State budget balancing strategies COVID-19 and the Great Recession Marilyn M. Rubin, Katherine Willoughby
By: Rubin, Marilyn
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Contributor(s): Willoughby, Katherine G.
Material type: 
ArticlePublisher: 2021Subject(s): PANDEMIAS | CORONAVIRUS | CRISIS ECONOMICAS | RECESIONES ECONOMICAS | POLITICA FISCAL | PRESUPUESTOS | ESTADOS UNIDOS
In:
Public Budgeting and Finance v. 41, n. 3, Fall 2021, p. 22-41Summary: This research compares state budget balancing strategies taken during the COVID-19 pandemic and the Great Recession of 2007–2009. Distinguishing features of the two crises, as well as differences among the states, lead them to engage such strategies in similar and dissimilar ways. Federal aid during both fiscal disasters is also distinctive. During the Great Recession, federal stimulus funds to states supported budget balancing efforts. In contrast, until the COVID-19 relief bill of March 2021, federal assistance was primarily funneled directly to individuals and businesses and for pandemic-specific spending. This left states on their own to close budget gaps fueled by COVID-19.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1716/2021/3-2 (Browse shelf) | Available | OP 1716/2021/3-2 |
Resumen.
Bibliografía.
This research compares state budget balancing strategies taken during the COVID-19 pandemic and the Great Recession of 2007–2009. Distinguishing features of the two crises, as well as differences among the states, lead them to engage such strategies in similar and dissimilar ways. Federal aid during both fiscal disasters is also distinctive. During the Great Recession, federal stimulus funds to states supported budget balancing efforts. In contrast, until the COVID-19 relief bill of March 2021, federal assistance was primarily funneled directly to individuals and businesses and for pandemic-specific spending. This left states on their own to close budget gaps fueled by COVID-19.
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