CNN

With Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted

Written by Annette

When the coronavirus pandemic was declared nearly a year ago, the future for state and local government finances looked grim. Millions of people had lost their jobs, the stock market tanked and governors ordered nonessential businesses to close — all of which threatened to pummel many of the tax revenue streams states and municipalities rely on.

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Annette

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