How one organization in Pasadena, Calif., is mobilizing amid a shortage of federal food aid during the government shutdown.
If a congressional debt ceiling deadlock persists and capital markets seize up, states and localities will still have to pay their bills. Public financiers need to be ready to adjust their portfolios to establish a liquid cash buffer.
The state government used more than half a million dollars of its $6.24 billion in COVID relief funds to buy SUVs to transport Gov. Phil Murphy and other officials around the state. Here’s how the rest of the money was spent.
Officials in Kansas and Missouri worry that a federal default could severely disrupt a variety of government services that could cause local layoffs, jettison retirement funds, restrict Medicaid access and more.
The Inflation Reduction Act allots more than $360 billion for business incentives to promote low-emission technology and manufacturing, which is also creating a competitive drive from businesses in Europe.
The $1.7 trillion spending bill that will fund the federal government through Sept. 30 includes hundreds of payouts for New Jersey municipalities’ projects, the largest of which will build an overpass along County Road 539.
Counties across the state have been challenging the accuracy of the federal Internet expansion map ahead of a Friday deadline. Westmoreland County alone identified 14,527 sites that don’t appear at all on the address maps.
Idaho employs an average of 53,000 farmers annually, but the state only has 274 homes subsidized by the federal government for farmworkers. The state is looking for ways to build more farmworker housing.
CARES. ARPA. IIJA. These bills and more have put billions into the state and local government market. We break down the major federal funding packages and how they’re being put to use.
They will help fund energy-saving and climate projects for businesses and homeowners. Congress’s approval of the Greenhouse Gas Reduction Fund could supercharge green banks across the nation.
From public health to climate change to immigration, there will be plenty of challenges for our federal system to contend with. But the tensions will be more about social policies and regulation than about money.
Inflation punished Wall Street and Main Street, and public financiers who ignored it squandered billions. Congress passed two bills important to states and localities. And pensions took a hit, but taxpayers won’t feel that pain for years.
A study from the Economic Roundtable found that without the pandemic-induced eviction moratoriums, unemployment insurance boosts and stimulus payments, the county’s homelessness would have climbed to 23 percent.
An analysis of nearly 92,000 Road Home grants statewide found that the program to help homeowners rebuild after hurricanes Katrina and Rita gave more funding to wealthier neighborhoods than low-income ones.
Approximately 20 percent of households have some amount of medical debt, and they are disproportionately Black and Latino. A few local governments have teamed up with a nonprofit to unburden their residents’ finances.
The federal government released guidelines on how to spend its $2.3 billion in Amtrak expansion money, but it’s not yet clear if Ohio will build new passenger rail service between its major cities.
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