S4E4 - In a Bad State: State & Local Budget Crises (David Schleicher)
Densely Speaking
00:00
Navigating Post-Pandemic Finances
This chapter analyzes the financial shifts faced by state and local governments following the COVID-19 pandemic, emphasizing federal support programs such as the CARES Act. It discusses the varied utilization of these funds, the potential for future fiscal health challenges, and the implications of moral hazard in municipal financing. The speakers propose responsible budgeting practices and delve into the complexities of municipal bonds, highlighting both historical examples and modern trends in municipal finance.
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