California Plans Rent Forgiveness Using Federal Stimulus Surplus

The state is poised to embark on an ambitious, complex effort to cover the unpaid rent of low-income renters who struggled during the pandemic.

#budgets-and-budgeting, #california, #coronavirus-aid-relief-and-economic-security-act-2020, #politics-and-government, #stimulus-economic

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With Billions of Dollars at Stake, a Critical Race Vies for Attention

Candidates to be New York City’s next chief financial officer are straining for attention from the public during a crucial moment.

#benjamin-brian, #budgets-and-budgeting, #caruso-cabrera-michelle, #elections-comptrollers, #iscol-zach, #johnson-corey, #lander-brad, #new-york-city, #office-of-the-comptroller-nyc, #politics-and-government, #primaries-and-caucuses, #weprin-david-i

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Democrats Float $6 Trillion Plan Amid Talks on Narrower Infrastructure Deal

Democrats are considering moving unilaterally on a sweeping economic package even as bipartisan talks continue on a smaller infrastructure bill.

#american-jobs-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #federal-budget-us, #federal-taxes-us, #filibusters-and-debate-curbs, #infrastructure-public-works, #law-and-legislation, #medicare, #sanders-bernard, #schumer-charles-e, #senate, #united-states-economy, #united-states-politics-and-government

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Departures of Police Officers Accelerated During a Year of Protests

Retirements nationwide were up by 45 percent and resignations by 18 percent in the 12-month period ending in April.

#budgets-and-budgeting, #coronavirus-2019-ncov, #george-floyd-protests-2020, #police, #police-executive-research-forum, #police-reform, #united-states

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Rich Schools, Poor Schools and a Biden Plan

The way U.S. education is funded can widen disparities. A proposed $20 billion program seeks to even things out.

#biden-joseph-r-jr, #budgets-and-budgeting, #education-k-12, #federal-aid-us, #income-inequality

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Brad Lander for Comptroller

The editorial board endorses Brad Lander for New York City comptroller.

#budgets-and-budgeting, #elections-comptrollers, #endorsements, #lander-brad, #new-york-city

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Biden Meets With Capito as Deadline for Infrastructure Deal Looms

President Biden and Senator Shelley Moore Capito, the top Republican negotiator, had no breakthroughs. But they agreed to speak again on Friday.

#american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #capito-shelley-moore, #filibusters-and-debate-curbs, #infrastructure-public-works, #law-and-legislation, #macdonough-elizabeth, #senate, #united-states-politics-and-government

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New York City’s Post-Covid Recovery

Coming out of the pandemic, is it possible to build a more equal city?

#bankruptcies, #budgets-and-budgeting, #coronavirus-2019-ncov, #elections-mayors, #hudson-yards-manhattan-ny, #local-government, #new-york-city, #nineteen-hundred-seventies, #politics-and-government, #trump-donald-j

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Is Wokeness ‘Kryponite for Democrats’?

Republicans sure seem to think so. They are not alone. 

#black-lives-matter-movement, #budgets-and-budgeting, #conservatism-us-politics, #democratic-party, #freedom-of-speech-and-expression, #george-floyd-protests-2020, #liberalism-us-politics, #police-reform, #polls-and-public-opinion, #republican-party, #united-states-politics-and-government

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Krugman Wonks Out: What We Talk About When We Talk About Money

Chill out. The Fed isn’t rolling the printing presses to pay the bills. 

#budgets-and-budgeting, #federal-budget-us, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #united-states

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10 Ways for Museums to Survive and Thrive in a Post-Covid World

That the pandemic did damage to museums is unquestioned but their resilience has been remarkable.

#art, #budgets-and-budgeting, #coronavirus-2019-ncov, #finances, #museums

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How City Hall in New York City Saved Local News

City agencies are spending at least half of their ad budgets on local newspapers and websites. 

#adams-eric-l, #advertising-and-marketing, #biden-joseph-r-jr, #budgets-and-budgeting, #chicago-ill, #city-council-nyc, #corp-for-public-broadcasting, #de-blasio-bill, #executive-orders-and-memorandums, #federal-budget-us, #garcia-kathryn, #minorities, #new-york-city, #new-york-state, #news-and-news-media, #newspapers, #online-advertising, #politics-and-government, #stanford-university, #state-legislatures, #university-of-north-carolina, #wiley-maya

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California Budget: Recovery, Recall and Record Revenue Drive Newsom Plan

Tuesday: Gov. Gavin Newsom’s $267.8 billion budget proposal reflects the wish list of a state “just flush with cash.”

