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The nonlocal response of plasmonic materials and nanostructures is usually described within a hydrodynamic approach which is based on the Euler-Drude equation. In this work, we reconsider this approach within linear response theory and employ Halevi's extension to this standard hydrodynamic model. After discussing the impact of this improved model, which we term the Halevi model, on the propagation of longitudinal volume modes, we accordingly extend the Mie-Ruppin theory. Specifically, we derive the dispersion relation of cylindrical surface plasmons. This reveals a nonlocal, collisional damping term which is related to earlier phenomenological considerations of limited-mean-free-path effects and influences both, peak width and amplitude of corresponding resonances in the extinction spectrum. In addition, we transfer the Halevi model into the time-domain thereby revealing a novel, diffusive contribution to the current which shares certain similarities with Cattaneo-type currents and analyze the resulting hybrid, diffusive-wave-like motion. Further, we discuss the relation of the Halevi model to other approaches commonly used in the literature. Finally, we demonstrate how to implement the Halevi model into the Discontinuous-Galerkin Time-Domain finite-element Maxwell solver and are able to identify an oscillatory contribution to the diffusive current. The Halevi model thus captures a number of relevant features beyond the standard hydrodynamic model. Contrary to other extensions of the standard hydrodynamic model, its use in time-domain Maxwell solvers is straightforward -- especially due its affinity to a class of descriptions that allow for a clear distinction between bulk and surface response. This is of particular importance for applications in nano-plasmonics where nano-gap structures and other nano-scale features have to be modeled efficiently and accurately.