Archives: State Budgets / Articles

Archives: State Budgets / Articles

  • State of the State: Delaware image

    State of the State: Delaware

    Governor Carney's agenda resists overall spending reductions, advocates for higher taxes and neglects other needed policy reforms (such as worker’s compensation and worker freedom). With a legislature unlikely to circumvent the lackluster agenda of the new governor, don’t expect Delaware’s economic outlook to break through the median anytime soon.

  • State of the State: Ohio image

    State of the State: Ohio

    A renewed focus on reforms-rather than government micromanagement-can ensure the governor’s homestretch is one of continued economic renewal.

  • State of the State: New Hampshire image

    State of the State: New Hampshire

    Despite the Granite State’s strengths and Sununu’s proposals, there remains work to be done. For example, the top marginal tax rate for corporations is a steep 8.2%; and although New Hampshire doesn’t have a personal income tax or sales tax, it does have the highest property tax burden in the nation. New Hampshire also ranks a lackluster 37th in the nation in terms of burdensome regulations according to the Pacific Research Institute. Furthermore, the recently released ALEC report Unaccountable and Unaffordable 2016 ranks the state’s pension funding level at 43rd nationally. Using a risk-free rate of return of 2.344 percent, New Hampshire’s state pensions are unfunded in excess of $13,000 per capita with a funded ratio of just 28 percent.

  • The Williams Report image

    The Williams Report

    General: Huffington Post Bob Williams column: How to address states’ budget deficits: performance-outcome budgeting Budget: Alabama: Lawmakers pass Alabama state budget Arizona:  Governor signs $9.8 billion state budget …

  • State of the Commonwealth: Massachusetts image

    State of the Commonwealth: Massachusetts

    Overall, however, the state’s steps towards economic competitiveness are yielding results. Governor Baker rightfully recognized this achievement, “We built a bipartisan team, worked in partnership with the legislature and looked for common ground.” Shrinking the state’s budget gap by over $1 billion without tax or fee increases is just one example.

  • State of the State: Vermont image

    State of the State: Vermont

    With Vermont’s economic outlook continuing to languish at 49th (according to the American Legislative Exchange Council’s Rich States, Poor States publication), legislators may be ready to take the governor’s charge to heart: “We must act now, and begin our ascent.”

  • State of the State: Utah image

    State of the State: Utah

    The governor cautioned against “altering our tax policies in any way that could damage our robust economic engine.” He also advised that the “best way to ensure ongoing growth of education funding is to continue to grow our economy. Failure to take into account how tax rates affect business investment won’t help us make good policy decisions.” Indeed, the relatively low top marginal personal and corporate income tax rates (18th and 11th lowest, respectively) are partly responsible for Utah holding the top economic outlook for 10 consecutive years.

  • State of the State: Michigan image

    State of the State: Michigan

    Fortunately, the governor recognizes that the government can best enable growth by removing artificial obstacles to entrepreneurs: “Over the last few years we dumped the dumbest tax in America, we cut needless regulations, we started paying down our long-term debt, we started saving for the future, we laid the groundwork for success we have today so our businesses could create jobs. We create the environment for job creation, we don’t create those jobs.”

  • The Williams Report image

    The Williams Report

    Budget: General: Steve Ballmer Says Numbers and Facts Still Matter Former Microsoft CEO Steve Ballmer is spending $10 million to develop website USAFACTS in order so show “what is …

  • VIDEO: USA Act Explained featuring Representative Cathy McMorris Rodgers image

    VIDEO: USA Act Explained featuring Representative Cathy McMorris Rodgers

    Representative Cathy McMorris Rodgers joins ALEC to discuss the USA Act, a bill that will address wasteful government spending.

  • The Williams Report image

    The Williams Report

    Budget: Alaska: Fate of Competing Plans to Close State Budget is Uncertain California: Despite Increases in State Funding to Schools, Budget Concerns Rise Due to Pension Costs Colorado: …

  • The Williams Report image

    The Williams Report

    Budget: Colorado: Colorado’s Budget Shortfall Grows State expenses are growing faster than revenue. Delaware: Governor Carney Presents Budget Reset Plan for Fiscal Year 2018 To close …

  • State of the State: California image

    State of the State: California

    The governor is right: we cannot “construct some alternate universe of non-facts that we find more pleasing.” California’s economic outlook currently ranks 46th nationally, according to Rich States, Poor States. Ignoring the impending fiscal collapse due to unfunded pension liabilities, failing to reduce the onerous tax burden, and pretending that a state carbon emissions crackdown will alter global climate only will force others to flee Governor Brown’s vision of the future.

  • State of the State: Kentucky image

    State of the State: Kentucky

    On a very bright note, Bevin signed legislation into law earlier this year that officially made Kentucky a right-to-work state, an important step in attracting business and expanding freedom of choice for workers on the decision regarding unionization. A continuation of this spirit of reform bodes well for the state’s future.

  • State of the State: Texas image

    State of the State: Texas

    Republicans and Democrats in the Lone Star State surely can celebrate Texas’ resilience. Governor Greg Abbott began his State of the State address acknowledging the economic toll of falling …

  • State of the State: North Carolina image

    State of the State: North Carolina

    Democratic Governor Roy Cooper began his first State of the State address highlighting the shared interests of all Tar Heel State citizens, but quickly turned to lambast certain Republican-sponsored policies …

  • State of the State: New Jersey image

    State of the State: New Jersey

    The governor praised legislators for reducing the state sales tax and increasing the exclusions for the state’s estate tax; but he failed to mention the tax cut savings are almost entirely offset by the enormous 23-cent per gallon increase in the gas tax. This year’s sales tax reduction of 0.125 percent will save consumers a whopping $1.25 on a $1,000 purchase; meanwhile, the gas tax hike will cost twice this much on a single 11 gallon fill-up.

  • State of the State: Pennsylvania image

    State of the State: Pennsylvania

    Enacting common sense budgetary reforms, eliminating some cronyism, and blocking attempts to increase taxes yet further are commendable. But this will not reverse Pennsylvania’s economic malaise. Accomplishing this will require bold reduction in twin burdens of bureaucracy and tax burden.

  • State of the State: Maine image

    State of the State: Maine

    Under Governor LePage’s leadership, Maine’s economic outlook has improved from 48th in 2011 to 38th in 2016. But the tax hike and minimum wage increase threaten to roll back all of the recent progress. The governor recognizes this economic peril. His economic agenda address the problems created by the twin referendums from this fall. The outcome depends on whether or not state legislators heed his warnings.

  • The Williams Report image

    The Williams Report

    Budget: California: San Diego Unified Approves $124 million in budget cuts San Diego may be facing layoffs after $124 million cut from the education budget. Illinois: 10 …