FILE - In this Monday, March 16, 2020 file photo, Gov. Kate Brown speaks at a news conference to announce a four-week ban on eat-in dining at bars and restaurants throughout the state in Portland, Ore., to slow the spread of the new coronavirus. “I am gravely concerned about our ability to deliver basic services over the next six months to a year given the drop in revenues, and that’s why I am encouraging the Legislature to be extremely fiscally prudent,” Brow…
March 27, 2020
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Coronavirus deals one-two financial punch to state budgets
The coronavirus is pounding state governments with a financial one-two punch, costing them millions to try to contain the disease just as businesses are shutting down and tax revenue is collapsing. The sharp drop in revenue could jeopardize some states' ability to provide basic services.