The coronavirus will cost states hundreds of billions of dollars in revenue in the upcoming fiscal year, according to an NBC News survey of 33 states and Washington, D.C.
“With most states starting their new fiscal year early this summer, the projections in many cases will serve as the basis for severe budget cuts states may have to soon make if massive aid from the federal government doesn’t come soon. Though the nature of the crisis makes forecasting the future incredibly difficult.”
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