Local education employment fell by nearly 300,000 between May and June this year on an unadjusted basis according to the Bureau of Labor Statistics Current Employment Statistics (CES). When viewed through the “seasonally adjusted” lens — the most commonly quoted… Continue Reading →

June 21st was the two-year anniversary of the U.S. Supreme Court’s ruling that allowed states to collect sales taxes on internet purchases in South Dakota v. Wayfair et al.  The gist of the decision had to do with the lack… Continue Reading →

So far, federal help to state and local governments has been limited and complex.  The first stimulus program (CARES Act; P.L. 116-136), signed March 27, 2020, allocated $150 billion to states, counties with more than 500,000 and cities with more… Continue Reading →

The first CARES Act report to Congress came out yesterday and this morning at 10:00am Eastern, Fed Chair Jerome Powell and Secretary Steven Mnuchin will be presenting to the Senate Banking Committee.  (Or you can watch a live stream here… Continue Reading →

The first Chapter 9 case to be filed this year was the Jack County, Texas Hospital District (d/b/a Faith Community Health System – case # 20-40858).  The filing had nothing to do with the COVID-19 virus but rather a dispute over… Continue Reading →