States, cities asking for $750 billion in emergency federal grants

States and local governments are escalating their requests for federal aid to offset revenue losses from the coronavirus emergency with combined requests for $750 billion in additional funding.
The National Governors Association is asking for a separate allocation of $500 billion apart from the $250 billion being requested by the National League of Cities and U.S. Conference of Mayors.
NLC President Joe Buscaino, a member of the Los Angeles City Council, told reporters in a conference call Tuesday that although “our ask is $250 billion,” local governments really don’t know what their eventual revenue loss will be.
(Read more: The Bond Buyer)