States Are Broke And Many Are Eyeing Massive Cuts. Here's How Yours Is Doing

The COVID-19 pandemic could swipe roughly $200 billion from state coffers by June of next year, according to an analysis by the Urban Institute's State and Local Finance Initiative.

Record-high unemployment has wreaked havoc on personal income taxes and sales taxes, two of the biggest sources of revenue for states. Hawaii's and Nevada's tourism industries have crashed, and states like Alaska, Oklahoma and Wyoming have been hit by the collapse of oil markets. From March through May of this year, 34 states experienced at least a 20% drop in revenue compared with the same period last year, according to data provided to NPR by the State and Local Finance Initiative.