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THE FUTURE OF Finance

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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THE FUTURE OF Finance

Georgia Runoff Already Most Expensive Senate Race in History

Still with a few weeks to go, the campaigning for Georgia’s congressional Senate runoffs has already exceeded $370 million. Overall, nine of the 10 most expensive Senate races occurred this year.

By Sara Swann, The Fulcrum  |  December 21, 2020
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THE FUTURE OF Finance

7 State and Local Fiscal Lessons from a Year Like No Other

The COVID-19 pandemic recession has revealed major cracks in our systems of public finance, from the way we tax to the limits of fiscal federalism. We need to get to work on repairs.

By Girard Miller, Finance Columnist  |  December 22, 2020
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THE FUTURE OF Finance

Microsoft to Spend $110M on Washington COVID-19 Recovery

The company will provide financial support to the state’s economic recovery initiative that will fund local nonprofits, cover worker wages and help bring students back to classrooms.

By Paul Roberts, The Seattle Times  |  December 18, 2020
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THE FUTURE OF Finance

State Overpays Thousands in Unemployment, Wants It Back

North Carolina accidentally “overpaid” thousands of residents in unemployment benefits and now asks that the claimants give some back. The total overpayment is estimated at $61.5 million.

By Sophie Kasakove, The News & Observer  |  December 17, 2020
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THE FUTURE OF Finance

Boulder County Adopts $433M Budget, Includes COVID Bonuses

The county approved the budget, which includes a one-time bonus of $1,000 per county employee to help offset the impacts of COVID-19. The county also focused funds on climate change measures.

By John Fryar, Daily Times-Call  |  December 10, 2020
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THE FUTURE OF Finance

Sacramento Advocate Group Gives Out Their Own Stimulus Checks

A coalition of nonprofit community groups have been distributing one-time stipends between $1,000 and $3,000 to families impacted by COVID-19. The groups hope that investments like this continue in the future.

By Alexandra Yoon-Hendricks, The Sacramento Bee  |  December 9, 2020
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THE FUTURE OF Finance

Fines, Fees, Forfeitures and the Emerging Issue of Fairness

Local governments have come to rely more and more on user charges to fund municipal operations. They're being challenged through the lens of equity and social justice, and they warrant a review.

By Girard Miller, Finance Columnist  |  December 8, 2020
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THE FUTURE OF Finance

One-Third of Illinois PPP Went to Loans of $1M or Greater

New data shows that nearly 4,000 businesses received Paycheck Protection Program loans of $1 million or more, which accounts for 38 percent of the total money spent statewide.

By Robert Channick, Chicago Tribune  |  December 4, 2020
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THE FUTURE OF Finance

New Index Hopes to Measure California’s Economic Inequity

The California Dream Index aggregates indicators of equity to determine how the state is faring in its fight against economic inequity, and according to the numbers, there hasn’t been any improvement since 2010.

By Jeong Park, The Sacramento Bee  |  December 4, 2020
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THE FUTURE OF Finance

Pennsylvania Health Care Says COVID Aid Wasn’t Enough

More than 300 medical providers and nonprofit organizations in Lackawanna County received $73.8 million in coronavirus aid, but officials say it isn’t enough to cover their losses. Many are hoping for a second round of aid.

By Terrie Morgan-Besecker, The Times-Tribune  |  November 30, 2020
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