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   From: hoft@localhost.com   
      
   >   
   >Booming revenues are filling state budget coffers across the country to the   
   > brim as both higher wages and higher prices increase tax collections far b   
   >eyond expectations.   
   >   
   >A review of state fiscal offices conducted by the National Conference of St   
   >ate Legislatures found half the states now expect to exceed revenue project   
   >ions this fiscal year, projections that were already far higher than in pre   
   >vious years. Another 17 states are on pace to meet their expectations.   
   >   
   >The good news comes two years after the onset of the coronavirus pandemic,   
   >when state budget officers looked into an abyss of red ink in the midst of   
   >business shutdowns and mass layoffs that appeared to be the brink of the ne   
   >xt Great Depression.   
   >   
   >But the rapid recovery, bolstered by trillions in federal spending includin   
   >g billions directed to state and local governments as well as direct aid to   
   > individuals and families, has turned what could have been a budgetary cata   
   >strophe into an unprecedented wave of revenues.   
   >   
   >The situation represents ƒ oa total 180 from where we were at the sta   
   >rt of the pandemic,ƒ   said Erica MacKellar, who runs NCSLƒ Ts   
   >Fiscal Affairs Program. ƒ oThis quick rebound is really positive for   
   >states.ƒ   
   >   
   >Almost half the states project personal income taxes will exceed expectatio   
   >ns this year, as wages rise and people earn more money. Five more states ex   
   >pect to meet projections that have already been revised upwards.   
   >   
   >Sales tax revenues are likely to beat expectations in more than half the st   
   >ates. About half the states had already raised their sales tax revenue proj   
   >ections in recent months.   
   >   
   >But while higher income tax revenues are a sign that residents are earning   
   >more, higher sales tax revenues mean they are spending more ƒ " due a   
   >t least in some part to inflation. MacKellar said some states had noted tha   
   >t inflation was a part of the reason they expected to take in more sales ta   
   >x revenue.   
   >   
   >https://thehill.com/homenews/state-watch/597919-record-revenues-pour-into-s   
   >tates   
   >   
      
   Better not see the rich paying any of those taxes because they throw a lot of   
   money at Republicans to see that it's only the middle class and below who   
   need to fork over the $$.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)