[WardFive] District's Allocations Under Congressionally Approved "American Rescue Plan"

Greetings and salutations friends and neighbors, the following was extracted from the Tax Foundation’s review of the American Rescue Plan legislation as voted by the Senate and House of Representatives.

 

Best,

Robert Vinson Brannum

Advisory Neighborhood Commissioner

President Emeritus, DC Federation of Civic Associations, Inc.

 

https://taxfoundation.org/state-and-local-aid-american-rescue-plan/

The following table shows each state’s [District of Columbia] estimated revenue gains or losses in 2020, alongside the state and local aid that would be allocated to each under the American Rescue Plan Act. Federal aid as a percentage of loss is for the state [District of Columbia] component only (state aid as a percentage of state revenue loss, where states have lost revenue). Aid per capita incorporates aid to both states and localities. The American Rescue Plan Act provides $1,066 in state and local [District of Columbia] aid per capita nationwide, and the $195.3 billion earmarked for state [District of Columbia] governments is almost 116 times the states’ aggregate revenue losses. For state revenue data, we largely rely on monthly tax collections data collected by Marc Joffe at the Reason Foundation, updated where appropriate and projected through the end of the year for the seven states with data limitations.

State [District of Columbia] Revenues and State and Local Aid Under the Proposed American Rescue Plan Act  Change in State [District of Columbia] Revenue in Calendar Year 2020 vs. 2019, with Proposed Federal Aid Allocations
			“American Relief Act Aid” Allocations				Federal Aid Calculations
State	Revenue Change		State Aid	Local Aid	Total Aid		% of Loss	Per Capita
District of Columbia	-$434,620,000		$1,712,325,487	$493,410,164	$2,205,735,651		508%	$2,075