Four of Ohio’s cities are dependent on income taxes. With thousands now unemployed, the coronavirus’s financial toll continues to mount. “Who knows how long this is going to last, but the effect will be felt immediately.”
By Bill Bush, The Columbus Dispatch | April 7, 2020
Plus, drafting a fourth stimulus bill before the $2 trillion package is sorted out, considering recession scenarios, state positioning as economy shudders, and credit ratings could be more vulnerable than budgets.
By Paul W. Taylor, Editor with Girard Miller, Columnist | March 31, 2020
State legislators are now revising their previous prediction, saying the state budget could be short up to $2 billion. New Mexico has been hit extra hard as oil and gas prices have dropped, which the state relies on for revenue.
By Jens Gould, The Santa Fe New Mexican | March 31, 2020
Tennessee has created a statewide program that will give cities and counties $200 million to offset the economic damage by the coronavirus. But the relief fund isn’t available until the new fiscal year begins on July 1.
By Andy Sher, Chattanooga Times/Free Press | March 31, 2020
The $2.2 trillion coronavirus relief package is unlike anything we’ve ever seen. So what does it mean for cities and residents? “The challenge is unprecedented, so the stimulus must also be unprecedented.”
By Brooke Staggs, The Orange County Register | March 31, 2020
The Public Service Commission has awarded grants to 44 companies, municipal and tribal governments to help expand Internet access to rural parts of the state. The grants hope to help more than 46,000 homes.
By Chris Hubbuch, The Wisconsin State Journal | March 24, 2020
No one knows how deep or long the pandemic-triggered recession will be. But nearly every type of government revenue, including income, sales and gas taxes, will take a hit. Well-funded rainy-day funds should help.
By Alan Greenblatt, Senior Staff Writer | March 19, 2020
California lawmakers have set aside up to $1.1 billion for health care, homelessness services and schools to try to help protect the state from the costs of the coronavirus. The bill passed both houses unanimously.
By Alexei Koseff, San Francisco Chronicle | March 18, 2020