Policy analysts estimate that state and local revenue losses due to the COVID-19 pandemic will total about $300 billion through FY 2022. While this number is lower than even more dire numbers previously predicted, pandemic-related costs continue to rise in many localities, resulting in budget deficits that may force states to cut back on other services, lay off workers, or raise taxes.
Read our white paper ‘ 4 Ways the Pandemic Has Forced Governments to Rethink Budgeting’
