How universities in DC are spending their higher education emergency relief funds
Universities across the District have used their federal coronavirus relief dollars in different ways. While most have used the money to pay down student tuition balances and recover lost revenue, some schools used it to buy and install new air filtration systems and pay for licenses for Zoom.
Behind the council vote to tax residents making more than $250K, and other budget amendments you might not have heard about
The D.C. Council debated several amendments to fiscal year 2022 budget legislation to include a measure to tax high-income earners at a higher rate to support a number of new initiatives, as well as a failed measure to allocate additional funds for hero’s pay — a financial incentive program for the city’s essential workers. The final votes are coming up in early August.
DC Council passed a law prohibiting DC businesses from refusing cash. However, local cashless businesses are booming
The District passed a law late last year that prevents businesses from discriminating against customers using cash for payments. But so far the law has done little to prevent the growth of cashless businesses in the city.
DC residents owe the highest student loan debt per capita in the US. Councilmembers asked the federal government to cancel it
Among a tripling in national student loan debt from $600 billion in 2008 to over $1.7 trillion last year, D.C. residents lead the nation in debt, with the average borrower burdened with a whopping $60,651. In response, the D.C. Council has joined a growing chorus of cities asking the Biden Administration for debt relief.
Tax assistance available for low-income people facing challenges collecting credits and stimulus checks
Low-income filers will be able to claim missed stimulus funds in addition to typical credits in their 2021 tax forms. Despite COVID-related difficulties, free tax preparation services and legal assistance are available to help people with less than $57,000 in yearly income.
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