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Gerald Hoots, CPA, P.C.
Certified Public Accountant
P.O. Box 7356
Salem, OR 97303
Phone: 503-585-1782
Fax: 503-585-1818
STATE BUDGETS
While many states prepared for a substantial revenue shortfall in 2020 due to the effects of the pandemic, states only saw a 1.6% revenue decline according to the National Association of State Budget Officers. Vermont, Colorado, and Alabama experienced revenue increases of more than 3%, boosting the national average. States are expecting a 4.4% decline for the fiscal year ending on June 30, 2021.
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