Many states were in bad financial straits before the pandemic. With companies forced to close down and millions of Americans unemployed, tax revenue for states precipitously plummeted. New York, New Jersey, California, Illinois and other states have been hit hard. They’ve been squeezed, having to spend money on fighting the outbreak while receiving less money in taxes that’s needed to keep things running. 
The only solution for states is to both raise taxes and make some drastic cost cuts. Just like what happened to New York City in the 1970s, police officers, firemen and teachers will be let go to reduce expenditures. This resulted in the degradation of the city. There was a spike in crime, the schools became overcrowded and garbage piled up on the streets.
The only solution for states is to both raise taxes and make some drastic cost cuts. Just like what happened to New York City in the 1970s, police officers, firemen and teachers will be let go to reduce expenditures. This resulted in the degradation of the city. There was a spike in crime, the schools became overcrowded and garbage piled up on the streets.