States Are in a Quandary as Taxes Evaporate and Virus Spending Soars

Copyright

2020

This article explores how states are dealing with unexpected financial strains, as they hurriedly divert funds from elsewhere to fight the outbreak and the economic shutdown squeezes their main source of revenue — taxes. It gives examples of how states are coping, trimming budgets, appropriating funds earmarked for other purposes, or passing emergency legislation.