"Link for AGA members only
"States and cities were not ready for surprises, much less something on the scale of COVID-19. The problem is that economic crises, as defined by recessions, are no longer unexpected. … they routinely occur every seven to 10 years. Balanced budget requirements are clearly not working, and they are leaving state and local governments financially vulnerable in these crises." Sheila's note: AGA will allow us to post the full piece on our website on July 1."
Read the full article on: Journal of Government Financial Management