Brookings examines the fiscal impact that COVID-19 has had on state and local governments. We project that state and local government revenues will decline $155 billion in 2020, $167 billion in 2021, and $145 billion in 2022—about 5.5 percent, 5.7 percent, and 4.7 percent, respectively—excluding the declines in fees to hospitals and higher education. Including those fees to hospitals and higher education would bring these totals to $188 billion, $189 billion, and $167 billion. #covid-19 #workforce
How much is COVID-19 hurting state and local revenues?
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