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America’s Muni Finances Are in Tatters

With tax revenue plunging and unemployment benefit costs skyrocketing, budget shortfalls for state governments alone are projected to swell to more than $650 billion over the next three years, outpacing the Great Recession, according to the Center on Budget and Policy Priorities.
-- Amanda Albright, Danielle Moran and Fola Akinnibi, Bloomberg

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