Credit downgrades, budget shortfalls, & federal relief — with Liz Farmer
In this episode, Kevin speaks with Liz Farmer about the current economic situation and how it compares (so far) to the 2008 recession. They discuss the magnitude and impact of unemployment, recent credit downgrades for cities and states, and the ramifications of projected budget shortfalls for Medicaid, pensions, and infrastructure. They also delve into the Federal Relief Bill and what it covers, as far as state and local agencies go. And finally, Liz gives her thoughts on what recovery looks like, plus some advice for local leaders while navigating this crisis.
Liz Farmer is a fiscal policy expert and journalist whose writing centers on the ways state and local governments spend taxpayer money. Her areas of expertise include budgets, fiscal distress, tax policy, and pensions. In the past, you may have read her excellent work for Governing (including the Finance 101 series); nowadays, you can find all of her writing at Farmers Field.
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