CNN.com - RSS Channel - HP HeroWith Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted

When the coronavirus pandemic was declared nearly a year ago, the future for state and local government finances looked grim. Millions of people had lost their jobs, the stock market tanked and governors ordered nonessential businesses to close -- all of which threatened to pummel many of the tax revenue streams states and municipalities rely on.

March 05, 2021 at 05:32PM https://ift.tt/3qj7wpV the coronavirus pandemic was declared nearly a year ago, the future for state and local government finances looked grim. Millions of people had lost their jobs, the stock market tanked and governors ordered nonessential businesses to close -- all of which threatened to pummel many of the tax revenue streams states and municipalities rely on.