Will federal bailout create state budget problems again?

Former lawmakers involved in budget discussions during the Great Recession and following years say the federal bailout may have temporarily eased some financial strain, but warn it also contributed to subsequent budget challenges.


In 2009, as the nation was in the grip of a severe recession, the federal government provided billions in bailout funding to state governments, including Oklahoma, through the American Recovery and Reinvestment Act of 2009 (ARRA). This year, with the government-ordered COVID-19 shutdown generating a...

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from Oklahoma Council of Public Affairs Will federal bailout create state budget problems again?