Aug 02, 2020
Treasury Department: States, Local Governments Spend Only 25 Percent of CARES Act Subsidies
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As deliberations continue in Congress over how to allocate another $1 trillion worth of stimulus money, governors and mayors say they need more than the $139 billion already allocated to their states in March to cover revenue shortfalls.
A total of $150 billion was allocated to help state, local and tribal governments with specific COVID-19 response programs.
But according to a new report published by the U.S. Treasury Department’s Office of Inspector General, states have spent only 25 percent, or roughly $34 billion of $139 billion allocated to states through the CARES Act.
The National Governor’s Association says states need an additional $500 billion, and have already allocated roughly 74 percent of CARES Act funding.
The U.S. Conference of Mayors argues cities need an additional $250 billion to cover their budget shortfalls.
Demand for more federal money from Congressional Democrats includes another $915 billion for states and cities, a total higher than these groups’ combined requests.
The National Conference of State Legislatures also argues that states need more money. In an appeal to Congress and the White House, it argued, “The economic impact of the coronavirus recession varies by state. However, every state is coping with revenue shortfalls and more than half the states, from all parts of the nation, are looking at severe budget problems that will certainly lead to dramatic cuts in critical services.”
According to the Treasury Department, municipalities and cities with populations of 500,000 or more were eligible to receive direct federal funding.
The Treasury report is based on data that was self-reported by states and cities, reflecting money spent between March and June 30.
Of states and cities that spent the majority of their allocated funds, it found that California had used the most – 75 percent of its $15.3 billion worth of federal COVID-19 funds. Other top spenders are Colorado, which has spent 56 percent of its $2.2 billion; New York, 53 percent of its $7.5 billion; West Virginia, 49 percent of its $1.25 billion; Iowa, 46 percent of its $1.25 billion; and Maryland, 43 percent of it $2.3 billion.
Several cities spent half or all of the money they received in three months. Nassau County, New York, spent the most – 100 percent of its funding; followed by New York City (99 percent); Las Vegas (93 percent); Detroit (90 percent); Sacramento County (82 percent); San Francisco (65 percent); Phoenix (58 percent); and Los Angeles (50 percent).
CARES Act funding could only be used for COVID-19-related expenses, not toward budget holes or lost revenue.
Senate Republicans argue their newly proposed “HEALS Act” would give states flexibility on how to use the unspent COVID-19 funding.
“We’re not going to have a no strings attached bailout for states that have longstanding fiscal problems,” Sen. Tom Cotton, R-Ark., told Fox News.
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Bethany Blankley is a contributor to The Center Square.
News Source: tennesseestar.com
Mostly Peaceful Riots Leave Cities Mostly Not In Flames [Satire]
The following is mostly satirical.
The mostly peaceful violence in Portland continues as Joe Biden voters and other Democrats continue to mostly not riot leaving the city mostly not in flames.
The protesters, who are mostly idealistic young people except during those few hours when they are destructive thugs, mostly did not assault unarmed elderly people leaving most of the local elderly not terrorized or covered in paint.
Most of the time the mobs of usually not rampaging masked marauders were mostly not shining lasers into the eyes of policemen in attempts to blind them. And they could very often be seen not setting local stores on fire as when they were trying to destroy government buildings which they were mostly not doing either.
Around the country, journalists were mostly not reporting on what the mostly peaceful rioters were mostly not doing.
And in fact the journalists themselves spend only about a third of the day at work and so are mostly not spreading disinformation like hideous, bottom-feeding swamp creatures who have somehow evolved the capacity to lie with completely straight faces — unless, of course, they also lie to their friends and families in which case they’re mostly not mostly not hideous, bottom-feeding swamp creatures but mostly are. Which would mostly not be surprising.
For example, the New York Times, a former newspaper, mostly didn’t report the mostly peaceful havoc being mostly not wreaked by the mostly peaceful Democrat thugs and other Joe Biden voters in Seattle.
But then suddenly, the New York Times did report the mostly peaceful destruction that left most of the city not a shambles, so that many Times readers said, “Whoa, I’ve been mostly lied to and am now mostly ignorant about what’s mostly going on because I’ve mostly been reading the New York Times and now mostly feel like a schnook.”
The mostly peaceful riots will mostly not spread into residential areas so that residents will mostly not be terrorized in their homes.
So that’s mostly great. Until the person terrorized happens to be you.
More satire from Andrew Klavan: Democrats Accuse Barr Of Interrupting Their Riots With Rule Of Law
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