Contrary to opinions expressed here, many states did not collect full expected taxes in 2020. Not only are income withholding tax receipts down as people lost employment (2020 tax returns are not due yet, so we don’t know actual income tax receipts), BUT sales tax, meal tax, hotel tax and entertainment tax are all way off as people hunkered down during the pandemic.
Here, in CT, homeowners were allowed to defer property tax payments, which affects municipalities. Those local governments also benefit from the stimulus package.
B”H, Mrs. CTL and I don’t qualify for the checks, but we have tenants who are behind on rent who will receive the checks and may pay some back rent.