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States Bullish on Revenue Growth, For Now, as Pandemic Wanes

July 13, 2021, 9:01 AM

Sales and excise tax increases aren’t on the short-term agendas of most states, thanks to an economic rebound coming out of the Covid-19 pandemic and federal stimulus dollars.

Long-term, however, states are fretting about potential revenue gaps as federal dollars disappear and any broader economic carnage from the pandemic becomes apparent.

Those are among takeaways from the “State of State Taxes” report, released Tuesday by the Urban-Brookings Tax Policy Center. The survey of state budget officers revealed near-term revenue optimism, but long-term nervousness, said Lucy Dadayan, a researcher ...

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