Fiscal Analysis

Featured reports from our fiscal analysts

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How COVID-19 Shifted the Balance of Payments between the States and Federal Government

COVID-19 dramatically disrupted the fiscal balance between the states and the Federal government. In this follow-up to the Institute's widely cited Balance of Payments report, Executive Director of Research Laura Schultz examines how COVID-19 relief spending was distributed, explores the impact of COVID-19 on social safety net spending, and demonstrates how this historical increase in spending impacted states’ balance of payments with the Federal government.

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