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Why MTA finance chief urges vigilance

Why MTA finance chief urges vigilance
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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State and Local Revenue Has Rebounded to Pre-Pandemic Levels

eye on the news
Their Cups Runneth Over
State and local government revenues have recovered from the pandemic, and further federal aid is unnecessary.
Economy, finance, and budgets
Covid-19
“California is not only poised for recovery, but we’re seeing real signs of recovery in our state,” Governor Gavin Newsom announced in early January, as he unveiled a state budget with record spending fueled by a $15 billion budget surplus. Yet two weeks later, Newsom sent a letter to President Biden expressing support for his plan to give an additional $350 billion in aid to state and local governments.
Similar stories have played out in other states. “We’re going to need a robust federal support system to help our states and economies recover beyond the federal CARES funds that expire at the end of the year,” said Wisconsin governor Tony Evers in November. Yet within weeks, the state was projecting a budget surplus, and by January it had rev ....

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Opinion | Sherrod Brown: Progressives Will Be 'Pretty Happy' With Biden

Jan. 14, 2021
Credit.Sarah Silbiger/Getty Images
Early in the morning on Jan. 6, Senator Sherrod Brown of Ohio woke up pleasantly surprised. Democratic victories in both Georgia Senate runoffs the night before meant he was suddenly poised to become chairman of the Senate Banking and Housing Committee, whose expansive purview includes oversight of the nationâs central bank, our financial system, the housing market and a wide network of executive branch agencies.
Only hours later, Mr. Brown found himself sheltering in place in a secure location with 74 other senators as an insurrectionist mob of Trump supporters laid siege to the Capitol building to stop the certification of President-elect Joe Bidenâs victory in Novemberâs election. ....

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