Tag: Pew Charitable Trusts

Majority of Americans who lost a job or wages due to COVID-19 concerned states will reopen too quickly

Last week’s report on unemploymentunderscored the catastrophic impact the coronavirus outbreak has had on the U.S. economy. The focus in many states has now turned to reopening businesses and getting people back to work. However, most Americans – including 68% of those who have lost their jobs or taken a cut in pay due to the coronavirus outbreak – are concerned that state governments… Read more »

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 »