Transcript for By the Numbers: State budgets during COVID
Hotly contested part of the code released bill now being hashed out on Capitol Hill and that is federal aid to state and local government and how much do they need this stimulus we take a look of by the numbers. Total state tax revenues nationwide decline just one point 8% from April to December 2 point 18. Compared to the same period in 249 team. According to a study by the urban institute spent overall one point three million state and local government jobs have been lost. But the pandemic impact on state and local budgets has been widely uneven across the country for example. Alaska state tax revenue plummeted 42 point 5% during the pandemic and Hawaii another tourist hot spots. Saw 17%. Decline according to urban institute. Florida's tax revenue has solid eleven point 3% and taxes on ten point 4% drop cash New York State's tax revenue declined 4%. But it's hard hit metropolis New York City. Now faces a projected ten point five billion dollar revenue shortfall for 20/20 through 20/20 two according to the mayor's office. Meanwhile some state governments are doing well Idaho saw 10% increase in tax revenue during the pandemic few saw an 8% rise.
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