#american-rescue-plan-2021, #budgets-and-budgeting, #california, #coronavirus-2019-ncov, #elections-governors, #newsom-gavin

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Going on a Scavenger Hunt to Finish Your Kitchen Renovation

Since the pandemic has driven home renovation costs up, how about some secondhand ways to save some money?

#budgets-and-budgeting, #content-type-service, #home-appliances, #kitchens, #new-jersey, #quarantine-life-and-culture, #real-estate-and-housing-residential

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F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short

The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.

#budgets-and-budgeting, #federal-bureau-of-investigation, #kurds, #pennsylvania, #pensions-and-retirement-plans, #property-taxes, #teachers-and-school-employees, #wages-and-salaries

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Newsom’s Plan: California’s Middle-Class Taxpayers Could Get a Rebate Under Proposal

Faced with a large state surplus and a looming recall election, Gov. Gavin Newsom has proposed giving at least $600 to two-thirds of California taxpayers.

#budgets-and-budgeting, #california, #homeless-persons, #newsom-gavin, #politics-and-government, #rebates-and-refunds, #taxation

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Schumer Readies Plan B to Push Immigration Changes Unilaterally

Should bipartisan talks stall, the Senate majority leader is exploring trying to use budget reconciliation to legalize millions of undocumented immigrants.

#biden-joseph-r-jr, #budgets-and-budgeting, #congressional-hispanic-caucus, #deferred-action-for-childhood-arrivals, #democratic-party, #dream-act-development-relief-and-education-for-minors-act, #federal-budget-us, #illegal-immigration, #immigration-and-emigration, #infrastructure-public-works, #schumer-charles-e, #senate, #united-states-politics-and-government

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Biden’s Plan Promises Permanent Decline

There’s always a catch when the government gives things “free.”

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #democratic-party, #europe, #organization-for-economic-cooperation-and-development, #politics-and-government, #republican-party, #united-states, #united-states-economy

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A Progressive Vision Is Possible if We Spend Money Thoughtfully Now

The American Rescue Plan has the potential to be the most effective social care package since the 1960s.

#american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #children-and-childhood, #coronavirus-2019-ncov, #democratic-party, #johnson-lyndon-baines, #united-states-politics-and-government

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California Is Awash in Cash, Thanks to a Booming Market

In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.

#apple-inc, #brown-edmund-g-jr, #budgets-and-budgeting, #california, #capital-gains-tax, #coronavirus-2019-ncov, #cupertino-calif, #economic-conditions-and-trends, #executive-compensation, #income-tax, #initial-public-offerings, #newsom-gavin, #standardpoors-500-stock-index, #stimulus-economic, #stock-options-and-purchase-plans, #taxation

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New York, Finally, Taxes the Rich

A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion.

#budgets-and-budgeting, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-city, #new-york-state, #politics-and-government, #state-legislatures

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$2.1 Billion for Undocumented Workers Signals New York’s Progressive Shift

The fund, which could provide payments to hundreds of thousands of people excluded from other pandemic relief, ignited a battle among state lawmakers before it was approved this week.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #illegal-immigration, #new-york-state, #ramos-jessica-1985

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What N.Y. State’s Budget Means

Gov. Andrew Cuomo and the Legislature have agreed on a budget that will raise taxes on the wealthy and help those devastated by the pandemic.

#budgets-and-budgeting, #income-tax, #new-york-city, #politics-and-government, #taxation, #vaccination-and-immunization

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NY Reaches Deal on $212 Billion Budget to Jump-Start Economic Recovery

Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #politics-and-government, #state-legislatures, #taxation, #unemployment-insurance

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New York Reaches Deal on $212 Billion Budget to Jump-Start Recovery

Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #politics-and-government, #state-legislatures, #taxation, #unemployment-insurance

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New York State Is Set to Raise Taxes on Those Earning Over $1 Million

The deal, a sign of Gov. Andrew Cuomo’s weakened influence, would mean wealthy New York City residents would pay the highest combined local tax rate in the nation.

#budgets-and-budgeting, #corporate-taxes, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #taxation

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How a Surprise Candidate Has Shaken Up a Key New York City Election

The late entry of the City Council speaker, Corey Johnson, inserted tension, money and name recognition into the comptroller’s race. The winner will guide New York’s post-pandemic economic recovery.

