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State and local governments rake in surpluses after pandemic
Abstract: The existence of large sums in state and local government coffers runs counter to historic post-recession trends. State and local governments usually grapple with budget shortfalls due to rising social program demands and weak revenue streams following recessions.
Keywords: Public Finance; COVID-19;
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https://www.dallasfed.org/research/economics/2023/1219
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-12-19