The deep economic recession of December 2007 to June 2009 and slow recovery put many subnational budgets in unusually dire straits. Depressed tax revenues, elevated spending on social welfare programs such as unemployment insurance and Medicaid, and, in many cases, rising personnel costs squeezed public purses. … See more Most state and local governments keep two budgets. The operating budget, often simply referred to as “the budget,” funds ongoing outlays such … See more The U.S. national economy is composed of a vast collection of local and regional economies, where state and local policies play a significant role. Collectively, state and local governments outspend Washington on direct … See more The fiscal shock from the pandemic is expected to be comparable to that of the last recession. Before the pandemic’s start, state budgets had mostly recovered from the 2007–2009 … See more On their own, state and local governments have few optionsfor dealing with budget shortfalls of great magnitude. Some states’ laws prohibit borrowing to fund day-to-day operations, while … See more WebApr 15, 2024 · Washington-Arlington-Alexandria, DC-VA-MD-WV 7.9% +14,701 +8.9% −3.0% Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 8.1% +12,999 +7.5% −4.7% Jacksonville, FL 2.7% −1,624 −11.3% −18.6% Houston-The...
Annual Budget City of Washington Kansas
WebDec 6, 2024 · A glimmer of hope emerged in recent days, when a bipartisan group of lawmakers in Congress proposed $15 billion for public transit agencies as part of a $908 billion framework for a... WebApr 27, 2024 · Instead of an $874 billion drop in deficits between 2024 and 2024, the deficit was then projected to drop just $126 billion — from $3.13 trillion to $3 trillion. Moreover, the combined deficits for... flowdocumentreader wpf
Coronavirus (COVID-19): Revised State Revenue Projections
WebFeb 4, 2024 · The county set aside $100 million as it crafted its fiscal 2024 budget last year to account for the pandemic’s uncertainties, but has already freed up half that amount. The other half, she... WebAug 18, 2024 · With hundreds of millions of dollars, Palm Springs could patch this year’s $40 million budget gap and still have gobs of money left over. With its share of $10 billion, the city of Fort Worth... WebApr 2, 2024 · Maryland enacted $ 413 million in emergency spending cuts including large cuts to colleges and universities. Florida’s governor vetoed $1 billion in spending that lawmakers approved before the crisis and ordered agencies to look for 8.5 percent more in possible cuts for fiscal year 2024. flowdocument to pdf