Discover and read the best of Twitter Threads about #CARES
Most recents (6)
Unsustainable #RVA finances @RTDNEWS We already have higher tax rate than Fairfax Co. $1.5B in #DD TIFs are payday loans against future taxes while future also has MANDATORY Wastewater Bill Cost of $1.3B @rvabizsense #RVAcouncil @CBS6 @DaveRess1 @NBC12 Can't afford #DD project 
Cost figures for DiamondDistrict $1.5B AND $1.3B for MANDATORY WasteWater project, NOT reflecting inflation.The loss of TIF payday loans $ is money we don't have 4 Sewer Project, let alone for @RPS_Schools & @RichmondPolice Please review @Jeffersoninst Tell #RVA if this works
#RVA's mismanagement of federal funds from #CARES can adversely impact the city's ability to get future fed funds. This reflects admin lack of fiduciary responsibility, from day 1. City auditor told #RVAMayor @RPS_Schools needed audit. Stoney fired him next day. Still the same.
The final rules for #ARPA are still pending, but that hasnāt stopped cities & counties from starting to think about, collect input on, and deploy these important resources. This weekās #GOPCThread highlights themes weāre seeing in #Ohio.
.@ICMA surveyed its members thru mid-Sept ā21 and found, nationally, top priorities for local #ARPA $ were 1) sewer & water infrastructure improvements and 2) revenue replacement #GOPCThread
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Many communities in Ohio have announced they will be allocating funds to reduce debts created by the pandemic; some munis + counties, like, @CityofMansfield, have already allocated their funds. #GOPCThread
Excited to participate in @CathULawās #COVID19 and Rescuing Small Business alongside Prof. Megan La Belle and @PilieroMazzaās Cy Alba. Join us on July 30 at 5:30PM as we discuss the #CARES Act, #PPP, #APA, and other legal topics. For more info, visit law.edu/news-and-eventā¦.
@ABAAdLaw Hope our colleagues focused on administrative law issues can join us on Thursday! The #CARES Act waived APA 553ās notice and comment, but what about APA 552? Does #PPPās economic need prong contradict the Act? Tune in to hear more!
@TheBigBidTheory Looks like another round of #PPP funding may become available for millions of #smallbiz under Sens. Rubio and Collinsā plan. Hopefully we can avoid the administrative pitfalls we saw in the first attempt.
1/ We have what we believe to be the formula for Tranche 2 of the $10B remaining of the $50B general allocation #CARESAct relief grants--caveats--members of Congress have asked for formula & have not received it so + we don't know if Tranche 1 received on 4/10/20 will be .....
2/ deducted from the total of what they are expected to receive in Tranche 2 & if the $75B from #Cares "3.5" will be decided this way--so #physician group TIN 2018 total revenue divided by $2.5 trillion times $50B--$2.5 trillion because that was total #CARESAct funding & then....
3/ multiplied by the amount of $50B general allocation funding 2 determine what percentage of the total $50B the physician group should be receive. Also addresses the criticism that HHS should not base $ on Medicare receivables. Stay tuned--no Tranche 2 w/out attestation on 1.
1/7 Young adults are getting rocked by this recession. If we learned anything from the #GFC, we know the recovery will be slow & costly for them. But doesnāt have to be. We can act now to prevent another ālostā generation. My take: newamerica.org/education-poliā¦ @NewAmericaEd
2/7 Recessions hit young people hard. Recoveries reach them late. Already, youth #unemployment has topped 14%. Many students are rethinking college plans, questioning the wisdom of taking on debt in this economy. Tens of thousands of US teens are MIA from virtual HS classes.
3/7 If young people disconnect at high rates from school and the #workforce, the costs will be enormousāboth to them and to our economy. The #CARES Act may provide relief to a subset, but many of our most vulnerable young adults will not benefit.
1) On Friday @IRSnews issued NEW #FAQs resolving whether an employer that receives a #PPP #Loan may defer Employer portion of #socialSecurityTaxes under #CARESAct irs.gov/newsroom/deferā¦
2) Employers receiving #PPPloans may not defer the deposit&payment of the Employer share of #SocialSecurity tax "otherwise due AFTER the employer receives a decision from the lender that the loan was forgiven." #IRSFAQ #1
3) The deferral applies to deposits&payments of an Employer's share of #SocialSecurity #tax that would otherwise be required to be made during the "Payroll Tax Deferral Period" (March 27 through December 31, 2020). #CARES #Section2302 @IRSnews #FAQ 2
