2024 Population Estimates: Impact on Bond Caps, Social Services Block Grant Allocations

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The Census Bureau released state resident population estimates for July 2024 and revised estimates for July 2020-2023. The new data identify population shifts and are used to distribute funding for certain formula grants. This Issue Brief summarizes the new population estimates and calculates their effect on calendar year (CY) 2025 tax-exempt private activity bond limitations and fiscal year (FY) 2026 Social Services Block Grant (SSBG) allocations.

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