Archives: State Budgets / Articles
Archives: State Budgets / Articles (page 10)
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Education Spending and Outcomes
In 2016, the Connecticut Superior Court held that the state failed to uphold its constitutional duty to provide adequate education to children in certain school districts.[i]…
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The Williams Report
Fiscal: Arizona: Large sales tax increase via ballot initiative proposed for teacher salaries and education funding. California: California Senate Scraps $3 Billion Electric-Vehicle…
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Taxpayers Score Win as Pennsylvania House Squashes Proposed Tax Hikes
Late Wednesday night, members of the Pennsylvania House of Representatives passed a budget that is free of the onerous tax increases included in previous budgets passed by…
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The Williams Report
Fiscal: Alabama: Industrial sector growth likely to improve property tax revenues without rate increases in Morgan County, Alabama. Alabama’s State Department of Education is projected to have…
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Resist the Temptation to Tax Gross Receipts
In the United States, gross receipts taxes (GRTs) had their heyday shortly after the Great Depression as states desperately chased revenue, but by the 1960’s they had nearly disappeared from…
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The Williams Report
Fiscal: Alaska: Alaska finalizes the state’s capital budget of $1.4 billion dollars, primarily in construction projects. Connecticut: As municipalities face transfer cuts from the State, they ask the governor…
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The Williams Report
Fiscal: Connecticut: Lt. Governor Breaks Tie in State Senate, Approves Contract for State Workers Democratic Lt. Governor Nancy Wyman voted on party lines to break the tie and pass…
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VIDEO: Cutting Red Tape in Kentucky
Governor of Kentucky, Matt Bevin, addressing the ALEC 2017 Annual Meeting on the importance of cutting red tape and how Kentucky has worked to make this possible.
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VIDEO: Cut Taxes, Save States
Former Speaker, Newt Gingrich, addressing the ALEC 2017 Annual Meeting on the importance of implementing tax cuts before taking on true reform in each state.
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The Williams Report
Budget: Alaska: Alaska Legislature Will Likely quit for the Summer Without a Fiscal Plan, or Even a Capital Budget Connecticut: Malloy Details How He Would Manage the State…
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Pension Obligation Bonds Could Unravel Pension Reform Victory
Issuance of POBs will negate the recent pension reform victory by shifting current pension costs to future taxpayers and gambling the commonwealth’s fiscal health on risky arbitrage.
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Delaware could learn an economic lesson from North Carolina
When it comes to state budget problems, Delaware is not alone as it faces a nearly $350 million gap. In fact, more than 30 states faced budget shortfalls this fiscal year. Why…
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North Carolina Accelerates Broad-Based Tax Relief
By further lowering economically destructive taxes on productivity, North Carolina lawmakers are giving the state’s economy yet another long-term boost, further magnetizing its draw for individuals and businesses alike.
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The Williams Report
Budget: Alaska: Budget Standoff Continues as House Votes to Double Permanent Fund Dividends The state government will partially shut down on July 1st if no resolution reached. California:…
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Illinois Must Dig Itself Out Of The Fiscal Ditch
Finger-pointing is rampant in Illinois as the state’s credit rating has been downgraded by S&P and Moody’s to near junk status, the lowest ever for a state. Without…
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State of the State: Illinois
From Illinois’ crushing taxes and regulations to the state’s fiscal problems, it is easy to see why people are voting with their feet and leaving the state at disproportionately high rates. If the Land of Lincoln wishes to stop the bleeding, Governor Rauner can’t be the only one with good ideas—members of the General Assembly and the general public need to get behind necessary reform efforts to save the state.
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The Williams Report
Budget: Colorado: Hickenlooper Signs $26.8 Billion State Budget That Avoids “Draconian Cuts” to Hospitals, Schools The Governor signed a $26.8 billion spending plan that increases school funding…
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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.
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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.
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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.