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NLC survey finds the pandemic highlights importance of basic infrastructure

NLC survey finds the pandemic highlights importance of basic infrastructure
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With Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted

With Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted
When the coronavirus pandemic was declared nearly a year ago, the future for state and local government finances looked grim. Millions of people had lost their jobs, the stock market tanked and governors ordered nonessential businesses to close all of which threatened to pummel many of the tax revenue streams states and municipalities rely on.
Now, the picture appears rosier than many states and localities had feared. State tax revenues, on average, have not fallen as much as initially predicted, and several economic forecasters have ratcheted down their estimates of budget shortfalls. The situation, however, varies widely, with states dependent on tourism or oil like Alaska, Hawaii, North Dakota and Nevada faring worst. ....

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State finances: Pandemic budget hit for many was smaller than predicted

State finances: Pandemic budget hit for many was smaller than predicted
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State finances: Pandemic budget hit for many was smaller than predicted

State finances: Pandemic budget hit for many was smaller than predicted
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With Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted

With Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted
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