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THE FUTURE OF Finance

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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THE FUTURE OF Finance

California Proposes $25 Billion Economic Recovery Fund

California is working to offset the $54 billion deficit caused by the coronavirus pandemic through two financial proposals. Neither go directly towards the state budget, but instead hope to jumpstart the state’s economy.

By John Myers, Los Angeles Times  |  May 12, 2020
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THE FUTURE OF Finance

An Overlooked Resource for Rebuilding Local Economies: Angels

Locally focused investors support the innovative entrepreneurial ecosystems that will produce high-paying jobs in the post-pandemic world. Public officials can learn a lot from their angel investors.

By Girard Miller, Finance Columnist  |  May 12, 2020
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THE FUTURE OF Finance

California Mask Deal Had Political Tie to Former Alabama AG

California was going to purchase $800 million of masks from an Alabama vendor but the delivery was incomplete. This is the state’s second incomplete mask purchase, bringing concern to the purchasing decisions.

By Adam Elmahrek and Melody Gutierrez, Los Angeles Times  |  May 11, 2020
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