Daily Business Bulletin – May 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 every weekday as the Daily 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.

May 11, 2020

FEDERAL

• House Democrats expect to unveil their draft of a fifth relief bill early this week, dubbed the CARES Act 2.  With an expected price tag of more than $2.2 trillion, and Republicans signaling they would prefer to wait a few more weeks before passing what could be the final major relief bill, Congress is set for a showdown over this legislation.

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STATE

• As outlined by The Statesman, Texas is showing some promising signs in some metrics in its fight against the Coronavirus pandemic.
• The Texas Rainy Day Fund, a treasured savings account for the state, will be a key focus in the upcoming legislative session in January.

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REGIONAL/LOCAL

• The City of Plano reported a 5% drop in sales tax revenue for the month of March.
• Plano ISD announced its plans to celebrate graduates of Class of 2020 through virtual celebrations and a variety of other online events and options.
• The City of Dallas announced furloughs for 500 employees on Friday.