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THE FUTURE OF Finance

THE FUTURE OF Finance

Texas Governor Criticized Over $295M Contact Tracing Deal

Gov. Abbott awarded a multimillion-dollar contract to a little-known technology company without much legislative oversight. Legislators on both sides are concerned about transparency and citizen protection.

By Jay Root and Jeremy Blackman, Houston Chronicle  |  May 26, 2020
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THE FUTURE OF Finance

It’s Not Just About Digital: Take In-Person Payments at a Safe Distance

How safe is it to make payments at your local government office during the pandemic? Offices can limit cards, cash and checks from changing hands—and help slow the spread of COVID-19—by taking these steps.

By Forte Payment Systems, a CSG Company  |  May 26, 2020
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THE FUTURE OF Finance

States and Cities Continue Plunge into Financial Black Hole

States face revenue shortfalls exceeding 20 percent. Cities and counties have furloughed hundreds of thousands of workers. Already, public employment has fallen more than during the Great Recession.

By Alan Greenblatt, Senior Staff Writer  |  May 26, 2020
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THE FUTURE OF Finance

How State Bond Banks Could Supercharge Fiscal Federalism

With an expanded role, they could serve as an efficient conduit between local governments of all sizes and federal financial resources for revenue shortfalls and infrastructure.

By Girard Miller, Finance Columnist  |  May 26, 2020
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THE FUTURE OF Finance

Counties’ COVID-19 Relief Helps Local Gov, Small Businesses

Officials in Macomb and Oakland counties, Mich., have announced that portions of their CARES Act money will be allotted for local governments and small business support. With approval, the money could be granted by June.

By Christina Hall, Detroit Free Press  |  May 20, 2020
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THE FUTURE OF Finance

Spokane’s $23M Is a Temporary Band-Aid for Transit Authority

Spokane, Wash., received $23.4 million from the federal government to maintain the city’s bus system. But officials don’t think that will be enough to offset the challenges that the public transit system has been facing.

By Ted McDermott, The Spokesman-Review  |  May 20, 2020
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THE FUTURE OF Finance

New Mexico Receives $77.3 Million for COVID-19 Response

The U.S. Department of Health and Human Services awarded the funds to aid in coronavirus testing and contact tracing efforts. The state needs at least 670 professional tracers, but only has 100 so far.

By Jens Gould, The Santa Fe New Mexican  |  May 19, 2020
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THE FUTURE OF Finance

Alabama Telehealth Gets Coronavirus Boost of $1 Million

The Federal Communications Commission awarded several Alabama health groups grant money to expand their telemedicine services. “It’s horrendous that this has occurred, but it has put telehealth in the forefront.”

By Melissa Brown, Montgomery Advertiser  |  May 15, 2020
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THE FUTURE OF Finance

California Cuts State Salaries 10 Percent to Offset COVID-19

Gov. Newsom’s proposed budget would save the state $2.8 billion in the next fiscal year but it would mean that all state workers, including the governor and his staff, would receive a 10 percent pay cut.

By Wes Venteicher, The Sacramento Bee  |  May 15, 2020
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THE FUTURE OF Finance

California Must Prepare for $54 Billion Budget Deficit

California must grapple with a budget deficit that could amount to more than $54 billion by next July. In the short term, there are several budget areas the state can pull from. But the long-term solution is uncertain.

By John Myers, Los Angeles Times  |  May 14, 2020
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THE FUTURE OF Finance

Metro Atlanta Officials Have $600M for Coronavirus Aid

The CARES Act relief will be spent on things like mobile testing sites and technology upgrades. But it could also help food insecurity and business loans. “We have the flexibility to address what we need to address.”

By Tyler Estep and Meris Lutz, The Atlanta Journal-Constitution  |  May 13, 2020
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