States Don't Find Stimulus Package So Stimulating
Excited about that federal stimulus package putting $600 in your pocket? State governments aren't so thrilled. Turns out the package includes a couple of nasty surprises ...
Excited about that federal stimulus package putting $600 in your pocket?
State governments aren't so thrilled. Turns out the package includes a couple of nasty surprises for state budgets:
The Center on Budget and Policy Priorities, a Washington think tank, estimates that two business tax cuts in the package will cost 36 states a total of $2.9 billion in lost tax revenue. While some of that loss will occur this year, most will occur during the fiscal year beginning July 1 for most states.
For states already dealing with tight budgets, this certainly isn't welcome news.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
D.C.'s Generous Paid Family Leave Law Heads to Congress for Approval3 days ago
Florist Broke Law in Refusing Service to Gay Couple, Rules Washington Supreme Court3 days ago
Women Can Ignore Abortion Waiting Period, Rules Florida Supreme Court3 days ago
Amid 2 Years of No Budget in Illinois, 1 Thing Is Certain: State Workers' Paychecks3 days ago
Bridgegate May Not Be Over Yet. Judge Rules Case Against Gov. Christie Can Proceed.3 days ago
A Former DNC Chair Endorses Indiana Mayor for His Old Job3 days ago