Some states have begun tapping their rainy day funds for the millions of dollars that will be needed to respond to the coronavirus outbreak. By DavidALieb.
New York Governor Andrew Cuomo speaks during a news conference at a COVID-19 coronavirus infection testing facility at Glen Island Park, Friday, March 13, 2020, in New Rochelle, N.Y. State officials have set up a “containment area” in the New York City suburb, where schools and houses of worship are closed within a 1-mile radius of a point near a synagogue where an infected person with coronavirus had attended events. State officials stress it is not a lockdown.
He pulled the curtain on Broadway theaters this past week while banning gatherings of 500 or more people. State and local public health agencies have been on the front lines of the response, monitoring and testing those suspected of having the virus that causes the COVID-19 disease. Costs are mounting for staff time and medical supplies.
Across all states last fiscal year, the median rainy day fund balance equaled 7.6% of general fund expenditures. That’s a record high that was way up from a 1.6% share of general fund expenditures in the 2010 fiscal year, according to the budget officers group.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gulf states extend coronavirus precautions to bourses, shipping, arcadesGulf Arab states expanded measures to contain the spread of coronavirus on Sunda...
Read more »
States turn to cash reserves as coronavirus strains budgetsJEFFERSON CITY, Mo (AP) — States across the U.S. are allocating hundreds of millions of dollars to respond to the coronavirus, even as the U.S. government prepares to send billions more their way....
Read more »
Frustrated By Congress, 'Absolutist' Gun Rights Groups Focus Efforts On StatesViewing the NRA as too soft on gun rights, 'no-compromise' gun groups have been pushing lawmakers in conservative states to loosen gun restrictions. And they've been making headway. One group has pushed Idaho to drop nearly all of its regulations.
Read more »