I was very surprised to learn that almost every state spent less than it took in in tax revenue (in 2017). It looks like that, without unfounded pension liabilities, our states (unable to print money) are in good financial health.https://howmuch.net/articles/stacking-up-each-state-government-finances …
-
Show this thread
-
Replying to @Molson_Hart
One third of the state revenues come from the federal govt though. So i think they just push the deficit one level up.https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-state-governments …
1 reply 0 retweets 1 like -
Replying to @gsvigruha
Wow, had no idea federal to state transfers accounted for such a high percentage of state revenue!
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart
Yeah... most of seems Medicare/aid though so im not entirely sure how to count it exactly. Its regulated and fincanced by the fed govt but somehow goes through the state it seems?
1 reply 0 retweets 1 like -
-
Replying to @Molson_Hart
It seems its financed jointly by the state and fed. The fed govt provides matching funds for state $ spent: https://www.kff.org/medicaid/issue-brief/medicaid-financing-how-does-it-work-and-what-are-the-implications/ … This shit is way too complicated.
1 reply 0 retweets 1 like -
Replying to @gsvigruha
Uncapped? I’ve definitely heard that there are major state to state differences in Medicaid. For example, easy to get in NY, not so in TX.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart
Seems uncapped at a first glance but i mean if TX doesn't put in the same money as NY then what you're saying still stands.
1 reply 0 retweets 1 like
Yup, not doubting you on it.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.