Home » Posts tagged with » shortfalls

California Has 6th Most Government Debt Per Capita

California Has 6th Most Government Debt Per Capita

The COVID-19 pandemic has had enormous impacts on state and local governments by reducing tax revenue, causing widespread unemployment, and increasing healthcare costs. In addition to reducing spending and, in some cases, raising taxes, state governments have relied on debt to address their budget shortfalls during the pandemic. According to data from the U.S. Census […]