“CARES” ACT AND STATE AND LOCAL GOVERNMENTS
Stephenie Slahor, Ph.D. The federal government’s response to the COVID-19 world public health crisis includes the unprecedented nearly $2 trillion emergency relief package presented in the Coronavirus Aid, Relief and Economic Security Act (CARES) – an amount equal to about ten percent of the total US gross domestic product. While much of the financial relief is targeted to individuals, businesses, unemployment compensation, and measures to restore the thriving economy, $150 billion of the package will apply to state, local and…