Federal cash helping state, local governments rebound from pandemic losse

 

State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many are now awash in record amounts of money, boosted partly by federal aid.

In response to the dramatic turnaround, governors, lawmakers and local officials have proposed a surge in spending as well as a new wave of tax cuts.

"The ultimate effect of the pandemic was a net positive," said Stephen Parker, assistant city manager for the Los Angeles suburb of Upland, where sales tax revenues are soaring. "Isn’t that unbelievable? It’s just crazy to think of that."

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