Nevada’s share of American Rescue Plan funding is equivalent to 17.2% of its total state budget in 2020, the third highest percentage among the 50 states, according to a new analysis by Pew Charitable Trusts.
States’ allocations from the federal government’s aid package in the wake of the COVID-19 epidemic varied depending on the extent of their unemployment rates late last year, the study said. The funding ranged from a high of 22.7% of state spending in fiscal year 2020 to a low of about 5%, according to Pew Charitable Trusts.
Some states will be able to earmark the money for big-ticket items, such as broadband, water system improvements or unemployment insurance systems that have become diminished, the analysis states.
In nearly three-quarters of states, American Rescue Plan aid to states equals between 5% and 10% of total state spending, including capital disbursements, according to Pew Charitable Trusts.
This article was originally posted on American Rescue Plan funds going to Nevada equal 17.2% of its state budget, 3rd highest in U.S.