On Thursday, March 12, 2021, President Biden signed into law a $1.9 trillion COVID-19 relief package, H.R. 1319, the American Rescue Plan of 2021 (the “ARP”). The ARP includes $350 billion in aid for state and local...more
The economic hardship arising from the COVID-19 pandemic is likely to impact municipal cash flows in two broad areas: local collections from sources such as property taxes, hotel and meals taxes and auto excise taxes, and...more