Fiscal Outlook for 2021

The road to economic recovery

Five.

I'm katie the fiscal outlook for state and local governments may be worrisome this year even as we see a likely end to the pandemic.

Kimt new three's jessica bringe joins us in studio..

Jessica what is concerning?

Katie speaking with political analyst rayce hardy he says the pandemic has pushed state and local government past what they can control and they need help.

Hardy tells me minnesota lost a lot of travel revenue as well as fishing licenses and gas taxes in 2020.

Hopefully the land of 10?

"* thousand lakes will be able to recover some of that this summer but it likely won't be enough.

He says stimulus bills have helped but more will this recent one had money for state and local governments but it's not enough to cover all 50 states, all three thousand counties and all tens of thousands of cities but it's a help.

Hardy says at the federal level the u?

"*s has spent more than double what it's taken in..

That's 3?

"*point?

"* five trillion in versus 7 trillion spent.

Thank you jessica.

Hardy says when president?

"* elect joe biden takes office he says the focus will be on curbing the national debt.