Business Bulletin – June 11, 2020

In order to keep you informed on the evolving impact of COVID-19 on our local community, the Plano Chamber will be publishing updates on Mondays and Thursdays as the Business Bulletin. We will share the top news items that you need to read to stay up-to-date on important health, community, and business issues as they develop.

June 11, 2020

FEDERAL

• The Federal Reserve is projecting that the unemployment rate will be more than 9% by year-end, falling to 6.5% by the end of 2021.

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STATE

• Statewide sales tax revenues are falling and unemployment rates are rising. The economic impact from the pandemic is expected to create a multi-billion dollar shortfall in the state’s current two-year budget, according the Texas Comptroller Glenn Hegar.
• Runoffs for the Democratic candidate State Representative of District 67 will be held Tuesday, July 14th. Early voting begins Monday, June 29th and continues through Friday, July 10th. If you are not already registered, Monday, June 15th is the last day to register to vote. Not sure if you’re registered? You can check on the Texas Secretary of State’s website.