State and Local Finances During the COVID-19 Crisis

Episode Details

State and local finances have been hard hit by the COVID-19 pandemic, with 1.5 million city and state employees losing their jobs since February, and numerous cities slashing spending on police, firemen, parks, sanitation services and other expenditures as revenues fall. In this episode of EconoFact Chats, Michael Strain, Director of Economic Policy at the American Enterprise Institute discusses the financial constraints and challenges facing state and local governments in the wake of COVID-19.