Because the passage of the American Rescue Plan Act in March, state coverage makers have fiercely debated spend practically $200 billion in stimulus funds. Few People, nonetheless, have heard plans for the $130 billion that went to cities and counties.
Regardless of considerations through the pandemic that the financial downturn would bankrupt native governments, we now know that they don’t want this windfall. Native governments really noticed a rise in tax income in 2020, because of rising property taxes, and they’re taking a look at a bumper tax yr in 2021. States ought to push these cities and counties to return the stimulus cash to taxpayers by permitting residents to vote on any new spending.
https://www.wsj.com/articles/state-local-town-city-covid-stimulus-cut-tax-revenue-rescue-plan-spending-biden-11631636067 | Cities and Cities Ought to Use Their Stimulus Windfalls to Lower Taxes