Only these states experienced tax revenue rout - Alaska (-42%), HI (-17%), NV, ND, TX, FL, OR

[Demovictory9]

https://www.nytimes.com/2021/03/01/business/covid-state-tax-revenue.html?action=click&module=Spotlight&pgtype=Homepage

As it turns out, new data shows that a year after the pandemic wrought economic devastation around the country, forcing states to revise their revenue forecasts and prepare for the worst, for many the worst didn’t come. One big reason: $600-a-week federal supplements that allowed people to keep spending — and states to keep collecting sales tax revenue — even when they were jobless, along with the usual state unemployment benefits.

By some measures, the states ended up collecting nearly as much revenue in 2020 as they did in 2019. A J.P. Morgan survey called 2020 “virtually flat” with 2019, based on the 47 states that report their tax revenues every month, or all except Alaska, Oregon and Wyoming.


A researcher at the Urban-Brookings Tax Policy Center, a nonpartisan think tank, found that total state revenues from April through December were down just 1.8 percent from the same period in 2019. Moody’s Analytics used a different method and found that 31 states now had enough cash to fully absorb the economic stress of the pandemic recession on their own.

[Tree Lady]

1. In Oregon I just found out

My tax will go up because of stimulus. In a weird way it raises our state tax by about $300 on most middle incomes because the federal tax that normally you subtract from income to pay state tax isn't as high of a deduction. So I read state will take in 100 million extra $. People on both sides furious because we all thought no tax on stimulus.

[Elessar Zappa]

6. Are you sure about that?

My accountant told me that the stimulus money is not subject to taxation as do several articles I’ve read. I’ll try and find a link.

[Tree Lady]

7. Not the stimulus itself

But the lower fed tax that is a normal deduction on state causes it. If you google articles wrote this past month about it in Salem Portland newspapers they talk about it in full. I had no idea till I started my state taxes.

https://www.koin.com/news/health/coronavirus/tax-implications-of-stimulus-checks-catching-oregonians-by-surprise/

[Make7]

2. Image with data:

Unfortunately this will be used by Republicans to claim state and local governments do not need money. But expenses to deal with the pandemic have increased government spending, leaving many locales with budget shortfalls - which they need help with or many more people will be losing their jobs.

[Demovictory9]

3. thanks for adding the data... interesting how the revenue trends track almost with red state / blue

states... almost

[Renew Deal]

4. It looks like cheap gas might have hurt AK, TX, and ND. But what happened to Florida?

[GulfCoast66]

5. No tourist. No income tax.

We pretty much depend on tourist to pay our bills. Actually works most of the time. Not so much during a pandemic