State Budgets and COVID-19

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.