Finance
Local Officials Say They Need More Time to Spend CARES Act Money, as Future Aid Remains in Doubt
State and local governments are up against a Dec. 30 deadline to use the coronavirus relief money, a timeframe that many local officials say should be extended.
Local Officials Say They Need More Time to Spend CARES Act Money, as Future Aid Remains in Doubt
State and local governments are up against a Dec. 30 deadline to use the coronavirus relief money, a timeframe that many local officials say should be extended.
Finance
Pandemic’s Uncertainties Hang Heavy Over Small City's Budget
Augusta, Maine has already resorted to layoffs and furloughs to slow spending. Looking ahead, there are still questions about what will happen with badly needed state aid and other revenues.
Six Months Into the Pandemic, Out-of-Work Texans Are Still Struggling to Navigate Unemployment System
As 1.8 million Texans continue to claim unemployment, many complain they still can't reach the Texas Workforce Commission and are quickly losing trust in Congress to agree to a second stimulus agreement.
New Jersey Leaders Agree On Deal to Hike Taxes on Millionaires
Governor Phil Murphy and top Democratic lawmakers announced plans on Thursday for a higher tax rate on incomes between $1 million and $5 million. The bulk of the revenue from the tax increase would cover the cost of a new middle class tax break.
Momentum for Basic Income Builds as Pandemic Drags On
Advocates see an opportunity to transform the safety net.
Governors Plead with Congress for Help as Senate Rejects Skinny Relief Bill
As Democratic governors testified before the House Committee on Financial Services, the Senate rejected a pared-back coronavirus relief proposal.
Why Public Sector Employee Worries about Finances Should Worry Us All
COMMENTARY | As Covid-19 puts increased financial strain on the state and local government workforce, employers must find innovative approaches to shore up workers' financial security. Otherwise, vital services and programs delivered to communities throughout the nation could be at risk.
Summertime Visitors Swarm State Parks and Budgets
State parks see record traffic as people seek recreation amid a pandemic.
Cuomo, Union Leaders Call on Congress to Provide New York $59 Billion in Aid
They say the state and its local governments are in an “impossible financial situation” because of the financial fallout from the coronavirus pandemic.
In New Jersey, a Proposal for $1,000 ‘Baby Bonds’
Gov. Phil Murphy, who proposed the program on Tuesday, said it would be the first statewide initiative of its kind. But the added spending would come at a time when the state’s budget is strained.
Saving in Times of Crisis: How People with Disabilities Can Increase Financial Stability
COMMENTARY | Americans with disabilities should consider depositing stimulus payments they receive from the federal government into ABLE savings accounts that maximize their impact.
State and Local Public Pension Funding Levels Steady—For Now
The outlook for the coming years is gloomier, as the coronavirus drags on the economy and strains governments’ finances.
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