The Coronavirus Relief Fund (CARES Act, Title V): Background and State and Local Allocations (CRS R46298)
Summary: The sudden decline in economic output following the Coronavirus disease 2019 (COVID-19) outbreak has significantly altered the fiscal outlook for state and local governments. A sizable share of economic output derives from state and local government activity. These governments are generally required to balance their operating budgets every one or two years. Early evidence … Read more