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THE FUTURE OF Finance

THE FUTURE OF Finance

Biden’s $1.9T Plan Includes Billions in State and Local Aid

The stimulus package would include funding for production and distribution of COVID vaccines, $1,400 checks for Americans and expanded unemployment benefits. Many are eager for the relief, despite the large price tag.

By Janet Hook and David Lauter, Los Angeles Times  |  January 15, 2021
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THE FUTURE OF Finance

Could States Cash in on the Cryptocurrency Craze?

Working together to create their own alternative to Bitcoin and its copycats could be a way to generate value, at no initial cost, for struggling pension funds. Madisons, anyone?

By Girard Miller, Finance Columnist  |  January 19, 2021
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THE FUTURE OF Finance

How California’s Budget Depends on Staggering Wealth Gap

The state’s progressive tax structure is reaping billions from the wealthiest to fund the state’s safety net. But it also reveals how the pandemic has widened the economic gulf for millions of Californians — more than the rest of the country.

By Jackie Botts, CalMatters  |  January 18, 2021
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THE FUTURE OF Finance

Stimulus Checks Will Pay Bills Instead of Boosting Economy

While the first round of stimulus checks encouraged spending as workers were adjusting to life at home, many expect the second round of payments will mostly go towards bill payments and savings.

By Lori Valigra, Bangor Daily News  |  January 14, 2021
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THE FUTURE OF Finance

The Impoverished Idea of a Wealth Tax

The left loves it, and it has proponents nationally and in state legislatures around the country. But soaking the rich is a way to drive the wealthy out and curb entrepreneurship.

By Michael Hendrix, Manhattan Institute  |  January 14, 2021
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THE FUTURE OF Finance

It Will Cost Michigan $1.5 Million to Ban Guns at Capitol

To install the detectors and screening equipment necessary for a firearms ban, the state would need to spend $1.5 million, which is more than the Capitol Commission’s annual maintenance budget.

By Samuel Dodge, mlive.com  |  January 12, 2021
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THE FUTURE OF Finance

Prospects Brighten for State and Local Aid from Washington

With Democrats in control of the Senate and the rest of Washington, further stimulus is a near-certainty. State and local aid, which has been held up by the GOP, will be part of the mix.

By Alan Greenblatt, Senior Staff Writer  |  January 11, 2021
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THE FUTURE OF Finance

Connecticut Transportation Funds Could Go Broke by 2024

The state’s Special Transportation Fund will drop to just over $100 million by the end of this fiscal year, which is not enough to fund the multimillion-dollar transportation projects Gov. Lamont hopes to achieve.

By Ken Dixon, San Antonio Express-News  |  January 4, 2021
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THE FUTURE OF Finance

The Public Finance Outlook for 2021 in 10 Themes

Vaccines, a new presidency, a reshuffled Congress and a pandemic-shifted economy will transfigure the state and local fiscal landscape.

By Girard Miller, Finance Columnist  |  January 5, 2021
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THE FUTURE OF Finance

Education Spending Per Student By State

Recent data shows that while overall spending has increased, there is great variation among states on public education expenditures per student. The average is $12,612, but New York spends nearly double that amount.

By Zoe Manzanetti, Web Producer and Writer  |  January 1, 2021
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THE FUTURE OF Finance

Absent Federal Aid, How Bad Are State Budgets?

The new congressional stimulus package does not include direct aid for states and localities. Only a few states have seen revenues increase from last year, meaning cutbacks are coming due to COVID spending pressures.

By Alan Greenblatt, Senior Staff Writer  |  December 22, 2020
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