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State Economies Weathered the Coronavirus Storm but the Damage Lives On


State Economies Weathered the Coronavirus Storm but the Damage Lives On
Tim Smart
© (APU GOMES/AFP/Getty Images)
A woman holds a child as she waits in line at a Food Distribution Center
Wisconsin got lucky.
The state s projected tax revenue fared better in 2020 than had been expected at the start of the coronavirus pandemic a year ago and the Badger State is now expecting to have $1.2 billion more in tax revenue during the 2021 to 2023 budget years than was projected in November.
Then there s California, which has been at the epicenter of the COVID-19 outbreak many times. In May 2020, Gov. Gavin Newsom forecast the Golden State would suffer a $54 billion revenue shortfall, following a $21 billion surplus from the previous year. Fast-forward to January and the state says it has $34 billion more than it needs to balance its budget. ....

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