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States across the U.S. built big budget surpluses as inflation helped drive up their revenues from income and sales taxes. Now the Federal Reserve's efforts to fight inflation are helping
State governments emerging from the pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections. Now many states are reaping another reward.
State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections.
JEFFERSON CITY, Mo. -- State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections.
Many states are banking millions of dollars off COVID surpluses as the Federal Reserve fights inflation with higher interest rates.