Bruises from Coronavirus Begin to Show on State Budgets
Recent days have seen spending reductions and downbeat revenue forecasts.
In an Airport City, Coronavirus Travel Slump Stokes Budget Worries
SeaTac, Washington is in relatively good financial shape. But its tax revenues depend heavily on a sector that’s taking a beating during the disease outbreak.
Cities and Counties Make Workforce Cuts as Coronavirus Financial Toll Mounts
Cincinnati this week announced it would place hundreds of workers on unpaid temporary leave. It’s just one of the places facing tough staffing decisions.
Extended Income Tax Deadline Is Yet Another Coronavirus Budget Curveball for States
Shifting the due date for income tax filings to July from April will likely create some budget gaps that states will have to manage in the final months of their fiscal years.
Trump Signs Coronavirus Aid Package—But Democrats Say More Help Needed for States and Cities
The House approved the Coronavirus Aid, Relief, and Economic Security Act on Friday and President Trump later signed the measure into law. But lawmakers said they expect to address the growing financial needs of local governments in a fourth bill.
Coronavirus Is Slamming State Unemployment Systems
Funding is one concern, another is handling an unprecedented wave of claims.
Move by Fed May Help Shore Up Short-Term Borrowing for States and Localities
The municipal bond market is experiencing a massive crunch as investors react to the coronavirus pandemic.
As Ridership and Revenues Plunge, Transit Agencies Seek Financial Aid
The coronavirus has far fewer people riding buses and trains. Tax revenues going towards transit are in line to take a hit as well.
What the Coronavirus Stock Meltdown Could Mean for Pensions
It’s not looking good, but don’t panic just yet.
Coronavirus Threatens to Blow Big Holes in State Budgets
States are dealing with financial uncertainty as they spend to combat the virus, but also face the possibility of lost revenues as the disease puts a major drag on the economy.
Costs to Combat Coronavirus Mount in an Epicenter of the Outbreak
In King County, Washington alone, the local government is spending about $100,000 a day responding to the public health crisis, according to one lawmaker.
Agriculture Secretary Tells Farmers Not to Count on Future Farm Trade Bailouts
President Trump previously signaled that more money to subsidize farmers for trade losses could be doled out.
State Lawmakers Face Uphill Battles as They Seek to Tax More Services
Maryland is the latest state to consider such a proposal. What many experts regard as “good tax policy” is often a tough political sell.
What’s Next for Fiscal Oversight in Philadelphia?
COMMENTARY | Experts and officials debate future of agency that has played key role since 1992.
Local Leaders Talk Solutions to Rising Costs of Living
At an event in Washington D.C., mayors and city council members spoke about the need for local solutions helping people cope with the increased costs of housing, child care and health care.
Deep Dive Into State Budgeting Practices Finds Improvements
But circumstances vary widely between states, while pension and health care costs remain a concern.
Ensuring State Broadband Grants Go the Extra Mile
From grant matching to community engagement teams, officials who oversee state broadband grants say it’s important to require communities and companies that receive public funding to meet certain benchmarks.
Utah Representative Proposes Bill to Stop Payday Lenders From Taking Bail Money from Borrowers
Debtors prisons were banned by Congress in 1833, but a ProPublica article that revealed the sweeping powers of high-interest lenders in Utah caught the attention of one legislator. Now, he’s trying to do something about it.
Safety Net Programs, Local Grants on Chopping Block in Trump Budget
Trump’s $4.89 trillion budget proposal faces an uphill battle with Democrats in Congress, who were critical of domestic spending cuts.
The Great Affordability Crisis Breaking America
COMMENTARY | In one of the best decades the American economy has ever recorded, families were bled dry.
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