That would indicate many high-quality news outlets.
Many European countries have state-funded but independent media. Switzerland, Germany, Great Britain, France, et al, all have state-funded and independent media.
The idea is that state-funding makes them less dependent since they do not have to only report what people want to read for ad-revenue but can focus on honest reporting (including reporting critical of the government).
Whether you buy that argument or not is a different discussion. The point is that "state funded" has nothing to do with "state controlled" or even "state affiliated"; just another dumb move by Elon Musk.
I quit Twitter a long time ago. Good riddance, I have not missed anything!