State across the U.S. are allocating hundreds of millions of dollars to respond to the new coronavirus, even as the U.S. government prepares to send billions of more dollars their wayBy DAVID A. LIEB Associated PressMarch 15, 2020, 2:37 PM5 min readJEFFERSON CITY, Mo — States across the U.S. are allocating hundreds of millions of dollars to respond to the coronavirus, even as the U.S. government prepares to send billions more their way. Many states have built up sizable stockpiles in their “rainy day” funds during several robust years of tax collections. Some governors and state lawmakers now are tapping into those savings for emergency expenses. Others are looking to set aside even more in reserve, fearing the economic uncertainties stemming from the coronavirus could send tax revenues into a tailspin. “Forget the closure on Broadway — the loss of revenue to the state government, right now, is incalculable,” said New York Gov. Andrew Cuomo, a Democrat. He pulled the curtain on Broadway theaters this past week while banning gatherings of 500 or more people. President Donald Trump said Friday that he would free up as much as $50 billion for state and local governments as he declared the virus


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