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July 31, 2021


States and Cities Scramble to Spend $350 Billion Windfall

New York Times
WASHINGTON — When Steve Adler, the mayor of Austin, heard the Biden administration planned to give billions of dollars to states and localities in the $1.9 trillion pandemic aid package, he knew exactly what he wanted to do with his cut. The remarkable growth of the Texas capital, fueled by......

Covid Testing Has Turned Into a Financial Windfall for Hospitals and Other Providers

Pamela Valfer needed multiple covid tests after repeatedly visiting the hospital last fall to see her mother, who was being treated for cancer. Beds there were filling with covid patients. Valfer heard the tests would be free. So, she was surprised when the testing company billed her insurer $250 for......

Biden infrastructure, clean energy plan may be windfall for investors

CNBC – For more and to sign up click here US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s infrastructure initiative — and the measures it contains to curb climate change — may be a tailwind for......

Roblox CEO Baszucki is worth over $4 billion, and his college bud’s VC firm just made a windfall

CNBC – For more and to sign up click here David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California. Ian Tuttle | Getty Images Neil Rimer recalls having early conversations about what became Roblox when he was studying at......

The $1 billion Mega Millions jackpot has a winner. Here are tips for handling the windfall

CNBC – For more and to sign up click here MARK RALSTON | AFP | Getty Images Someone in Michigan is kicking off their weekend a whole lot richer. A single ticket sold in the Wolverine State hit all six numbers drawn Friday night to land the $1 billion Mega......

California’s tax windfall is $15.5 billion, Newsom tells tech industry group

USA TODAY – For more and to sign up click here John Myers Gov. Gavin Newsom’s upcoming state budget will assume California’s tax windfall is $15.5 billion, he said Tuesday during an event held by a technology industry trade group. The governor revealed the estimate during an online presentation during......

Column: Newsom and legislators got a surprise windfall. They should resist the urge to spend

USA TODAY – For more and to sign up click here George Skelton Gov. Gavin Newsom and legislative leaders can be thankful for one surprise holiday gift: a huge windfall of tax dollars. But this is a one-time present. Sacramento Democrats should resist the temptation to quickly spend the billions......

California could see a $26-billion windfall followed by growing deficits, analysts say

USA TODAY – For more and to sign up click here John Myers California’s state budget faces a dramatic boom-and-bust period over the next four years, analysts said Wednesday, a roller-coaster period that could begin with a $26-billion tax windfall and later plunge to a projected deficit of $17.5 billion......

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