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Finance staff brief committee on temporary federal grant pause, monitoring risks to Madison funding
Summary
City of Madison finance staff on Feb. 3 briefed the Finance Committee on federal memoranda and court actions that briefly sought to pause some federal grants and loans and outlined where the city may be exposed.
City of Madison finance staff briefed the Finance Committee on Feb. 3 about recent federal memoranda and court actions that briefly sought to pause federal grants and loans and the potential implications for city funding.
Dave, speaking for the finance department and mayor's office, summarized actions at the federal level: an OMB memorandum instructed agencies to pause certain grants and loans, effective Jan. 28 at 5 p.m. Eastern; courts temporarily blocked the pause; OMB issued a follow-up memorandum and another federal judge issued a temporary restraining order blocking suspension in 22 states,…
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