CARES Act

Hempstead, N.Y., Supervisor Donald X. Clavin Jr., talks about the town’s receipt of $133 million of CARES Act federal funding and the subsequent credit rating upgrade by Moody’s during the COVID-19 pandemic. He speaks about how the town’s conservative budgeting helps bolster its financial position during tough economic times. Andrew Coen hosts (24 minutes).

Chicago Public Schools will get more than it budgeted for from the federal emergency relief bill; the Illinois Regional Transportation Authority got a bit less.

Gov. Gina Raimondo signed the $12.8 billion FY21 budget bill, which includes seven ballot questions on $400 million worth of projects.

The Chicago-area transit agency says it needs more federal aid to manage pandemic-induced funding shortfalls.

Democratic members of the Congressional Oversight Commission say the Federal Reserve has treated municipalities unfairly compared to private entities.

State lawmakers closed a $1.2 billion budget hole during a 15-hour special session, but they may need to return in the absence of federal coronavirus aid.

Metropolitan Transportation Authority Chairman Patrick Foye called mass transit "the circulatory system of the nation."

The three-month extension for the central bank's lending programs is one of several recent steps by policymakers to stabilize the economy as the coronavirus pandemic stretches through the summer.

The Senate minority leader told advocates to lean on 21 key Republicans. "Everyone has friends and family in other states," he said.

Municipalities have been counting on another round of stimulus from the federal government.