Fiscal Apocalypse

March 11, 2021

Feds to the Rescue, But The Peril Remains: Preventing the Next Fiscal Apocalypse

State and local governments across the country are breathing a sigh of relief with the passage of the American Rescue Plan Act, which provides $350 billion in aid to states and localities. Former Santa Monica City Manager, Rick Cole, on the implications of the fiscal reset on city budget, policy, and service priorities going forward. Cole asserts that the relief provides California with a unique opportunity to realign local revenues and rebalance the state-local fiscal relationship.

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