How states can avoid a COVID relief fiscal cliff – Route 50

Twelve states, including California, Illinois, Michigan, New York and Pennsylvania, used state and local relief funds to cover recurring costs that were equivalent to a significant 2.5% or more of their fiscal 2022 general fund expenditures. These 12 states, which are home to about 40% of America’s population and total state general fund spending, thus face a moderate to elevated risk of encountering fiscal cliffs if they don’t find money to replace the federal dollars used to shore up their budgets before those funds expire.
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mqyl
7 months ago

I didn’t prove this statistically, but it seems the more a state mismanages its taxpayer revenues, the more fiscal cliffs it experiences. Hence, Illinois’ new slogan: “Land of Fiscal Cliffs.” I went kind and gentle, leaving out words like “corruption,” “greed,” and “poor financial management skills.”

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