Tag: economy

When Will the Impact of Coronavirus Hit State Budgets?

State officials nationwide fear that a substantial decline in tax collections as a result of the coronavirus pandemic will throw their budgets into turmoil. But they will have to wait for the first hard data on how big the decline might be. When the economy struggles, state tax revenue usually suffers too. States’ two largest sources of tax revenue are the personal income tax… Read more »

In the Time of Coronavirus: What the Data Say About the Risk to Michigan Nonprofits

In chaotic times, leading an organization or board of directors and being responsible for charting a clear course forward for clients, employees, and the community becomes more crucial — and more challenging. Mental models or frameworks can be a useful anchor and source of stability. While we cannot predict with absolute certainty how the coronavirus crisis will impact the nonprofit sector, we can use available data to anticipate where and how the greatest needs and challenges will arise. Increasing our general understanding of the state of the sector could provide some mental frameworks to help us all make decisions and deploy resources in this critical time.