What are the differences between what the Federal government can do, and what the states and localities can do?

Save this document and answer directly following the question. Final exams should be returned to me via Blackboard by Saturday July 2 at 1159 pm.

(1)  TAX = EXP.  From day one of this class, we discussed how the study of State and Local finance is inherently different from the issues addressed by Federal Government in their respective budgets.  The first article below is a great example of the fiscal choices that State/Local governments make.  How States and localities will manage through this crisis is dependent upon their prior fiscal choices. What are the differences between what the Federal government can do, and what the states and localities can do? What are the implications? You should discuss why these differences matter.
https://www.pewtrusts.org/en/research-and-analysis/articles/2020/04/24/states-take-early-steps-to-manage-covid-19-budget-fallout?utm_campaign=2020-04-29+Rundown&utm_medium=email&utm_source=PewT