COVID-19 Challenges State and Local Government Finances

Alison Felix

Economic Bulletin, 2020, issue May 13, 2020, 4

Abstract: As the coronavirus pandemic wreaks havoc on the U.S. economy, state and local governments will not be immune from the pain. In the near term, governments face liquidity challenges, as many tax deadlines have been postponed. In the longer term, governments will experience large revenue declines that may lead to significant budget cuts.

Keywords: Local government; State government; Federal Reserve District, 10th; COVID-19; Pandemic (search for similar items in EconPapers)
JEL-codes: H7 H71 H72 (search for similar items in EconPapers)
Date: 2020
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