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The Week in Public Finance: What the Shutdown Is Costing State and Local Governments
Governing: As more than 1 million federal and contract employees struggle to make ends meet after missing a month of pay, the longest government shutdown in U.S. history is also starting to take a bite out of states and cities' revenue.
The Washington, D.C., region is by far the most affected. Around 400,000 federal and contract workers there are impacted by the impasse, which has entered its fifth week. All told, the region has so far missed out on nearly $200 million in tax revenue.
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