Washington, D.C.–The National Conference of State Legislatures (NCSL) released the following statement on the U.S. Treasury Report on Coronavirus Relief Fund Spending.
The National Conference of State Legislatures, along with state legislative fiscal analysts, reviewed the Treasury Department’s report issued this morning on Coronavirus Relief Fund (CRF) spending through June, as reported by primary recipients. NCSL is concerned that the report is not a complete picture of how states have budgeted money under the CRF. Many states have obligated CRF dollars to local governments and other purposes, though the funds may not have been transferred or received yet; therefore, they’re not reflected in the data collected by the department. Congress and the administration must work together to assist hard-hit states in their return to fiscal health by passing a stimulus package that includes flexible funding for states to weather the economic recession. The economic impact of the coronavirus recession varies by state; however, every state is coping with revenue shortfalls. And more than half the states, from all parts of the nation, are looking at severe budget problems that will certainly lead to dramatic cuts in critical services.
NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.