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Research and Analysis
State & Local Spotlight
Update: COVID-Related State & Local Aid Will Total $280 Billion
Most state and local governments are experiencing substantial revenue losses and new spending needs as a result of the COVID-19 pandemic and economic crisis. While estimates differ on the magnitude of state and localneeds, federal funding from recent COVID-relief legislation may help defray some of these losses.
We estimate that lawmakers have allowed nearly $500 billion of COVID relief to be disbursed to state and local governments, of which we classify around $280 billion of these funds as state and local aid — down from $360 billion in our prior estimates. Roughly three quarters of that relief, over $210 billion, has been committed or disbursed to date.
COVID Relief Tracker
$2.2 of $4 Trillion in Fiscal Relief is Out the Door
We update our interactive COVID Money Tracker tool every week to reflect new COVID relief spending and estimates.
This week's updates are particularly significant, since they incorporate new estimates and data from the Congressional Budget Office (CBO) and Bureau of Economic Analysis (BEA).
We now estimate Congress has authorized $4.0 trillion of fiscal support, $2.2 trillion of which has been committed or disbursed. Our prior numbers had estimated $3.8 trillion allowed and $2.3 trillion disbursed.
COVID Money Tracker
Read More Posts- COVID Money Tracker Insights (11/19/20)
- Update: COVID-Related State & Local Aid Will Total $280 Billion (10/15/20)
- COVID Relief Includes $360 Billion of State and Local Aid (9/16/20)
- $2.2 of $4 Trillion in Fiscal Relief is Out the Door (9/10/20)
- How Much COVID Relief Have Public and Private Schools Received? (9/1/20)
- $412 Billion in COVID Funds Are Earmarked for the Health Industry (8/26/20)