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A caution flag for states flush with unexpected cash

A caution flag for states flush with unexpected cash
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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$350 Billion In Stimulus: Some States Need 'Instructions' on How to Spend It

$350 Billion In Stimulus: Some States Need Instructions on How to Spend It
The Rescue Plan allocated a total of $350 billion, out of its $1.9 trillion overall price tag, to “states, municipalities, counties, tribes, and territories to help repair their coronavirus-damaged budgets and economies,” Reuters said.
The American Rescue Plan, in addition to its $1,400 one-time stimulus checks, expanded child tax credit and other provisions, has also provided aid to state and local governments.
Now, a new report said those governments are waiting for instructions on exactly what to do with that aid.
The Rescue Plan allocated a total of $350 billion, out of its $1.9 trillion overall price tag, to “states, municipalities, counties, tribes, and territories to help repair their coronavirus-damaged budgets and economies,” Reuters said. ....

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Solutions Beyond the First 100 Days: Economic Development and Recovery

Webinar Goal
March 31, 2021
President Joe Biden entered office in January 2021 facing multiple converging crises and the urgent need to mitigate the previous administration’s most egregious failures: a pandemic entering its second year, exacerbated by a botched vaccine rollout and anti-mask disinformation; businesses crippled by indoor-gathering restrictions and depressed consumer spending; millions of Americans out of work and facing foreclosure, eviction or homelessness; extreme weather emergencies linked to climate change … the list goes on.
Halfway through his first 100-day sprint, Biden and his team have swiftly accelerated vaccine distribution and overseen passage of the American Rescue Plan, a recovery effort that, even in its whittled-down form, could lay the groundwork for combating income inequality through direct cash payments to families. But what further actions should the administration prioritize moving forward? And what do those actions look like ....

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A Last-Minute Add to Stimulus Bill Could Restrict State Tax Cuts

A last-minute change in the $1.9 trillion economic relief package that President Biden signed into law this week includes a provision that could temporarily prevent states that receive government aid from turning around and cutting taxes. ....

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Solutions Beyond the First 100 Days: Economic Development and Recovery

Wednesday, March 31, 2021
(Maverick Pictures / Shutterstock.com)
President Joe Biden entered office in January facing multiple converging crises and the urgent need to mitigate the previous administration’s most egregious failures: a pandemic entering its second year, exacerbated by a botched vaccine rollout and anti-mask disinformation; businesses crippled by indoor-gathering restrictions and depressed consumer spending; millions of Americans out of work and facing foreclosure, eviction or homelessness; extreme weather emergencies linked to climate change … the list goes on.
Now halfway through his first 100-day sprint, Biden and his team have swiftly accelerated vaccine distribution and overseen passage of the American Rescue Plan, a recovery effort that, even in its whittled-down form, could lay the groundwork for combating income inequality through direct cash payments to families. But what further actions should the administration prioritize moving forward? ....

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