State and local governments rake in surpluses after pandemic

Ronald Mau and Fang Yang

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The existence of large sums in state and local government coffers runs counter to historic post-recession trends. State and local governments usually grapple with budget shortfalls due to rising social program demands and weak revenue streams following recessions.

Keywords: Public Finance; COVID-19 (search for similar items in EconPapers)
Date: 2023-12-19
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:97516

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