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The Economic Policy Institute highlights the urgent need for state and local budget relief to prevent significant job losses and facilitate a robust economic recovery. As states face budget shortfalls, the potential impact on employment rates and community services escalates. Strategic financial support is crucial for maintaining public sector jobs and fostering economic stability. Without intervention, the risks of recession deepen, underscoring the importance of timely and targeted relief efforts.
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Economic Policy Institute Dire StatesState and Local Budget Relief Needed to Prevent Job Losses and Ensure a Robust RecoveryEthan PollackEconomic Policy Institute November 19, 2009epollack@epi.org
Source: BEA www.epi.org