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It's been about a year since Virginia families last received funds from the U.S. Child Tax Credit, and they want it to be reinstated. According to a study from Columbia University, the Child Tax Credit kept more than 3.7 million children out of poverty in December 2021. ...
In educational performance, New Mexico consistently ranks at or near the bottom among the 50 states, but it could change if an influx of dedicated money is approved by voters next month. The state's economy is heavily dependent on oil and gas, which also means a roller coaster of boom-and-bust cycles. But the boom times have led the state to accumulate $26 billion in its Land Grant Permanent Fund, one of the largest sovereign wealth funds in the world. ...
When families began receiving expanded Child Tax Credit payments during the pandemic, the extra family income lifted almost four-million children out of poverty, but when the payments stopped, child poverty increased by more than 40%. In Utah, just a year after the monthly payments stopped, the number of families with children reporting food insecurity increased by 74%. Gina Cornia, executive director of Utahns Against Hunger, thinks lawmakers should reinstate the $300- to $360-per-child payments, especially with inflation near double-digits. ...
Missouri has made strides in recent years when it comes to the economic stability of families, but advocates stressed there is more work to be done. Missouri ranks 18th for economic well-being in the latest Kids Count Data Book, which also shows a drop in the child poverty rate from 21% in 2012 to 17% in 2020. Melissa Stickel, executive director of the Community Partnership of Southeast Missouri, said their programs focus on reducing poverty by helping people attain the skills needed to earn a stable, supportive income. ...