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​TREASURY UPDATES CORONAVIRUS RELIEF FUND GUIDANCE AND FAQS

Last week, the U.S. Treasury updated its guidance and Frequently Asked Questions regarding the Coronavirus Relief Fund to clarify ongoing questions surrounding the treatment of payroll and benefits of public employees and administrative costs.

OMB FINALIZES CHANGES TO UNIFORM GUIDANCE

The changes are in a number of areas specifically geared toward aligning with the work already underway as part of the President’s Management Agenda. OMB accepted many of NASACT’s suggestions, particularly clarifications regarding the use of “must” and “may.”

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NASACT and other government associations have partnered to develop 2020 State and Local Fiscal Facts, providing accurate information about the conditions of state and local finances, municipal bonds and state and local pensions.