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The economy remains in a deep recession, and state and local governments have been hit particularly hard ([link removed]) .

We now project that the state budget shortfalls expected from COVID-19’s economic fallout will total a cumulative $615 billion ([link removed]) over the current and next two state fiscal years.

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While the private-sector job market performed somewhat better in May than many economists had expected, states remain in dire straits. In just three months, state and local governments have furloughed or laid off more than 1.5 million workers ([link removed]) — twice as many as in all of the Great Recession.

Many of these and other workers will lose their jobs permanently ([link removed]) in the coming weeks as states cut spending to balance their budgets, unless the federal government provides substantially more aid.
Read the Report ([link removed])
Download the PDF (3pp) ([link removed])
Additional Resources
* To Support Education, Congress Should Provide Substantial Fiscal Relief to States and Localities ([link removed])
* States Grappling With Hit to Tax Collections ([link removed])
* How Much Would Each State Receive Through the Coronavirus State Fiscal Relief Fund in the Heroes Act? ([link removed])
* We’ve compiled all of our COVID-19 analysis in one place and updating it regularly. ([link removed])

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Contact: Caroline Anderson-Gray (mailto:[email protected]?subject=CBPP%20Email%20Response) , 202-408-1080, Director of Digital Strategy

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