Is the New Markets Tax Credit Program Helping Low-Income Neighborhoods?
COMMENTARY | NMTC investments generate significant economic activity and new jobs, but there are opportunities for policymakers to adapt the program to expand its benefits for residents.
Questions Loom for States, Localities About How to Spend Billions in Covid Relief Funds
Federal and policy experts told city officials Thursday that governments that lost revenue during the pandemic have greater flexibility for using the American Rescue Plan money.
Most States Held Off Draining Savings in Response to Pandemic
Only 15 tapped rainy day funds in fiscal 2020 and reserves remained near record levels. Now, better-than-expected tax revenues and federal aid could limit the need for further withdrawals.
State, Local Governments Could Get $500M to Expand Cybersecurity
A bipartisan group of House lawmakers introduced a bill this week that would create a grant program to bolster cyber defenses across the U.S.
Billions of Federal Dollars to Close Broadband Gaps are About to Start Flowing
The FCC has launched a program that provides $50 subsidies to help households pay internet bills and also approved rules for a $7 billion fund for libraries and schools.
Paying With Cash? Retailers Must Take Your Dollars in These States
For many, requiring the option to use cash is a race and economic equity issue.
Treasury to Begin Distribution of $350 Billion for State, Local Governments
The guidance released Monday gives governments wide latitude in spending American Rescue Plan funds.
Getting the 'Bosses of Procurement' to Understand its Strategic Value
State procurement departments have been front and center during the pandemic. Once the crisis wanes, focus on procurement may diminish, but officials say it needs ongoing high-level attention.
State 529 Education Account Winning American Families’ Pandemic Savings
COMMENTARY | U.S. households are saving at an historic pace, and new and existing 529 savings accounts are up 14% year over year.
As Influx of Aid Nears, Some Spending Principles For States and Localities to Consider
Billions in federal coronavirus relief payments to states and localities are expected in May. Important choices lie ahead about how to best put the money to use.
Biden’s American Families Plan Asks States to Pony Up for College, Pre-K
The administration introduced the $1.8 trillion proposal Wednesday that focuses spending on education and child care.
How the Federal Reserve is Increasing Wealth Inequality
The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.
Republicans Unveil $568 Billion Infrastructure Proposal
GOP senators said that they’re ready to engage with Democrats and the Biden administration to work out a deal.
Justice Department Defends Tax Mandate Provision in Covid Relief Bill
In a court filing, the department responded to a lawsuit filed by Ohio’s attorney general, who said the tax mandate was unconstitutional and encroached on his state’s financial decisions.
The Federal Government Will Now Give PPP Loans to Borrowers in Bankruptcy
Thousands of companies working their way out of bankruptcy are now eligible for the Paycheck Protection Program after ProPublica reported that the Small Business Administration had been excluding them.
'A Troubling Trend': Independent State Program Evaluation Under Attack
Without a vote, the legislative leadership in North Carolina closed the state’s program evaluation division. Experts say the growing power of legislative leaders presents an accelerating danger for transparent, publicly available evaluation.
House Lawmakers Launch Group to Fight for 'SALT' Cap Repeal
But they face firm Republican opposition and there are no clear signs of support coming from the White House.
New Treasury Office Will Oversee Covid Relief and Recovery Programs
Billions in state and local government aid is part of the office's portfolio.
Cities Prepare to Spend Historic Sums of Federal Aid
In addition to filling budget gaps, they're looking at longer-term recovery programs focused on areas like housing and job training.
Biden's Budget Would Up Spending on State and Local Programs
The president's initial fiscal 2022 blueprint, released Friday, calls for a 16% federal spending increase on a broad slate of domestic programs. Republicans swiftly criticized the plan.
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