Think tank does the math on coronavirus-driven state budget shortfall

The economic impacts of coronavirus could put the state government $3 billion to $4 billion in the hole during the next fiscal year, an Atlanta-based public policy think tank warned Monday.

Closing such a huge budget shortfall without massive cuts to state agencies and vital services is going to require massive federal assistance, more aggressive than the economic stimulus package Congress passed late last month, said Danny Kanso, a policy analyst for the Georgia Budget and Policy Institute (GBPI).

“If the federal government does not come up with a serious response … it could really have very dangerous effects for the economy and the government of our state,” he said.

Read the full article at the Rome News-Tribune. 

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