Here are 8 numbers that sum up the financial crisis facing state and local governments: by theothersarahh
... [+]As the coronavirus crisis continues to force business closures and layoffs across the country, state and local finances are stretched to the limit. The cost of healthcare and public services is soaring as states attempt to contain the virus. Meanwhile, tax revenues are plummeting as jobs disappear and spending slows.
That’s the combined budget shortfall that states are projected to face through 2022, according to theThat’s the percentage of cities that say it will be more difficult to meet the financial needs of their communities in fiscal year 2021 compared to the prior, according to a new report from theThat’s the portion of cities that delayed capital expenditures or infrastructure projects in June, according to...
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