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Although at least 36 states had planned to make additional rainy day fund (RDF) deposits in fiscal 2020, the fiscal and economic strain inflicted by the Covid-19 pandemic prompted at least 17 to make or authorize withdrawals from those funds, according to the analysis.
State and local governments are facing “huge revenue shortfalls,” with cuts in education and services like police and firefighting likely, according to Edward Alden of the Council on Foreign Relations.
Absent a solid national economic policy for the present, Joseph Tracy said promises of rolling back regulations and the corporate tax rate are encouraging signs.
John Traynor, chief invesment officer for People’s United Bank, is the keynote speaker.
While business leaders in southwestern New England are still optimistic about what 2013 will bring, fewer of them are as optimistic as they were last year, according to a recent report.