COVID-19’s impact on state and local governments is profound, but not in the expected way | Local News

Oklahoma’s state treasury gross receipts for 2021 — including local sales and use taxes — were $15.2 billion, a calendar-year record, seemingly making the recession of the early 2020s, in terms of impact on state and local governments, much steeper but much less lasting than the crash of 2007-2008.

Many believe that one of the main reasons for this is the trillions of dollars injected into the economy of the United States and Oklahoma by the federal government.

Republican political leaders in the state might disagree, at least to some degree, and leaders tend to credit Gov. Kevin Stitt and others for keeping the state “open” for most of the pandemic, a strategy that has helped keep Oklahoma’s commerce moving. But it’s hard to ignore the effects of the biggest injection of adrenaline into the US economy since World War II.

The American Relief Plan Act – ARPA – makes $1.87 billion available to the State of Oklahoma. That doesn’t include $315.8 million for the state’s 10 largest cities, $238.4 million for the rest of the state’s cities and towns, and $768.6 million for its 77 counties. . It also does not include $1.4 billion set aside for education, or money allocated to tribal state governments.

In total, a November estimate puts the total of all Oklahoma state and local government COVID-related relief at nearly $14 billion, roughly equivalent to state and local tax revenues of one year, or 7% of one year’s gross state revenue.