New York State is reeling from a COVID-era exodus to low-tax locales as revenue during this fiscal year is down nearly 20%, according to a report.
New York has collected 19.5% less in levies while California has seen its state tax revenue fall by a whopping 24.9%,Meanwhile, Texas reported a 12.2% growth in state tax revenue while Florida has collected 9.9% more in levies so far this fiscal year, according to the data compiled by Urban-Brooking Tax Policy Center.
New York state is reeling from COVID-era outmigration to low-tax locales as revenue during this fiscal year is down nearly 20%, according to a new report.California has seen its state tax revenue fall by a whopping 24.9%. The Los Angeles skyline is pictured above.Recently released data from the Internal Revenue Service show that New York and California lost a total of more than $90 billion in income during the pandemic as residents fled to areas with a cheaper cost of living.
Meanwhile, California lawmakers this week approved a $310.8 billion budget that closes a nearly $32 billion budget deficit while also extending a lucrative tax break for the state’s film and television industry.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US reports first cases of locally transmitted malaria in 20 years, including 4 in FloridaThe Centers for Disease Control and Prevention has issued a health alert after five cases of malaria were detected in two states, the first locally transmitted cases in the U.S. in 20 years.
Leer más »
Why a 20% surge in new home sales might be a win for the FedNew home sales surged 20% in May, defying many experts' predictions. Here's why the Fed may be happy.
Leer más »
CDC issues health alert following 5 malaria cases in Florida and TexasThe CDC issued a health alert about malaria in the U.S. after five cases were confirmed in Florida and Texas. NBC10’s Deanna Durante speaks to experts in our area about any possible concerns for our region.
Leer más »
U.S. Malaria Cases Diagnosed In Decades In Florida, TexasThe CDC has confirmed that five cases of malaria have been discovered in Florida and Texas, the first time the potentially fatal mosquito-borne disease has been locally acquired in the United States in 20 years. What do you think?
Leer más »
'Sweet Magnolias' Season 3 Trailer: New Relationships, New Challenges'New challenges and new relationships are good for the soul.' SweetMagnolias
Leer más »
Road-tripping for Fourth of July? Get your vehicle ready with these tipsAAA Texas expects a record 3.2 million Texas road-trippers this holiday weekend.
Leer más »