What are economists saying about states spending Federal COVID Funds

What’s happening? Economists watching MA are applauding its slow pacing to spending federal COVID funds.

Why is this important? States have until 2026 to spend the federal funding, while it must be allocated for spending by 2024. Economists say that studying state trends and needs helps maximize the impact of the COVID funding.

How will this be important? Many government projects take years of planning before building can occur which means the impact of the funds in communities may be years in the future.

Boston Herald | Economic experts back Massachusetts Legislature’s slow approach to spending federal coronavirus relief dollars