For meaningful federal aid to states, why not reimburse unemployment compensation payments? https://buff.ly/2YJ1zaf @JaredWalczak
State tax revenues held steady in 2020, coming in less than one-tenth of 1 percent lower than in 2019, according to the latest JPMorgan research (which is consistent with earlier data), and combined state and local revenues have likely risen year-over-year.
This is a curious backdrop to the current federal debate, in which Congress is considering authorizing $350 billion in direct aid to state and local governments.
There is, however, one area where states face a serious fiscal hardship: their unemployment compensation trust funds.
If Congress wants to do something meaningful to help states with their revenue needs, they should start here.
If Congress wants to do something meaningful to help states with their revenue needs, they should start here.