4.17.20 – NACO –
The COVID-19 pandemic could have massive budgetary impacts for counties of all sizes. America’s counties could face budgetary impacts as much as $144 billion in lost revenue and increased expenditures through FY2021. This estimate includes lost revenue from sales tax and local fees and additional expenditures related to COVID-19, but does not include budgetary impacts related to other funding streams like property taxes and intergovernmental funding, on which the impact of COVID-19 is less clear. Overall, counties’ costs and responsibilities are growing throughout this crisis, and the federal-state-local partnership has become more crucial than ever.