Tell us about your experiences with Marketplace. Enter To Win
Episode 186
May 5, 2020

The state of the states

States get about 70% of their income from sales and income taxes. Uh, now what?

Among the knock-on effects from the coronavirus epidemic — besides the staggering unemployment surge, the small business loan mess and the public health crisis — is the massive financial impact on state and local budgets.

Thirteen percent of American workers are employed by a state government, and states get about 70 percent of their income from sales and income taxes. Huge job losses and reduced spending have local governments predicting shortfalls, and many are furloughing their own workers.

Here to walk us through what’s going on and where this is heading is Marc Nicole. He’s president of the National Association of State Budget Officers, and the deputy secretary of the Department of Budget and Management in Maryland.

Later in the show, we’ll hear from listeners in states that are reopening, and one whose friendships are being tested by disagreements over the pandemic.

By the way, Marketplace just started its spring fundraising drive. So many of you have donated to support the show already, and we know not everyone can afford to give right now. But we really can’t do this show without you, so if you can, please become a Marketplace Investor today.

When you’re done listening, tell your Echo device to “make me smart” for our Alexa explainers, and don’t forget to subscribe to our newsletter! Here’s the latest issue.

None of us is as smart as all of us.

No matter how bananapants your day is, “Make Me Smart” is here to help you through it all— 5 days a week.

It’s never just a one-way conversation. Your questions, reactions, and donations are a vital part of the show. And we’re grateful for every single one.

Donate any amount to become a Marketplace Investor and help make us smarter (and make us smile!) every day.

The team

Molly Wood Host
Donna Tam Interim Senior Producer
Tony Wagner Digital Producer
Marissa Cabrera Producer
Bridget Bodnar Senior producer