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THE FUTURE OF Finance

THE FUTURE OF Finance

House Approves $1.5 Trillion for Infrastructure Projects

The $1.5 trillion plan aims to fix roads and bridges, upgrade transit systems and expand railways and ports. The bill will also give $100 billion to broadband expansion and $25 billion to the U.S. Postal Service.

By Gene Harbrecht, The Orange County Register  |  July 2, 2020
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THE FUTURE OF Finance

California Pauses COVID Testing Access Program Due to Costs

In April, Gov. Newsom launched an initiative to increase COVID-19 testing accessibility for rural towns and disadvantaged neighborhoods. The state will no longer fund new testing sites, even as infections increase.

By Angela Hart and Rachel Bluth, Los Angeles Times  |  July 1, 2020
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THE FUTURE OF Finance

Here Comes the Hard Part: States, Cities Face Grim Budget Picture

The fiscal year begins in most states and cities on July 1. Without further federal aid, many will have to re-examine just-passed budgets for cuts down the road.

By Alan Greenblatt, Senior Staff Writer  |  July 1, 2020
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THE FUTURE OF Finance

Assuring Broadband Statewide Could Cost South Carolina $800M

Nearly half a million residents currently live without high-speed Internet. As people work and learn from home, there is an urgency for connectivity. “Education cannot be effective or available without broadband.”

By Joseph Bustos, The State  |  June 25, 2020
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THE FUTURE OF Finance

Wyoming Budget Anticipates Two-Year, $1.5 Billion Shortfall

As Wyoming faces its largest revenue decline in state history, Gov. Gordon asks departments to plan for a 20 percent cut to budgets while some lawmakers are worried the stimulus money isn’t being used fast enough.

By Tom Coulter, Wyoming Tribune-Eagle  |  June 23, 2020
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THE FUTURE OF Finance

Congress Needs to Fix the Opportunity Zone Boondoggle

The program, a cluster of tax loopholes, is making fat cats fatter without doing much about racial inequities and urban joblessness. There are ways to reform it to benefit those it was touted to help.

By Girard Miller, Finance Columnist  |  June 23, 2020
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THE FUTURE OF Finance

Trump Administration Wants to Cut Pentagon’s Pandemic Team

Trump wants to cut $127 million from the Biological Threat Reduction Program and redirect the funding toward “more pressing defense initiatives.” Bipartisan concerns have been raised about the proposal.

By John M. Donnelly, CQ-Roll Call  |  June 19, 2020
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THE FUTURE OF Finance

Public Schools Disadvantaged as Charters Get Loans from PPP

Charter schools in New Orleans have applied for federal loans through the Payroll Protection Program, receiving anywhere from $97,000 to $5.1 million. Public schools are ineligible for the same loans.

By Della Hasselle, The Times-Picayune  |  June 19, 2020
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THE FUTURE OF Finance

Baltimore’s $3 Billion Budget Goes to Mayor for Approval

The city council has approved a slimmer budget as the city expects a $103 million revenue loss for the upcoming fiscal year. Notably, the proposal cuts $23 million that typically goes to law enforcement.

By Yvonne Wenger, The Baltimore Sun  |  June 16, 2020
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THE FUTURE OF Finance

Here’s Why Philadelphia Police Probably Won’t Be Defunded

Protestors are calling for cities to ‘defund the police,’ but the odds of that happening are low. Philadelphia will be watching to see what happens in Minneapolis as the city considers such a move.

By Sean Collins Walsh, The Philadelphia Inquirer  |  June 10, 2020
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THE FUTURE OF Finance

Baltimore Begins Budget Talks amid Coronavirus, Protests

The Baltimore City Council must review the $3 billion budget amid the coronavirus-induced recession, a recent ransomware attack, and protests over police brutality. Many foresee budget cuts and reallocations.

By Yvonne Wenger, The Baltimore Sun  |  June 9, 2020
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