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Associated Press
LANSING, Mich. (AP) Republicans who control the Michigan House unveiled a plan Tuesday to spend federal COVID-19 aid, including a proposed $1.6 billion for road, water and broadband infrastructure.
The supplemental budget legislation, which a committee will start to discuss today, would allocate $13 billion total, all but $1.3 billion of it from federal relief packages that were approved in March and December.
About half of the federal funding is non-discretionary and, once approved, must go to K-12 schools, local governments, child care, food and rental assistance, coronavirus testing and vaccine distribution. But the state has flexibility with nearly $5.7 billion, which can be used to respond to the pandemic and its economic fallout, boost pay for essential workers, continue government services in the event of lost revenue and invest in infrastructure, according to the nonpartisan House Fiscal Agency.
Michigan GOP outlines plans for spending billions in federal Covid aid
By David Eggert
LANSING, Mich. - Republicans who control the Michigan House unveiled a plan Tuesday to spend federal COVID-19 aid, including a proposed $1.6 billion for road, water and broadband infrastructure.
The supplemental budget legislation, which a committee will start to discuss Wednesday, would allocate $13 billion total, all but $1.3 billion of it from federal relief packages that were approved in March and December.
About half of the federal funding is non-discretionary and, once approved, must go to K-12 schools, local governments, child care, food and rental assistance, coronavirus testing and vaccine distribution. But the state has flexibility with nearly $5.7 billion, which can be used to respond to the pandemic and its economic fallout, boost pay for essential workers, continue government services in the event of lost revenue and invest in infrastructure, according to the nonpartisan House Fisc
Bank Indonesia Governor Perry Warjiyo talks during a virtual press conference held after the central bank s two-day policy meeting on Jan 21. - Courtesy of Bank Indonesia/-
JAKARTA (The Jakarta Post/ANN): Bank Indonesia (BI) decided Tuesday (April 20) to maintain its benchmark interest rate at 3.5 per cent to safeguard the rupiah as uncertainty continues to haunt the global financial market.
Aside from maintaining the seven-day reverse repo rate, the central bank also held the deposit facility rate and lending facility rate at 2.75 per cent and 4.25 per cent, respectively.
“This decision is in line with the need to safeguard the stability of the rupiah’s exchange rate against the high uncertainty in the global financial market, although the inflation forecast remains low, ” BI governor Perry Warjiyo said in a virtual presser on Tuesday following a two-day monetary policy meeting.
Michigan House unveils plan to spend federal COVID-19 aid - Grand Rapids Business Journal grbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grbj.com Daily Mail and Mail on Sunday newspapers.