Cities and states brace for economic ‘reckoning’, eyeing major cuts and fearing federal coronavirus aid isn’t enough…Many, already cash-strapped, are now in dire straits, facing plunging tax revenue and spiking costs.

Cities and states brace for economic ‘reckoning’, eyeing major cuts and fearing federal coronavirus aid isn’t enough…Many, already cash-strapped, are now in dire straits, facing plunging tax revenue and spiking costs.

By: Tony Romm April 10, 2020 at 10:50 a.m. PDT New York could lose $10 billion in tax revenue. Pennsylvania has ceased paying 9,000 stuck-at-home state employees to save cash. In Illinois, an unprecedented crisis is brewing thanks to billions of dollars in unpaid...