U.S. states saw their tax revenue drop by about $31 billion, or 6%, from March through August, compared to the same period a year earlier.

📉 U.S. states saw their tax revenue drop by about $31 billion, or 6%, from March through August, compared to the same period a year earlier. https://t.co/H44u2OmFtc

— Bloomberg Tax (@tax) October 15, 2020