Justin Theal

Sep 21, 2024 | thecouriertimes.com | Justin Theal |Liz Farmer

The Federal Reserve intended for Wednesday’s interest rate cut of 0.5 percentage points to stimulate the broader economy, but this shift in monetary policy also represents a subtle but important change in the operating environment for state budgets. Interest rates affect every aspect of government finance, from revenue to infrastructure projects, and although the effects on state and local budgets will be gradual, the first rate cut in four years sends a message.

Sep 18, 2024 | route-fifty.com | BedLock Safety |Justin Theal |Liz Farmer

The Federal Reserve intended for today’s interest rate cut of 0.5 percentage points to stimulate the broader economy, but this shift in monetary policy also represents a subtle but important change in the operating environment for state budgets. Interest rates affect every aspect of government finance, from revenue to infrastructure projects, and although the effects on state and local budgets will be gradual, the first rate cut in four years sends a message.

Sep 18, 2024 | pewtrusts.org | Justin Theal |Liz Farmer

First interest rate cut in 4 years to gradually benefit government finances Article September 18, 2024 By: Justin Theal & Liz Farmer Read time: Share What the Federal Reserve’s Policy Shift Means for State and Local Budgets Mandel Ngan AFP via Getty Images The Federal Reserve intended for today’s interest rate cut of 0.5 percentage points to stimulate the broader economy, but this shift in monetary policy also represents a subtle but important change in the operating environment for state...

Nov 9, 2023 | pewtrusts.org | Justin Theal |Liz Farmer

Congress must agree on a budget by Nov.

May 3, 2023 | pewtrusts.org | Rebecca Thiess |Justin Theal

The federal government took many historic actions in its response to the dual economic and public health crises spurred by the coronavirus pandemic, including providing hundreds of billions of dollars in added fiscal support directly to state governments. This aid to states was unprecedented in scale, speed, and flexibility.