Figure 10. Revenue Impacts as a Share of State and Local General Own-Source Revenue, 2022 (Dollars in Thousands)

State Child Tax Credit Options to Achieve 50% and 25% Child Poverty Reduction

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Note: This table uses approximate values for Fiscal Year 2022 state and local combined own-source revenues. We begin with the Fiscal Year 2020 value for general, own-source revenue taken from the U.S. Census Bureau’s Annual Survey of State and Local Government Finances. We then grow the state tax component of this figure to expected Fiscal Year 2022 values using the Census Bureau’s quarterly data on state tax collections. We do not make adjustments to the 2020 values for local tax revenues or non-tax own-source revenues and therefore may somewhat understate the level of general, own-source revenues in this table.