000			01963nab a2200301 c 4500
999			_c142980 _d142980
003			ES-MaIEF
005			20201014122918.0
007			ta
008			201014t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_968452 _aGordon, Tracy
245		4	_aState and local Government finances in the COVID-19 Era _c Tracy Gordon, Lucy Dadayan, and Kim Rueben
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aThe COVID-19 pandemic and resulting recession put enormous strain on state and local government budgets. State personal income and sales tax revenues, which together account for more than 60 percent of general own-source funds, fell further and faster than in the depths of the Great Recession. Although some personal income tax losses stemmed from filing deadline extensions and would be recovered later in the year, states in particular also contended with increased direct and indirect costs stemming from COVID-19. As in prior downturns, the federal government stepped in to help states and localities facing massive gaps between projected revenues and spending, but aid provided thus far has been incommensurate to the scale and timing of the challenge. This paper provides a point-in-time description of state and local government finances as of July 2020, the start of a new fiscal year in most states and localities. It also assesses federal relief compared to prior recessions and offers a few directions for reform.
650			_aPANDEMIAS _967998
650			_aCORONAVIRUS _967999
650		4	_aHACIENDA PUBLICA _950201
650		4	_aHACIENDAS LOCALES _945217
650		4	_aRECESIONES ECONOMICAS _948198
650		4	_aESTADOS UNIDOS _942888
700	1		_956328 _aDadayan, Lucy
700	1		_938771 _aRueben, Kim S.
773	0		_9163516 _oOP 233/2020/3 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 73, n. 3, September 2020, p. 733-758
942			_cART