Numerous states have seen their state revenue surge in 2021 fueled by a robust stock market, growing income, federal aid, and increased tax revenue, The Wall Street Journal reported.
States’ revenue soared 24% between April and November from 2020 to 2021, according to a survey conducted by the Urban Institute think tank, the WSJ reported. Thirty-two states said the revenue collected in the fiscal year ending in 2022 was ahead of expectations, according to data from the National Association of State Budget Officers obtained by the WSJ.
Out of dozens of lines showing millions of dollars for Missouri’s supplemental budget, one sticks out in House Bill 3014.
There are 25 lines, each representing a department or office in Missouri government, requesting a 5.5% cost of living adjustment for all state employees. Gov. Mike Parson announced the increases and a base pay of $15 per hour in December.
This week’s Golden Horseshoe Award goes to the U.S. Department of Education for approving pandemic relief spending plans by school districts that include millions for upgrading athletic facilities, installing security cameras, purchasing floor shiners and other non-pandemic related projects.
Approximately $190 billion in pandemic funding under both the Trump and Biden administrations was allocated to schools to safely reopen and protect teachers and students.