-
Save the date for SSTI's 2024 Annual Conference
Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and sign up to receive updates.
-
As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
-
Subscribe to the SSTI Weekly Digest
Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!
States Would Receive $20B in Fiscal Relief under Senate Bill
A bill that includes $20 billion for state fiscal relief was to be voted on by U.S. senators Thursday, according to the Federal Funds Information for States (FFIS), a joint subscription service of the National Governors' Association and the National Conference of State Legislatures.
Half of the $20 billion State Fiscal Relief Fund would come through an increase in the federal share of Medicaid. The remainder would be divided 60/40 between state and local governments if S. 1054, the Jobs and Growth Tax Relief Reconciliation Act of 2003, is enacted.
The $20 billion in fiscal relief, to be spread over fiscal years 2003-2004, could go toward education or job training, health care services, transportation or other infrastructure, law enforcement or public safety, and other essential government services.
Senate debate on the Jobs and Growth bill began Monday, May 12, after the House passed reconciliation legislation a week ago allowing for $550 billion in tax breaks. The Administration's request was for $726 billion. S. 1054 is available in its entirety at http://thomas.loc.gov/.