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Preliminary budget forecasts from Central Health show the health care district anticipates a slow down in tax revenue collection growth.
Texas Comptroller Glenn Hegar said the state entered the era of the coronavirus in a healthy financial situation, which bodes well for the future as reopening continues, but that Texans are not out of the woods yet.
As multiple sectors of Austin’s economy temporarily closed stores to customers as part of a nationwide effort to stop the spread of the coronavirus, more than 100,000 Austin jobs were lost in the process.
The layoffs represent 3% of the health system’s workforce.
The University Interscholastic League released guidelines for allowing sports workouts and marching bands to practice.
The local unemployment rate remains below the statewide and national rates.
Texas state agencies and institutions of higher education to expect a 5% reduction in budget plans for the 2020-21 biennium as part of the state's response to the economic ramifications of the ongoing coronavirus pandemic.
“Small businesses are having to pivot, and we are seeing that. We are having businesses that had one business model that had to change," said Adriana Cruz, executive director for economic development and tourism in the Office of the Texas Governor.
Officials anticipate drawing from federal funds to ensure no delays in benefit payments.
Plano-based J.C. Penney filed for bankruptcy protection May 15, a move the company said would help it navigate the difficult business climate during the ongoing coronavirus pandemic.
Nationwide sales of retail, food services plummet in March, April amid social distancing, stay-at-home orders
As many businesses are operating on decreased capacities or have shut down completely, one side effect is a dip in monthly sales for retail and food services.
Small businesses have until June 30 to apply, but officials recommend applying early, as money is being distributed on a first-come, first-served basis.
The Texas Workforce Commission data looks at the number of claims made each week between March 7 and May 2.
The county has issued $2.8 million of relief to area small businesses.
Unemployment numbers hit a record high in April, the highest level recorded since 1948, when these reports were first issued.
The funds raised will be distributed to nonprofits, school districts and government organizations across Texas to help promote economic development, health care and education.
The city of Austin’s slowdown of generated sales tax revenue in March was less drastic than figures collected across the state.
Applications can be submitted online at www.wilco.org/forward beginning at 5:30 p.m. May 6.
Williamson County commissioners hire law firm to address ‘Live PD’ controversy; move could mean future legal action
The Williamson County district attorney has not been able to prosecute any cases using "Live PD" footage because the sheriff will not provide it as evidence, Precinct 4 Commissioner Russ Boles said.
Sales tax revenue collected by the state of Texas in April totaled $2.58 billion, a more than 9% drop compared to April 2019,
43.39% of restaurant owners choosing to reopen dine-in service May 1, Texas Restaurant Association survey shows
Texas restaurants have not been permitted to offer dine-in services since mid-March but could start again beginning May 1.
New state data shows more than 4% of Northwest Austin residents filed for unemployment insurance from mid-March to mid-April.
Only a few brewpubs in and around Austin have announced plans to open their doors to customers May 1, even as revenue continues to dwindle statewide.