State Revenues Nearly At Pre-Pandemic Levels, Pew Reports

July 27, 2021, 8:11 PM

State tax revenues are bouncing back faster than they did in the Great Recession, thanks to Covid-19 vaccinations, an easing of public health restrictions, and nearly $2 trillion in federal aid, the Pew Charitable Trusts said Tuesday.

The bounce started showing late in 2020, when by the end of the year states overall had mostly recovered from historic revenue declines in the first half, to reach just 1.9% below pre-pandemic levels by year-end, Pew said. Three quarters of states posted year-over-year gains in the final quarter of 2020.

  • Idaho and Utah fared best in 2020, with revenue gains of ...

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