Listen On:
Moody’s Talks - Outlook Connections
Episode 7
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December 11, 2020
Strong rebound would boost US municipalities, not-for-profit hospitals and colleges
Inside this episode:
Kendra Smith, Tim Blake and Leonard Jones of the Public Finance team discuss the prospects in 2021 for US states, local governments, universities and not-for-profit hospitals. A strong economic rebound accompanied by a successful coronavirus vaccine rollout would boost tax revenues, while encouraging students to return to campus and allowing hospitals to carry out more profitable elective surgeries. An uneven recovery may force some states and local governments to cut spending further, particularly those dependent on tourism and energy.
Related content:
- Not-For-Profit and Public Healthcare – US: 2021 outlook negative as revenue constraints, rising expenses hurt cash flow - The outlook for the not-for-profit and public healthcare sector remains negative as volume disruption, reductions in employer-sponsored insurance and rising expenses weigh on hospitals.
- Higher Education – US: 2021 outlook negative as pandemic weakens key revenue streams - The coronavirus pandemic threatens key revenue streams in the sector, while uncertainty continues over the pace of economic recovery and the length of the public health crisis.
- States – US: 2021 outlook negative as coronavirus continues to hamper revenue - The outlook for US states is negative based on continued weak revenue and budget conditions amid the coronavirus crisis.
- Local Government – US: 2021 outlook negative as weak economic conditions persist - Weak economic conditions will keep total revenue growth muted in early 2021 before improving in the second quarter. Rising fixed costs and public service demands will strain some budgets.