Posted on 04/22/2020 5:11:29 AM PDT by abb
Across the country, state and local governments are clamoring for the federal government to rescue them from what could quickly become a fiscal catastrophe, saying that they may need in the ballpark of three-quarters of a trillion dollars as the coronavirus pandemic dries up many of their revenue sources.
Though Democrats sought to include roughly $150 billion in funding to state and local governments in the latest coronavirus aid package, set to pass this week, it did not make it into the final bill. Already, Congress approved $150 billion in funding for state and local governments as part of earlier coronavirus legislative aid — assistance governors and local leaders said would ultimately not be enough.
Already, governors, mayors and county executives are planning for substantial budget cuts. Washington Gov. Jay Inslee, a Democrat, slashed roughly $235 million in planned spending. In Michigan, Pennsylvania and Wisconsin, estimates suggest that billions in projected revenue over the next year will vanish. At the county-level, the National Association of Counties estimates close to $150 billion in lost revenue.
Matthew Chase, executive director of the National Association of Counties, said counties are watching as revenue from sales and gas taxes, court filing fees and mortgage transactions evaporate. The losses mean "you're going to see a cut in the staff at the exact wrong time, when their residents actually are going to need more services."
(Excerpt) Read more at nbcnews.com ...
Look forward to the fascist governors raising taxes to backfill SEIU pensions and lost revenue from uncollected taxes...
Good. Government has been bloated for too long with lazy lay abouts who suck resources and don’t provide anything in return.
Non-stop pity parties in the enemedia for public sector workers while private sectors workers are told to shut up and comply.
Join the crowd. What entity has not had layoffs, furloughs and reductions. We can actually get by without these folks.
Laffer Curve.
They can’t raise enough through taxes.
That’s why they’re holding their citizens hostage until they get bailouts.
The Chicom Flu hoax is going to end up doubling our national debt. I have thought for a while the bill was going to be $10 trillion but $20 trillion is looking more and more likely. That of course doesn’t included lost economic activity.
https://www.insidehighered.com/news/2020/04/22/financial-peril-prompting-calls-close-some-public-college-campuses-systems-can-often
Can Public College Systems Stave Off Closures?
https://www.staradvertiser.com/2020/04/22/hawaii-news/public-worker-union-urges-ige-to-borrow-from-feds-instead-of-cutting-workers-pay/
Public worker union urges Ige to borrow from feds instead of cutting workers’ pay - Hawaii
https://kfgo.com/2020/04/22/und-and-other-state-colleges-and-universities-are-feeling-the-economic-impact-of-the-covid-19-pandemic/
University of North Dakota and other state colleges and universities are dealing with the economic impact of the COVID-19 pandemic
https://www.eastbaytimes.com/2020/04/22/el-cerrito-faces-4-million-in-cuts-by-next-fiscal-year-city-official-says/
El Cerrito faces $4 million in cuts by next fiscal year, city official says - California
https://www.publicnewsservice.org/2020-04-22/budget-policy-and-priorities/wa-community-tech-college-employees-fear-cuts-will-follow-pandemic/a69947-1
Washington Community, Tech College Employees Fear Cuts Will Follow Pandemic
http://oklahoman.com/article/5660640/monumental-budget-challenge-for-stitt-lawmakers
Monumental budget challenge for Stitt, lawmakers - Oklahoma
https://www.cityandstateny.com/articles/opinion/opinion/new-york-city-should-freeze-teacher-salaries.html
New York City should freeze teacher salaries
https://www.timesunion.com/news/article/Troy-school-budge-proposal-cuts-all-reading-15217070.php
Troy budget proposal cuts all reading teachers - New York
https://www.king5.com/article/news/local/kent-unprecedented-layoffs-covid/281-05c3c396-6186-4657-b9b0-afdb620fcea5
City of Kent on the brink of ‘unprecedented’ layoffs and budget cuts - Washington
https://www.krwg.org/post/western-new-mexico-university-board-regents-expect-budgets-cuts-plans-accordingly
Western New Mexico University Board of Regents Expect Budgets Cuts, Plans Accordingly
https://wgem.com/2020/04/21/missouri-schools-talk-impact-of-statewide-budget-cuts/
Missouri schools talk impact of statewide budget cuts
https://www.staradvertiser.com/2020/04/21/sports/sports-breaking/boise-state-coaches-among-first-hit-with-furloughs-salary-cuts/
Boise State coaches among first hit with furloughs, salary cuts
https://www.wafb.com/2020/04/21/louisiana-faces-major-budget-shortfall-oil-markets-crash/
Louisiana faces major budget shortfall as oil markets crash
These governors didn’t think this thing through when they pulled the trigger on the lockdowns. That’s how STUPID they are.
https://www.reviewjournal.com/news/politics-and-government/clark-county/coronavirus-upends-clark-county-budget-estimated-1b-revenue-loss-2011150/
Coronavirus upends Clark County budget; estimated $1B revenue loss - Nevada
“Look forward to the fascist governors raising taxes to backfill SEIU pensions and lost revenue from uncollected taxes...”
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There should not be one single penny from the federal government to these states and local government bureaucracies. THEY ORDERED THE SHUTDOWNS, LET THEM LIVE WITH ANY FALLOUT.
That’s one way to look at it. OTOH as a country we have tolerated a lot of craziness “because we could”. We can’t anymore. The patience for craziness is running out pretty quick, seems to me.
My fellow citizens are freaking morons. I was thinking of this on my morning walk. In a few months, after Herr DeWine has finished off anything that looks like an economy in Ohio, and the government is totally tapped out it will be interesting. Then, the bed wetters will come out of hiding, demanding a job. There will be no jobs, they will have held their employers underwater for far too long. Then, the petulant masses will turn to Herr DeWine, looking for aid and comfort. Herr DeWine will be unavailable, and there will be no more state or federal funds of any real substance.
Enter, the election of Joe Biden.
Easily 75% of gov-co employees.
Those make the 25% who actually do something look bad.
“when their residences are going to need more services”
Not us, nor their school property taxes.
I called my state senator yesterday and asked when all public employees were going to get a 10% pay cut since the rest of us already have.
Means they’ll have to come crawling to Trump, willing to cut deals.
What was his reply?
Yes. Let’s see what we truly miss and fund only those things.
when I worked for State, I was told not to work so quick, I made the others look bad.
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