10-13-20 State Revenue Shortfalls v. Billionaires
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StateState Revenue or Budget Shortfall?State Budget Deficit / Revenue Shortfall 2020State Budget Deficit / Revenue Shortfall 2021TOTAL State Revenue Shortfall
2020 & 2021 LOW
($ Millions)
TOTAL State Revenue Shortfall
2020 & 2021 HIGH
($ Millions)
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ArizonaRevenue$190 million$518 million$708$708
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CaliforniaRevenue$42 billion$42,000$42,000
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ColoradoRevenue$3 billion$1.6 billion$4,600$4,600
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ConnecticutBudget$0$2.1 billion$2,100$2,100
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FloridaRevenue$1.9 billion$3.4 billion$5,300$5,300
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GeorgiaRevenue$260 million$2.5 billion$2,760$2,760
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IllinoisRevenue$1.4 billion$4.3 billion$5,700$5,700
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IowaRevenue$65 million$65$65
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Massachusetts
Revenue$693 million
$2.7 billion - $5.3 billion
$3,393$5,993
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MichiganRevenue$900 million$2.5 billion$3,400$3,400
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MissouriBudget$640 million$459 million$1,099$1,099
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MontanaRevenue$300 million$300$300
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NevadaRevenue$812 million$1.2 billion$2,012$2,012
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New Hampshire
Revenue
$230 million to $395 million
$230$395
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New JerseyRevenue$2.8 billion$5.7 billion$8,500$8,500
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New YorkRevenue$13.3 billion$14.5 billion$27,800$27,800
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North CarolinaRevenue$1.6 billion$2.6 billion$4,200$4,200
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OhioRevenue$2.3 billion$2,300$2,300
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PennsylvaniaRevenue$3.2 billion$1.2 billion$4,400$4,400
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TennesseeRevenue$654 million$1.5 billion$2,154$2,154
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TexasRevenue$11.6 billion$11,600$11,600
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VermontRevenue$182 million$182$182
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VirginiaRevenue$1.3 billion$1,300$1,300
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West VirginiaRevenue$500 million $500$500
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WisconsinRevenue$113 million$2 billion$2,113$2,113
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Sources
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Revenue data is from news sources and Center on Budget and Policy Priorities, "States Grappling with Hit to Tax Collections" (updated June 30, 2020)
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