THE STATE BUDGET CRISIS | LOST REVENUE, SKYROCKETING EXPENSES & IMPACT ON YOU | WHAT YOU MUST KNOW

In this video, Dr Chhoda explores the trend of states cutting back on expenses since they face revenue shortfalls, and how this impacts local residents.

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References:

https://www.washingtonpost.com/business/2020/08/28/new-york-city-budget-coronavirus/?hpid=hp_business-right-4-0_biz-latest-feed%3Ahomepage%2Fstory-ans

https://www.nytimes.com/2020/08/14/business/economy/state-local-budget-pain.html

https://www.cbpp.org/research/state-budget-and-tax/states-grappling-with-hit-to-tax-collections

https://www.taxpolicycenter.org/briefing-book/what-are-state-balanced-budget-requirements-and-how-do-they-work#:~:text=Balanced%20Budget%20Requirements%20(BBRs)%20are,reduced%20spending%20and%20smaller%20deficits

https://www.gainesvilleregister.com/news/local_news/lawmakers-complain-state-park-fees-hurt-poor-oklahomans/article_8566b734-e8b7-11ea-ade5-07adc289923a.html

https://harnessracingupdate.com/2020/08/28/jersey-budget-proposal-calls-for-eliminating-racings-subsidy/