State and local governments do not need half a trillion in COVID relief

Editorial  |  February 23, 2021

Includes “The American Rescue Plan currently making its way through Congress contains over $500 billion of aid to state and local governments. … While the economic downturn did take a toll on state and local revenue collections, that revenue decline has largely recovered on average — with some states doing better than others — and losses to date have mostly been covered by the $360 billion of federal aid to state and local entities enacted so far.”

Read the full article on: Committee for a Responsible Federal Budget

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