Budgets & Funding

COVID-19 News Round-up for July 24

Budget, Policy & Stimulus News  Lawmakers Trying to Push Through New Relief  Democrats and Republicans remain divided on what a next potential federal stimulus package should look like, but lawmakers “are going to be in an all-out sprint”

Budgets & Funding

COVID-19 News Round-up for July 21

Economic News  No Crash Predicted for Metro Phoenix  The Phoenix area’s housing market is showing no signs of crashing despite job losses and other economic hits because of COVID-19. Contracts to buy Phoenix-area homes priced above $300K soared over the past

Budgets & Funding

COVID-19 News Round-up for July 14

Budget, Policy & Stimulus News  Navajo Nation Approves Initial Aid Expenditures  The Navajo Nation‘s leaders over the weekend approved the tribe’s first expenditures of more than $60M in federal COVID-19 aid, about two months after receiving most of the funds in May. The

Budgets & Funding

COVID-19 News Round-up for July 10

Budget, Policy & Stimulus News  Scottsdale Allocates Relief Funds  On July 1st, Scottsdale City Council accepted $29,628,014 from the AZCares Fund as part of the federal CARES Act. Uses range from utility assistance for residents to providing retrofitting to city businesses that house

Budgets & Funding

Rio Nuevo Approves Tightened 2021 Budget

Source: Rio Nuevo  Facing a substantial reduction in next year’s revenue due to COVID-19, the Rio Nuevo Board approved a break-even budget reflecting an estimated $6M reduction in annual state tax revenue. The District has been dramatically impacted by COVID-19 related business closures and the subsequent economic slowdown.  

Budgets & Funding

COVID-19 News Round-up for July 7

Budget, Policy & Stimulus News  Virus Surge May Force More Business Relief  Because more than $130B remains in funding from the Paycheck Protection Program, Congress has approved a six-week extension for applications. There is speculation that, due to a

Budgets & Funding

COVID-19 News Round-up for June 30

Budget, Policy & Stimulus News  State Budget Expecting $700M Hit  Arizona’s economy has performed better than anticipated since the start of the coronavirus outbreak, but the state is still projected to see a $700M shortfall, according to the legislature’s top budget

Budgets & Funding

COVID-19 News Round-up for June 26

Budget, Policy & Stimulus News  Surprise Gets $16M in CARES Cash   The City of Surprise recently received more than $16M via the Coronavirus Aid, Relief, and Economic Security Act to help offset tax losses and other budget impacts from the COVID-19 pandemic.

Budgets & Funding

COVID-19 News Round-up for June 23

Budget, Policy & Stimulus News  Beyond PPP: Help for Contractors  A recent article in ConstructionDive takes a look at federal loans, tax credit and other assistance programs beyond the Paycheck Protection Program that can be of help to contractors trying

Budgets & Funding

COVID-19 News Round-up for June 19

Budget, Policy & Stimulus News  Mesa Allowing Permit Extensions  Mesa is allowing developers and builders to extend construction and development permits as well as planning and zoning approvals because of the impacts of COVID-19. (Source: Rose Law Group

Budgets & Funding

COVID-19 News Round-up for June 12

Budget, Policy & Stimulus News  Peoria to receive $20M in CARES Act funds  The City of Peoria is about to see some financial relief come its way to address the economic fallout of the COVID-19 pandemic. The State of Arizona has received $441M in

Budgets & Funding

PUSD Preps Big Voter Requests

By Erin Brassey for The Glendale Star  Peoria Unified School District will ask voters to approve a 13 percent budget override and $125M bond in November.  The 13 percent override will continue to provide important funding

Budgets & Funding

COVID-19 News Round-up for June 5

Policy & Stimulus News  Queen Creek Extends Permit, Planning Deadlines  The Town of Queen Creek has announced that all Building, Planning, and Engineering permits, plans, and approvals with expiration dates between 5/1-12/31, or that have approval dates prior to 12/31, have been automatically extended

Budgets & Funding

COVID-19 News Round-up for May 29

Policy & Stimulus News  Gov. Ducey Announces Nearly $600M in Local Relief Funds  The Governor’s Office is providing nearly $600M in coronavirus relief and recovery dollars for local Arizona governments and nonprofits as part of a funding plan

Budgets & Funding

COVID-19 News Round-up for May 26

Economic News  Crisis’ April Housing Market Impact  The coronavirus took its toll on metro Phoenix’s housing market in April, but the pandemic is keeping fewer home buyers on the sidelines in May. Home sales dropped and prices dipped

Budgets & Funding

COVID-19 News Round-up for May 22

Economic News  Experts Fear ‘Credit Infection’  Jim Belfiore of Belfiore Real Estate Consulting and other experts are warning the impacts of unemployment and reduced credit availability could result in a “credit infection” that will affect buyers’ ability to purchase

Budgets & Funding

Maricopa County Approves $3B 2021 Budget

Source: Maricopa County  Maricopa County is putting hundreds of millions of dollars in federal funds to immediate use helping people impacted by the COVID-19 pandemic while also pulling back on discretionary spending unrelated to the crisis.   It’s a one-two effort to best serve taxpayers during a time of national emergency. The Board of

Budgets & Funding

COVID-19 News Round-up for May 19

Policy & Stimulus News  Cities, Counties Pushing for More Funds  Arizona cities and counties are pressing for more funding at both the state and federal levels as they deal with coronavirus outbreak. Local officials from across the state