Location Advisory team featured in IIB

Some experts predict state budget shortfalls could exceed half of a trillion dollars in less than three full fiscal years due to the pandemic’s fallout. These shortfalls could be deeper than those seen in the two previous U.S. recessions. This enormous sum does not account for additional shortfalls local/tribal governments and the U.S. territories face.

While predictions vary, there is no disagreement state and local governments will face fiscal challenges for years to come. So, what should governments do?