COVID-19’s harsh impact on state pension systems and school districts

With U.S. stocks just suffering their worst day since the 1987 crash, followed immediately by one of their best single days, some economists are saying buckle-up and worrying that the coronavirus may help send the economy into a recession. The turbulent economic conditions mean many state and local governments may face a reckoning on public pension payments and debts.
Despite more than a decade-long period of sustained economic growth and increased tax revenues, many California cities have still