Subscriber Only
Politics
U.S. States Beg, Borrow and Cut to Close Massive Budget Gaps
By-
Eleven states haven’t passed a budget for the new fiscal year
-
States race to pass budgets in face of worst crisis in decades
It’s crunch time for U.S. states as they face their worst fiscal crisis in decades brought on by the Covid-19 pandemic that’s decimated tax collections.
Eleven states have yet to enact a budget for the fiscal year that begins Wednesday. And for those that have, they’ve been forced to slash spending, lay off workers and count on billions of dollars in potential federal aid that remains bogged down in Washington.
