Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

States' stimulus boost starts to shrink in June. Currently getting a third of receipts from the Fed.

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-01-10 07:32 PM
Original message
States' stimulus boost starts to shrink in June. Currently getting a third of receipts from the Fed.
Edited on Mon Nov-01-10 07:52 PM by dkf
State and local government finances continue to slowly improve, but the outlook is cloudy because federal aid to states will start to shrink in about nine months.

Revenue for states, cities, school districts and other governments increased 4.3% during the three months ended Sept. 30 compared with the same period a year earlier, the Bureau of Economic Analysis reports. Spending rose 2.9%.

Revenue has risen in every quarter for two years. The nation's state and local governments as a whole have run surpluses for the last year, helped by cutting jobs and other expenses.

What's made the biggest difference is a massive infusion of federal aid from the economic stimulus program approved in February 2009.

Federal money is now the biggest source of cash for states and local governments, larger than income, sales or property tax collections.

--stimulus $539.3B, property taxes $436.6B, sales taxes $427.3B, income taxes $262.3B

http://www.usatoday.com/news/nation/2010-11-02-statetaxes02_ST_N.htm

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC