Heading Into 2021, State and Local Budget Gloom Lingers
Revenues are better than initially expected in some states. But they’re still down in many places as the cost of the pandemic response adds up.
Trump Signs $900 Billion Covid Relief Package
The law funds special unemployment programs and $600 stimulus payments, as well as providing aid to people who need help with rent, struggling transit, schools and businesses.
End Nears for Fed’s Municipal Lending Program
The initiative only attracted two borrowers, but experts say it helped to stabilize the municipal bond market following Covid-driven turmoil earlier this year.
Trump Blasts Covid Relief Package, Demands Revisions Risking a Shutdown
The president asked Congress to dramatically increase the size of stimulus checks.
State, Local Governments Could Get an Extra Year to Spend Covid Funds
President Trump on Tuesday disparaged the coronavirus relief package approved by Congress this week. The deal does not appropriate more direct funding for local governments and states, but if it does go forward, it would extend the deadline for them to spend previous funds.
Small Banks Helped Businesses Win More PPP Loans
Generally, large banks were slow to start processing PPP loans, opening the way for smaller and regional banks that acted faster in some states.
Stop Worrying About Budget Deficits
COMMENTARY | Red ink isn’t a problem as long as the country is spending on the right things.
Seeking To Boost Savings and Safety, One State Eliminates Paper Tax Forms
Missouri will stop printing paper taxes forms and encourage residents to file electronically, which a spokeswoman said most taxpayers already do.
McConnell: State and Local Aid Should Be Left Out of Near-Term Virus Relief Deal
The Senate majority leader recommended passing a package with programs that Democrats and Republicans can agree on, while the Trump administration offered its own proposal.
‘We Simply Cannot Afford to Wait’: Several States Consider Stimulus Bills
In the absence of a second federal coronavirus relief package, some state leaders are pushing plans to provide stimulus money to individuals and businesses.
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.
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.
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.
Hospital Bills for Uninsured Covid Patients Are Covered, but No One Tells Them
The problem with the Covid-19 uninsured program is that even doctors don’t always know how it works or that the program exists.
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.
Seattle, Portland, and New York Sue Trump Administration Over Labeling as ‘Anarchist Jurisdictions’
The cities said that labeling them “anarchist jurisdictions”—and threatening to withhold federal money— was an “arbitrary and capricious” decision that has no merit and violates the Constitution.
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.
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