Bloomberg Tax
April 30, 2020, 5:48 PMUpdated: April 30, 2020, 10:54 PM

States Facing Budget Gap Totaling $650 Billion Over 3 Years (2)

Michael J. Bologna
Michael J. Bologna
Staff Correspondent
John Herzfeld
John Herzfeld
Staff Correspondent

States are facing a budgetary abyss, a think tank warned. Texas will continue to allow alcohol-to-go sales. Minnesota’s GOP-led Senate has passed “economic recovery” legislation, while Illinois legislators won’t be back to talk about their budget hole until the end of May. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Wednesday’s coverage click here. Here’s a state-by-state roadmap.

An analysis backed by data from the Congressional Budget Office contends the pandemic could trigger state budget shortfalls of $650 billion over three years.

The Center on Budget and Policy ...

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