#budgets-and-budgeting, #democratic-party, #elections-comptrollers, #johnson-corey, #lander-brad, #new-york-city, #politics-and-government, #primaries-and-caucuses

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Suffolk County, Where Police Call the Shots

Fiscal conservatives and liberal activists both want to curb the power of police unions in Suffolk County. Can they do it?

#bellone-steven, #black-lives-matter-movement, #budgets-and-budgeting, #burke-james-1964, #collective-bargaining, #long-island-ny, #organized-labor, #peoples-plan, #police, #police-reform, #spota-thomas-j

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New York Reaches a Deal to Legalize Recreational Marijuana

The move paves the way for a potential $4.2 billion industry, with millions of dollars in sales tax revenue reinvested in minority communities each year.

#budgets-and-budgeting, #cuomo-andrew-m, #law-and-legislation, #marijuana, #new-york-state, #regulation-and-deregulation-of-industry

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Israel Election: Do-Over Vote Looks Likely to Leave Another Stalemate

With 90 percent of ballots counted, the results of the latest election point to another possible stalemate. That has prompted some soul-searching about the state of the country’s democracy.

#budgets-and-budgeting, #elections, #jews-and-judaism, #palestinians, #politics-and-government, #right-wing-extremism-and-alt-right

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Shalanda Young, Top House Aide, Is Confirmed as Biden’s No. 2 Budget Official

Over more than a decade at the House Appropriations Committee, Ms. Young gained credibility with members of both political parties.

#biden-joseph-r-jr, #budgets-and-budgeting, #content-type-personal-profile, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-committee-on-appropriations, #house-of-representatives, #office-of-management-and-budget-us, #united-states-politics-and-government, #young-shalanda

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

Republicans say Congress is infringing on state sovereignty by trying to limit the ability of local governments to control their finances.

#american-rescue-plan-2021, #biden-joseph-r-jr, #braun-michael-1954, #budgets-and-budgeting, #coronavirus-2019-ncov, #democratic-party, #federal-taxes-us, #government-finance-officers-assn, #little-brad-1954, #republican-party, #stimulus-economic, #united-states-politics-and-government

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A Smarter App Is Watching Your Wallet

As artificial intelligence evolves, personal finance programs are working to offer you, and your budget, tailored advice.

#artificial-intelligence, #banking-and-financial-institutions, #budgets-and-budgeting, #content-type-service, #credit-cards, #mobile-commerce-and-payments, #personal-finances, #savings

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Gov. Phil Murphy Unveils N.J. Budget Plan With No New Taxes

A $44.8 billion spending plan unveiled Tuesday by Gov. Phil Murphy calls for no new taxes and fully funds the state pension program for the first time since 1996.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #elections-governors, #labor-and-jobs, #murphy-philip-d-1957, #new-jersey, #stimulus-economic, #taxation, #unemployment, #united-states-economy

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The New Debt Prisons

Entrapping debtors betrays the American idea. It must end.

#budgets-and-budgeting, #credit-and-debt, #criminal-justice, #debt-collection, #ex-convicts, #fines-penalties, #prisons-and-prisoners, #probation-and-parole

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The Senate Has Become a Dadaist Nightmare

No one would ever design a legislative body that worked this way.

#biden-joseph-r-jr, #budgets-and-budgeting, #federal-budget-us, #filibusters-and-debate-curbs, #law-and-legislation, #legislatures-and-parliaments, #senate, #united-states-politics-and-government

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An Invisible Cost of College: Parental Guilt

Is it any wonder that plenty of people are tempted to borrow a whole lot of money to send their kids to college?

#budgets-and-budgeting, #children-and-childhood, #colleges-and-universities, #content-type-service, #financial-aid-education, #grandparents, #parenting, #personal-finances, #the-price-you-pay-for-college-an-entirely-new-road-map-for-the-biggest-financial-decision-your-family-will-ever-make-book, #tuition

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Modi’s Budget for India Reflects Stark Choices

Health care and infrastructure spending received significant increases, but fears about inflation could hold back efforts to get the economy surging again.

#budgets-and-budgeting, #coronavirus-2019-ncov, #defense-and-military-forces, #economic-conditions-and-trends, #gross-domestic-product, #india, #inflation-economics, #internal-storyline-no, #politics-and-government, #rationing-and-allocation-of-resources, #stimulus-economic

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A Casino in Manhattan? Strapped Developers Hope So

With commercial real estate slumping, casino interests are lobbying the state to grant early approval for city-based casinos.

