City halls and statehouses are getting a boost in their scramble for federal aid from an unexpected source: the U.S. Chamber of Commerce
The National League of Cities estimates lost revenue will total $360 billion for cities and counties from fiscal years 2020 to 2022, and the Center on Budget and Policy Priorities, a left-leaning think tank, estimates shortfalls across all state governments will total $615 billion during the same time period.
The public sector was a sore spot in the otherwise surprising uptick in jobs numbers in May, with a 1.5 million drop-off in local government jobs over three months, reflective of just how differently businesses are faring under Congress’s watch. In New Jersey, Republicans have threatened to sue Democratic Gov. Phil Murphy over a proposal to borrow up to $14 billion. And New York Democrats are fighting among themselves over New York City Mayor Bill de Blasio’s $7 billion borrowing request.
Big cities like Seattle and San Francisco are pressing ahead with tax changes, some of which were set in motion before the pandemic. Case in point: Seattle council members have long been pushing for new taxes on Amazon, andIn California, business interests are gearing up to fight a November property tax proposal.
Shulman added that he wouldn’t be surprised if Republican lawmakers added provisions to a spending package requiring tax deferrals or reductions for the private sector. Otherwise, any tax benefits passed down to businesses would depend heavily on lobbying, he said. “You could say,`Why do we have to lay off these three firemen so you could get a tax break?'”
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