Month:  March 2020

The Crisis’s Impact on Budgets

When Major League Baseball postponed the opening of its season, teams also closed their spring training camps. That’s a $25 million hit to the Arizona economy, where many clubs train, local experts say. Meantime, every NBA game that the Chicago Bulls don’t play because the league has suspended its season will cost the Windy City…

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How coronavirus is exposing states’ fiscal risks

While an economic and fiscal reversal depends on many unknowns, including the severity of the epidemic and the speed and magnitude of federal assistance to states, municipalities, corporations, and individuals, it is clear that states that used the nearly 11-year-long recovery to build rainy day funds and other cash reserves may withstand the fiscal impact…

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