caution that it’s hard to know at this point what the financial toll could ultimately look like.
The Cities That Finished Last Year With Steep Declines in Rent Prices
Data shows rents fell in cities known for high housing costs, and ticked up in some nearby areas and mid-sized markets.
Treasury Nominee Voices Support for State and Local Relief Funding
Janet Yellen also said during a confirmation hearing that a cap on the federal deduction for state and local tax payments should be studied more before any changes are made to the policy.
Biden Plan Would Direct $400 Billion to Vaccine, Public Health Initiatives
The president-elect’s $1.9 trillion plan includes funding for a national Covid-19 vaccination program, expanded testing capacity, and safety measures to help reopen schools.
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