Best Market for First-Time Homebuyers is in the Middle of Illinois, Report Finds
A new report from the National Association of Realtors suggests that mid-sized cities could be the ticket for millennials looking to purchase homes.
Biden on Infrastructure: ‘We Will Not Be Open to Doing Nothing’
The president also emphasized he is prepared to have talks with Republicans about his proposed spending package.
Legal Challenges Mount Against Tax Cut Prohibition in Covid Relief Law
Confusion over the tax mandate embedded in the $350 billion direct aid program for states and localities led Kentucky and Tennessee to file suit.
‘SALT’ Saga Flares as Governors Push to Repeal $10,000 Limit
The latest efforts to restore a federal break for state and local tax payments come as the White House proposes tax policy changes to help fund President Biden's infrastructure package.
29% of Adults Have Debt in Collections, Report Finds
An analysis by the Urban Institute shows a disproportionate amount of debt in collections is held by communities of color and residents of southern states.
Grading State Budget Practices at a Turbulent Time
The Volcker Alliance’s latest state budget report cards come as the pandemic has tested public finances and as historic sums of federal aid flow toward states and localities.
Survey: Half of Black and Latina Women on the Brink of Poverty
Women of color said they have had barely enough to pay for food, housing and child care during the pandemic.
What Can Parks Do When Demand Rises as Budgets Decline?
Though there may be greater appreciation for the nation’s parks, many are still fighting for funding. Some states are finding solutions.
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.
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