The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.
In the MSRB’s first report showing data from March 24, trades topped 87,215, which is likely a record, said Marcelo Vieira, MSRB director of research.
Gov. Phil Murphy’s administration places nearly $1 billion of discretionary spending in reserve through the 2021 fiscal year amid economic struggles from virus.
The Disaster Emergency Funding Board, authorized in 1973, will consider Gov. Gina Raimondo's request for up to $300 million short term borrowing.
The regulation issued late on Tuesday directs state-regulated financial institutions to give mortgage borrowers at least 90 days of forbearance if they can show financial hardship resulting from the coronavirus pandemic. It also requires banks and credit unions to provide relief on ATM fees and credit card late payment fees.
Public finance advocates said the Senate bill has been broadened to authorize the Federal Reserve to purchase all types of bonds that are sold on the secondary market.
The short-term funding for airports and transit agencies in stimulus bills won’t be a substitute for the stability of long term financing.
They asked for a combined $4.4 billion.
New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.
Realtors are taking advantage of nearly every type of modern technology to maintain the embers of the real estate market.