Coronavirus

A study of county governments to be presented at this year's Brookings Municipal Finance Conference shows federal pandemic aid led to a mild reduction in borrowing costs, a drop in credit quality and a preference for short-term over long-term debt instruments.

States have taken a wide variety of approaches to their uses of pandemic aid.

The Department of Treasury had until Aug. 31 to file an appeal and failed to do so.

Circuit Judge John K. Bush cited Alexander Hamilton's insistence in the Federalist Papers that states would retain their authority over their own taxation.

Airports are being squeezed by modernization demands and servicing existing debt.

The nation's top court may well have to weigh in on the constitutionality of the strings attached to the federal pandemic aid.

A panel discussion hosted by the Volcker Alliance explored the future of American cities

Many local governments are taking this opportunity to partner with neighbors to help strengthen and build more ambitious projects across regions.

Most large states are using pandemic aid for revenue replacement and this will be an issue in the future, an academic says.

Hiring qualified candidates for many positions within state and local governments has reached its worst period in 50 years, panelists at the 116th annual GFOA conference said on Sunday.

While the path back to pre-pandemic office life remains uncertain, a protracted remote work reality may be a harbinger for future credit rating downgrades of cities heavily dependent on commuter-driven revenues.

The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.

Moody's views 16 first time payment delinquencies over the last two years impacting $1.46 billion of debt as related to the pandemic's toll on the senior-living sector.

The public agency that owns and operates Chicago's convention center says operating revenues and tax collections are doing better than forecast in the fiscal 2022 budget but lag pre-pandemic levels.

Panelists discuss the implications of working from home in a hybrid manner, rising crime and falling mass transit ridership, vulnerable revenue sources and the lack of affordable housing at a New York Fed event.

The Big Apple faces an uncertain economic future as many white-collar workers remain at home and the return to office movement takes hold only slowly.

“Many states are reporting revenue surpluses and rebounding economies, in part as a result of federal aid to state governments.”

The president touted the benefits of last year's Bipartisan Infrastructure Law and American Rescue Plan Act during his first State of the Union address.

States have appropriated 72% of the ARPA funds they have received so far and many state legislatures are developing plans to spend the rest.

North Carolina Treasurer Dale Folwell talks with The Bond Buyer's Chip Barnett about how the state's economy has remained in financially good health despite dealing with the COVID-19 pandemic as well how the state deals with troubled municipalities. As chair of the debt affordability commission, he chats about bond issuance. He also discusses the ways to reform healthcare and increase transparency. (15 minutes)