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State and local governments rake in surpluses after pandemic

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Listed:
  • Ron Mau
  • Fang Yang

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.

Suggested Citation

Handle: RePEc:fip:d00001:97516
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File URL: https://www.dallasfed.org/research/economics/2023/1219
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