Coronavirus

Texas State Infrastructure Bank

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The Texas State Infrastructure Bank (SIB) is a low-cost revolving loan program within TxDOT that offers financial assistance in the form of at or below market rate loans to public or private entities authorized to construct, maintain or finance an eligible public highway project. Eligible projects must be eligible for assistance under existing federal highway … Read more

Texas Class: June 2020 Economic Review

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The Reopening Forging ahead, the U.S. economy is attempting to regain traction with all 50 states reopened in some capacity after shelter-in-place orders were put forth in March. (Full Article)

HdL Consensus Forecast

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Swift reaction to the COVID-19 pandemic by government leaders, consumers, and businesses has caused a sudden and substantial decrease in spending on certain taxable goods and services. National and state responses to COVID-19, combined with uncertainty as to the duration and scope of related economic disruption, make revenue projections during this unprecedented time especially challenging. … Read more

GASB Proposes to Postpone Effective Dates of Certain Pronouncements

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Norwalk, CT, April 15, 2020—The Governmental Accounting Standards Board (GASB) today proposed to postpone the effective dates of provisions in almost all Statements and Implementation Guides due to be implemented by state and local governments for fiscal years 2019 and later.

In light of the COVID-19 pandemic, the Exposure Draft, Postponement of the Effective Dates of Certain Authoritative Guidance, is intended to provide relief to governments. The proposal would postpone by one year the effective dates of provisions in the following pronouncements:

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Your Direct Contact at TMRS

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Dear GFOAT Members, Due to these challenging times of COVID-19, TMRS is keeping you, your employees, and your community in our thoughts and prayers.  I’d like to remind you that you have a contact at TMRS – me.  I’m available to assist you and your employees with any TMRS questions and issues anytime. TMRS is … Read more

GFOAT- COVID-19 Update-April 1

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GFOAT Members and Sponsors, Our world has changed so much in the last 30 days. We have gone from putting the finishing touches on our spring conference and trying to wrap our heads around Senate Bill 2 to social distancing and sheltering in place. We are making decisions daily regarding the safety and security of our citizens … Read more