#budgets-and-budgeting, #casinos, #gambling, #ll-holding-co, #law-and-legislation, #new-york-city, #real-estate-commercial, #vornado-realty-trust

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Cuomo Offers Doomsday Proposal to Attack a Possible $15 Billion Deficit

Without a full federal aid package, the state would have to cut $2.6 billion in school and Medicaid spending, the governor said.

#budgets-and-budgeting, #cuomo-andrew-m, #new-york-state, #politics-and-government, #schumer-charles-e, #state-legislatures, #stimulus-economic, #taxation

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Virus Siphons $2.5 Billion in N.Y.C. Property Tax Revenue

The value of office buildings and hotel properties, which have all but emptied out since the pandemic began, is expected to take a nosedive.

#budgets-and-budgeting, #coronavirus-2019-ncov, #de-blasio-bill, #new-york-city, #property-taxes, #real-estate-commercial, #real-estate-and-housing-residential, #schumer-charles-e

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With State in Crisis, Cuomo Outlines Plan to ‘Win the Covid War’

Facing a daunting budget shortfall and a surging second wave, Gov. Andrew Cuomo unveiled New York’s agenda as state leaders seek help from Washington.

#budgets-and-budgeting, #coronavirus-2019-ncov, #cuomo-andrew-m, #gambling, #marijuana, #new-york-state, #state-of-the-state-message-nys

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Legalized Marijuana in New York: This Could Be the Year

With the state facing a budget crisis, a Democratic supermajority in Albany may pave the way for new taxes and the legalization of recreational pot.

#budgets-and-budgeting, #coronavirus-2019-ncov, #cuomo-andrew-m, #marijuana, #new-york-state, #politics-and-government, #state-legislatures, #taxation

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San Francisco’s Top Art School Says Future Hinges on a Diego Rivera Mural

The University of California is aiding the San Francisco Art Institute, but S.F.A.I. officials say selling a $50 million Rivera could save the school. Former students are outraged.

#art, #boards-of-directors, #budgets-and-budgeting, #colleges-and-universities, #finances, #levy-pam-rorke, #murals, #quarantine-life-and-culture, #rivera-diego, #san-francisco-calif, #san-francisco-art-institute, #university-of-california

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How To Spend in 2021

Last year we were just trying to roll with the punches. Hopefully now we can apply some of those survival skills to our finances.

#budgets-and-budgeting, #content-type-service, #personal-finances, #quarantine-life-and-culture, #savings

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With No Tickets to Sell, Arts Groups Appeal to Donors to Survive

Virtual cocktail parties have replaced black-tie galas as cultural institutions struggle to pay their operating costs.

#armstrong-richard-1949, #ars-nova, #borda-deborah, #budgets-and-budgeting, #classical-music, #culture-arts, #detroit-symphony-orchestra, #guggenheim-solomon-r-museum, #kennedy-john-f-center-for-the-performing-arts, #lincoln-center-for-the-performing-arts, #new-york-city-ballet, #new-york-philharmonic, #philanthropy, #quarantine-life-and-culture, #rutter-deborah-f, #timms-henry

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How the Pandemic Is Imperiling a Working-Class College

The coronavirus has hurt Indiana University of Pennsylvania, but its financial problems were planted years ago.

#budgets-and-budgeting, #colleges-and-universities, #coronavirus-2019-ncov, #indiana-pa, #indiana-university-of-pennsylvania, #layoffs-and-job-reductions, #pennsylvania, #tuition

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Trump Signs Pandemic Relief Bill After Unemployment Aid Lapses

After calling the measure a “disgrace,” President Trump abruptly signed it, extending expanded unemployment benefits and an eviction moratorium, and averting a government shutdown.

#budgets-and-budgeting, #coronavirus-2019-ncov, #federal-aid-us, #law-and-legislation, #real-estate-and-housing-residential, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Israel Heads Toward Yet Another Election, Its 4th in 2 Years

A protracted political crisis revolving around Prime Minister Benjamin Netanyahu’s legal troubles has brought the coalition government to the verge of collapse.

#blue-and-white-israeli-political-party, #budgets-and-budgeting, #elections, #gantz-benny, #immunity-from-prosecution, #israel, #legislatures-and-parliaments, #likud-party-israel, #netanyahu-benjamin, #politics-and-government

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Why Some States Are Predicting Higher Revenue Amid Job Losses

As the pandemic batters the poor, the rich prop up state budgets.

#budgets-and-budgeting, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #income-inequality, #politics-and-government, #states-us, #stimulus-economic, #united-states-economy

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