States Rebound from Bleak Forecasts to Pass Record Budgets
Compared to a year ago, many states are now flush with cash.
This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.
JEFFERSON CITY, Mo. — Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue. They laid off state workers, threatened big cuts to schools and warned about canceling or scaling back building projects, among other steps. Today, many of those same states are flush with cash, and lawmakers are passing budgets with record spending. Money…