For States, Hope & Uncertainty Now and Going Forward
It’s been a year of hope and uncertainty in the states – and the prospect is for more of the same in 2022.
Hope has been spurred by the economic rebound; sales tax revenues swelled as Americans bought taxable items at pre-pandemic levels while also boosting personal savings rates and inflation. Hope also came from Congress, which after a series of false starts provided state, local, territorial and tribal governments with $350 billion as part of President Joe Biden’s American Rescue Plan.
Despite this economic cushion, uncertainty prevailed in most states as the COVID-19 pandemic surged,… Read More in Real Clear Politics