Finance

Biden Plan Would Direct $400 Billion to Vaccine, Public Health Initiatives

The president-elect’s $1.9 trillion plan includes funding for a national Covid-19 vaccination program, expanded testing capacity, and safety measures to help reopen schools.

Biden Calls for $350 Billion in State and Local Aid as Part of Massive Stimulus

The president-elect released details on Thursday for a $1.9 trillion coronavirus relief package.

More State and Local Job Losses in December

The total number of jobs lost in the state and local public sector is now approaching 1.4 million. December was also a grim month for leisure and hospitality employment.

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Eliminate Manual Processes Route and Approve Invoices from Anywhere

Today’s finance teams carry a heavy burden, supporting everything from growth strategies to long-term planning – all while continuously delivering monthly and quarterly numbers and keeping cash flowing. But even as demands on finance departments grow, many still spend excessive time using paper, spreadsheets, and e-mails to process vendor invoices, approvals, and payments.

Poverty Grows Despite Economic Recovery

Some jobless workers have been excluded from unemployment benefits.

Timber Tax Cuts Cost Oregon Towns Billions. Then Polluted Water Drove Up the Price.

Rural communities in Oregon paid millions of dollars for clean, safe drinking water because the state didn’t protect their watersheds from logging-related contamination.

States Expect Delay of Federal Unemployment Payments

The late passage of the coronavirus relief package and new requirements for verifying benefits are complicating the rollout of payments by state unemployment agencies.

These Cities Tried to Tackle Disinvestment. Here Are Lessons From What Happened.

Local governments have made efforts to revive commerce in neglected Black neighborhoods around the country. It hasn’t always worked. But cities can learn from their experiences.

California Bond Program Helps Cities Secure Middle-Income Housing Without Upfront Cost

There is far too little housing throughout the state for the so-called "missing middle," people who make too much money for most subsidized housing, but not enough to afford market rates.

The Pandemic Has Been Extra Hard on Single Mothers

Single mothers have scrambled during the pandemic to secure child care. What will the federal government do to help in 2021?

Heading Into 2021, State and Local Budget Gloom Lingers

Revenues are better than initially expected in some states. But they’re still down in many places as the cost of the pandemic response adds up.

She Noticed $200 Million Missing, Then She Was Fired

Alice Stebbins was hired to fix the finances of California’s powerful utility regulator. She was fired after finding $200 million for the state’s deaf, blind and poor residents was missing.

Trump Signs $900 Billion Covid Relief Package

The law funds special unemployment programs and $600 stimulus payments, as well as providing aid to people who need help with rent, struggling transit, schools and businesses.

End Nears for Fed’s Municipal Lending Program

The initiative only attracted two borrowers, but experts say it helped to stabilize the municipal bond market following Covid-driven turmoil earlier this year.

Trump Blasts Covid Relief Package, Demands Revisions Risking a Shutdown

The president asked Congress to dramatically increase the size of stimulus checks.

State, Local Governments Could Get an Extra Year to Spend Covid Funds

President Trump on Tuesday disparaged the coronavirus relief package approved by Congress this week. The deal does not appropriate more direct funding for local governments and states, but if it does go forward, it would extend the deadline for them to spend previous funds.

One-Month Eviction Moratorium, $25 Billion in Rental Aid in Covid Bill

Housing advocates applauded the inclusion of the emergency rental assistance and eviction moratorium extension in the federal relief package, but said the incoming Biden administration will have to do more.

Congressional Leaders Reach Deal on $900 Billion Covid Relief Package

The agreement reached Sunday does not include direct funding for state and local governments but does extend the amount of time they have to spend previously appropriated federal funds.

Congress Nears Covid-19 Relief Deal With Direct Stimulus Payments, But No Local Government Aid

Representatives from both parties, who met Tuesday and Wednesday, said major headway was made during negotiations on a roughly $900 billion relief package. But more direct help for state and local governments isn't included.

Bipartisan Lawmakers Offer Two-Part Covid Relief Package

A $748 billion proposal would fund initiatives like unemployment insurance and the Paycheck Protection Program, while a separate $160 billion bill would provide state and local aid, but also a liability shield.