ABSTRACT

How States Can Best Use Federal Fiscal Recovery Funds: Lessons from State Choices So Far   [open pdf - 0B]

From the Document: "Most states have started using their share of the $195 billion Fiscal Recovery Funds (FRF), created under the federal American Rescue Plan to help states and localities address the pandemic's harmful effects. Our review of these spending decisions shows that many states are using these funds constructively: to offset declines in their revenue collections, to address the health, economic, and fiscal impacts of the pandemic, and to start new long-term investments to address racial and economic inequities. Decisions in some states are not constructive. All offer important lessons for how states should use the remaining $90 billion of these funds, which will be critical both to addressing the pandemic's ongoing damage and to putting states' economies on a path toward a strong recovery." This document includes charts, tables, and graphs to illustrate the text.

Author:
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Date:
2021-11-29
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Copyright:
Center on Budget and Policy Priorities
Retrieved From:
Center on Budget and Policy Priorities: https://www.cbpp.org/
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application/pdf
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