likely to experience due to the COVID-19 pandemic. Our estimates apply to the 2021 fiscal year, which extends from the third quarter of 2020 through the second quarter of 2021 in most states.
This report provides estimates of the revenue shortfalls state and local governments are likely to experience due to the COVID-19 pandemic. Our estimates apply to the 2021 fiscal year, which extends from the third quarter of 2020 through the second quarter of 2021 in most states.