California’s 2021-22 budget will have an enormous impact on the nature of California’s recovery from the COVID-19 pandemic. The Governor’s 2021-22 budget proposal would restore some critical funding for public health and education, but it will not be sufficient to get California’s economy and low-income Californians back on track. To avoid a prolonged economic downturn,…
Tag: california
Public Sector Impacts of the Great Recession and COVID-19
This brief summarizes the Great Recession’s impact on public employment and the public sector job losses driven by the COVID-19 pandemic in 2020. Our analysis points to the importance of focusing on the public sector as policymakers respond to the COVID-19 crisis.
COVID-19 Fiscal Impacts: What can we expect?
Published May 14, 2020 as part of the UC Berkeley Labor Center’s Covid-19 Series: Resources, Data, and Analysis for California. The economic consequences of the COVID-19 pandemic have been severe: at least 30 million people have lost their jobs and millions of others have seen their incomes decline. Governments are spending billions of dollars on public health and the safety net….
How is this recession different from all other recessions?
I spoke with an sfgate.com reporter recently about how the COVID-19 crisis could impact Bay Area local governments. As always, there is a lot I said that didn’t make it into the article so here’s a bit longer ramble. I’m working on updating the numbers and data underlying these thoughts, so this is just some…
SFGate: ‘San Francisco is particularly vulnerable’: Expert explains how COVID-19 may hurt city budgets
“In every recession, it’s true that you’re losing revenue at the same time as you want to be able to spend more money,” Hinkley says. “Counties and cities have to be spending more on public health, on housing people, on emergency equipment, on ensuring that people are staying at home. It’s difficult to manage spending…