The Annual Survey of State Government Finances captures the effect of CARES Act funding and its impact on government finances.
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America Counts: Stories Behind the Numbers
How Did CARES Act Funding Impact State Revenues, Spending? [ [link removed] ]
How Did CARES Act Funding Impact State Revenues, Spending?
The CARES Act, passed on March 27, 2020, provided funding to state governments for COVID-19 relief for only the last three months of fiscal year 2020, but even so, it seems to have had a major impact on some states? finances compared to 2019.
The U.S. Census Bureau?s?Annual Survey of State Government Finances?captures the effect of the CARES Act funding and offers a glimpse of its impact on government finances.
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For example, as a result of the additional funding for April, May and June of 2020, eight states saw more than a 50% increase in government funding. Nine states increased health expenditures by more than 20%, three of them by more than 50%. *Continue Reading... [ [link removed] ]*
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