By Yuval Rosenberg (The Fiscal Times), includes “The surge was driven by federal pandemic relief funds. Spending from states own funds rose by 5.7%, while spending of federal funds soared by 35.7%. … States also saw revenues rise sharply in fiscal 2021, climbing 12.8%. That reversed a decline from the year before, the first time state revenues had fallen since fiscal 2010. Federal aid played a part in that reversal, the state budget officers’ report says …”
Read the full article on: Yahoo Finance