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City Journal's 10 Blocks

City Journal's 10 Blocks, a weekly podcast hosted by editor Brian C. Anderson, features discussions on urban policy and culture with City Journal editors, contributors, and special guests. Forthcoming episodes will be devoted to topics such as: predictive policing, the Bronx renaissance, reform of the Port Authority of New York and New Jersey, homelessness in Portland, Oregon, and more. City Journal is a quarterly print and regular online magazine published by the Manhattan Institute.
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Urban policy and cultural commentary with City Journal editors, contributors, and special guests

Mar 25, 2020

Steven Malanga and Brian Anderson discuss how the economic shock resulting from the coronavirus—the closing of large sections of the American economy, the plunge of stock markets—is likely to undermine state and local budgets around the country.

Even as states are searching for extra funds to help battle Covid-19, the loss of tax revenue during the crisis will be devastating. "States that rely on meetings, conventions, and tourism, or that derive substantial economic growth from energy production, or that depend on big gains in the financial markets from wealthy individuals, will be among the biggest losers unless the economy turns around fast," Malanga writes.

To follow City Journal’s continuous coverage of the pandemic, click here.

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