fbpx A perfect fiscal storm of revenue shortfalls for cities and towns - Linda Bilmes | Harvard Kennedy School

Excerpt

June 25, 2020, Opinion, "While many of us may hope the worst of the coronavirus pandemic is behind us — in spite of the recent surge in new cases across the country — for the nation’s states, cities, and towns the worst is still ahead. The new fiscal year begins on July 1 for these governments, which together provide the public with schools, water, sanitation, trash collection, fire safety, emergency medical response, and infrastructure. They are facing a perfect fiscal storm of declining tax revenues, less local aid, and small business failures, coupled with risk worries among municipal bond investors that will make it more difficult to raise new funds." Read on Bostonglobe.com