State tax revenues

Signs of an economic downturn appeared in April revenue collections, said Tennessee's Finance and Administration Commissioner Butch Eley.

The loss of $1.03 billion in revenues prompted state lawmakers to ask congressional delegates to support a $500 billion relief package for states.

With tax revenues plummeting, one additional solution policymakers could consider would throw state and local governments a revenue lifeline: uncapping and funding the Community Disaster Loan program.

When April data becomes available in about a month, it is expected to beging showing the full force of the shutdown of nationwide economic activity.

The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.

Gov. J.B. Pritzker said the state can afford to keep paying for critical services as the coronavirus toll mounts.

The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.

Lawmakers return to the state capital to formally approve the budget Thursday amid concerns over the novel coronavirus outbreak.

As business and leisure travelers stay at home rather than risk infection, events small and large are cancelled, and business slows so sharply it shows that the longest U.S. economic expansion since the 1850s may finally hit the wall.

The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.