State Budgets and COVID-19
Episode 79
Stat: $75 billion: The total amount of money that states had set aside in rainy day funds at the end of 2019 in case of an economic downturn.
Story: The short-term effects of the coronavirus pandemic on our health care systems and daily lives were immediately clear. But how will states weather the economic storm over the long term? In this episode, we hear from Josh Goodman of Pew’s state fiscal health team, who shares insights on the steps that states are taking to address looming budget shortfalls.
Related resources:
- Four Steps to Reduce the Harm of State Fiscal Distress
- Budget Stress Testing Helps States Prepare for Fiscal Distress
- Rainy Day Funds Help States Weather Fiscal Downturns
- States Need Budget Flexibility to Weather Tough Times
- When Will the Impact of Coronavirus Hit State Budgets?
- Coronavirus Outbreak Reinforces Need for Long-Term State Budgeting
OUR WORK
Spotlight on Mental Health
MORE FROM PEW
Explore Pew’s new and improved
Fiscal 50 interactive
Your state's stats are more accessible than ever with our new and improved Fiscal 50 interactive:
- Maps, trends, and customizable charts
- 50-state rankings
- Analysis of what it all means
- Shareable graphics and downloadable data
- Proven fiscal policy strategies
Welcome to the new Fiscal 50
Key changes include:
- State pages that help you keep track of trends in your home state and provide national and regional context.
- Interactive indicator pages with highly customizable and shareable data visualizations.
- A Budget Threads feature that offers Pew’s read on the latest state fiscal news.