Across the country, from Denver and Seattle to Washington, DC, and New York, cities are deciphering whether to slash their budgets.
(Most states' fiscal years run from July 1 to June 30.)
States and cities are facing pressure from societal issues that will weigh on tax revenue and increase costs for years to come.
Aging populations mean a smaller percentage of the population that's of working age, putting downward pressure on tax revenue.
But as federal funds have petered out, structural problems have resurfaced.
Persons:
Justin Marlowe, Lucy Dadayan, Carol O'Cleireacain, it's, Marlowe, O'Cleireacain, Josh Goodman, Goodman, Liz Farmer, Baltimore's Francis Scott Key, Farmer, Emily Stewart
Organizations:
Boston, University of Chicago Harris School of Public Policy, Municipal Finance, Pew, Urban, Brookings Tax, Urban Institute, Business
Locations:
Denver, Seattle, Washington, New York, California , Maryland, Arizona, New York City, New York , New Jersey, Detroit, COVID, States, Maryland, United States