Lawmakers Renew Push to Restore Axed Municipal Refinancing Tool

Advance refunding helped state and local governments save on borrowing costs. The bipartisan effort to bring it back could get rolled into forthcoming infrastructure legislation.

How a Federal Agency Excluded Thousands of Viable Businesses From Pandemic Relief

The Small Business Administration refuses to give pandemic relief loans to people who have filed for bankruptcy, even if their businesses can survive.

When State and Local Governments Can Expect to Receive Stimulus Funds

The Treasury Department is still working on guidance that will better inform states of how they can use the money. But aid for cities and counties must be distributed within 60 days of the law’s passage.

Republican State Officials Bristle Over Tax Cut Prohibition in Covid Relief Bill

Ohio’s Attorney General has sued the Biden administration over the provision, which is embedded in the $350 billion direct aid program for states and localities. A coalition of 21 other AGs are asking for more guidance on the mandate.

‘An Insult’: Attorneys General Slam Purdue Restructuring Plan

Under the proposal filed this week, the OxyContin manufacturer would pay $4.25 billion to states, municipalities and others.

The Overshadowed Plight of City Budgets

New federal aid offers welcome relief for many local governments, which have seen their financial difficulties upstaged at times by better-than-expected state revenues.

The Cities Where Americans Paid Off the Most Credit Card Debt Last Year

As the pandemic put a damper on many activities, people reduced balances by a record sum, a new study finds.

Covid Relief Bill Will Infuse Billions into Local Economies

From $1,400 stimulus payments to $300-a-week unemployment benefits, the $1.9 trillion aid package gets cash to residents that can translate to stronger state and local tax revenues.

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.

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.

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.

How the Police Bank Millions Through Their Union Contracts

The public funds six-figure “sick day” payouts, $2,500 “perfect attendance” bonuses and lucrative “extra duty” assignments identified in a ProPublica, Asbury Park Press analysis of New Jersey police union contracts.

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.

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.

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.

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 Calls for $350 Billion in State and Local Aid as Part of Massive Stimulus

The president-elect released details on Thursday for a $1.9 trillion coronavirus relief package.

Cutting-edge Financial Technology is a Must for Local Governments Recovering from the Pandemic

COMMENTARY | States and municipalities who have had to adopt remote services amid the coronavirus pandemic should scale up their digital infrastructure to maintain their ability to collect and reconcile payments. Doing so will help them to prevent disruptions to revenue flows and services.

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