Fed Chair says federal budget needs "return to a sustainable path," but "the time is not now."
When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."cbsnews.com
Coronavirus in Illinois updates: Here’s what happened Feb. 5 with COVID-19 in the Chicago area
Among more than 150 readers who told the Tribune in an informal online survey about their experiences trying to get the vaccine, Dyra-Hamel was among the earliest to get it. Most of those who responded said the hardest part was trying to sign up for an opening, while actually getting the shot was easy. Many said they spent a long time scrambling to sign up online, and lucked out to get a slot.chicagotribune.com
Chicago Mayor Lori Lightfoot’s budget includes recurring property tax increase, 3-cent gas tax hike and layoffs for city workers, as she seeks to close $1.2B deficit
“The lessons I take from that history are many. Importantly, as Chicagoans, throughout our history we have been tested and we have repeatedly risen to meet and exceed every challenge,” Lightfoot said to a handful of staffers in an otherwise empty City Council chambers. “But what I also know, as a woman of color, is that this time, in 2020, as we rebuild, we must continue to bring others along with us on the journey toward the next chapter in our shared destiny. We cannot afford to leave anyone behind.”chicagotribune.com
Mayors budget includes $100 million for Northwest Jacksonville community
Of the budget, $250 million is for capital improvements -- city projects like a new library in Oceanway. Of that, $100 million is targeted to go to Northwest Jacksonville, where promises made during consolidation more than 50 years ago were never kept. With this budget, I maintain the top spending priority for public safety, Curry said during his budget presentation. This budget also includes prevention and intervention programs like Cure Violence with the Kids Hope Alliance, he said. One hundred million dollars can cover about three to four blocks inside of a city when we talk about infrastructure.
Jacksonville mayor presents $1.34B budget to City Council
JACKSONVILLE, Fla. – Jacksonville Mayor Lenny Curry on Wednesday laid out his upcoming budget to the City Council, and right now, it does not call for a tax or fee increase. Some Jacksonville City Council members are already saying it’s a possibility. City Council would certainly have the ability to change that if they like.”City Council President Tommy Hazouri and others talked about that possibility. READ: Proposed annual budget for fiscal year 2020-21 | Jacksonville mayor’s budget address to City CouncilLast year’s budgetLast year, the mayor proposed a $1.37 billion budget. The budget approved by the City Council was $1.2 billion.
Painful health care vetoes predicted for Florida budget
The News Service of Florida obtained a nine-page spreadsheet that contains more than 175 health and human-services projects, slated to receive $99.4 million, that could get vetoed. The Florida Health Care Association, the states largest nursing home group, sent a letter to DeSantis in April asking him not to veto the increase. Lawmakers also funneled $128 million in new state and federal funding to the Agency for Persons with Disabilities. The Florida Developmental Disabilities Council sent a letter to DeSantis in May asking him to keep the increased funding intact. Additionally, lawmakers approved spending $10.3 million in state money so the Agency for Health Care Administration can hire a contractor to help Florida get a Canadian prescription-drug importation program established.