Now that Congress seems to be taking the macro-economic argument that most economists and policy wonks including yours truly have been advancing to GO BIG seriously enough to help states and localities not only cover Covid-related expense but also help cover tax and fee revenue shortfalls, Governors, County and local leaders (and their CFO) are beginning to see how much their jurisdiction would likely receive per the criteria laid out in the Budget Reconciliation Resolution's "Title V, Subtitle A Coronavirus State an Local Fiscal Recovery Funds," under the House Committee on Oversight and Reform's jurisdiction.
Here's the Committee one-pager describing the provisions of Title V, but dear reader you'll have to wade through the Title V language itself to see and begin to even halfway understand what's driving these estimated allocations to all 50 states and their major county and municipal jurisdictions. (All the provision's local government allocation language on Community Development Block Grant (CDBG) eligibility really took me back along memory lane to the Carter Administration era when the Institute was front and center in the debates over the distribution formulae for those programs but I can't say I'm feeling young again, just mentally exhausted.)
You should be able to see and download the CRS estimates for all the amounts to be received by all eligible jurisdictions by hitting the downward arrow in the box below. If that doesn't work you should use this link provided by the committee.
Even a cursory look at these estimates should certainly put the lie to the notion that this would be a blue state bailout only. For (red state) examples: $27.161Billion to Texas state and local governments, or $16.35 Billion to Florida state and local governments sure ain't chicken feed, right?
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