Posted on August 19, 2020 · Posted in Faculty Associates News

Research by Howard Chernick, Roosevelt House Faculty Associate and Professor Emeritus of Economics at Hunter College and the Graduate Center of the City University of New York will be published in the National Tax Journal. Quoted by the New York Times, the report written by Chernick, and co-authors David Copeland at Georgia State University and Andrew Reschovsky at the University of Wisconsin, predicts average revenue shortfalls in U.S. cities between 5.5 percent and 9 percent for fiscal year 2021. “The Great Recession was a story of long, drawn-out fiscal pain — this is sharper,” said Chernick who warns that city and state budgets dependent on tourism, sales tax, or direct state assistance will face particularly challenging cuts. Read the full article online here.