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THE FUTURE OF Finance

THE FUTURE OF Finance

Income-Tax-Dependent Ohio Now Faces Uneasy Future

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
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THE FUTURE OF Finance

How to Keep the Lights of Business On and Save the Tax Base

A short-term federal forgivable-loan program for property owners whose tenants can't pay their rent during the pandemic would protect badly needed state and local revenues.

By Girard Miller, Finance Columnist  |  April 6, 2020
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THE FUTURE OF Finance

Property Tax Collectors, Give Folks a Break!

Delaying fast-approaching property-tax deadlines would help Americans facing economic stress, and it wouldn't be that costly for local governments.

By Girard Miller, Finance Columnist  |  April 2, 2020
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THE FUTURE OF Finance

More Help Is Likely on the Way for States and Localities and the Coronavirus-caused Recession — Including an Obscure Source of Federal Aid for Muni Bonds

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
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THE FUTURE OF Finance

New Mexico Budget Hole Grows Amid COVID-19, Low Oil Prices

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
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THE FUTURE OF Finance

Tennessee Counties Must Wait 91 Days for Coronavirus Aid

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
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THE FUTURE OF Finance

What to Know about the Coronavirus Stimulus Package

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
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THE FUTURE OF Finance

Wisconsin Devotes More Than $45M for Broadband Expansion

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
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THE FUTURE OF Finance

States and Cities Face the Prospect of Severe Budget Shortfalls

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
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THE FUTURE OF Finance

New Stimulus Plan Intended to Soften Effects of COVID-19 Recession

Plus, U.S. now logs 100 cases across all 50 states, IMF lays out three-part global strategy, Muni bonds hit hard by coronavirus, and other budget effects.

By Paul W. Taylor, Editor  |  March 17, 2020
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THE FUTURE OF Finance

Calif. Legislature Approves $1.1B for Coronavirus Response

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
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