Tag: State Budgets

Tag: State Budgets

  • Senate Budget Committee Looks to the States for Guidance on Responsible Budgeting image

    Senate Budget Committee Looks to the States for Guidance on Responsible Budgeting

    States like Wyoming regularly pass balanced budgets and hold their lawmakers accountable for excessive spending—it is great to see the Senate Budget Committee taking the lead to discuss needed budget reforms. Taking lessons from our laboratories of democracy is exactly the right place to start.

  • The Williams Report: January 2019 image

    The Williams Report: January 2019

    BUDGET Arizona: Gov. Ducey’s Budget Proposal Adds to Arizona Education Spending Gov. Doug Ducey’s first budget since re-election contains a substantial increase in education spending. Arizona can …

  • The Williams Report: December 2018 image

    The Williams Report: December 2018

    BUDGET Illinois: State Owes Private Firms more than $327 Million in Late Interest Payment Penalties After paying $275 million in late interest payment fees, Illinois still owes third-party financers …

  • The Williams Report: November 2018, Part 2 image

    The Williams Report: November 2018, Part 2

    BUDGET Connecticut: General Assembly Democrats May Need GOP Help to Pass Next CT Budget Connecticut is currently projected to have a $2 billion deficit next budget cycle. The “volatility cap,” …

  • The Williams Report: November 2018 image

    The Williams Report: November 2018

    BUDGET Indiana: Hoosiers Will Vote “Yes” or “No” on Balanced Budget Amendment Indiana voters will decide this November whether or not state legislators must pass a balanced …

  • Invasion of the Budget Snatchers: The Looming State Financial Crisis image

    Invasion of the Budget Snatchers: The Looming State Financial Crisis

    Like the beginning of a horror movie, the end of a budget process is often bright with people smiling, shaking hands, and congratulating themselves on passing a balanced budget. But …

  • The Williams Report: October 2018, Part 2 image

    The Williams Report: October 2018, Part 2

    BUDGET: Arkansas: Hearings on State’s Budget to Get Going As budget hearings begin, Arkansas legislators will learn the details of programmatic and state agency funding needs, and what Governor …

  • The Williams Report: October 2018 image

    The Williams Report: October 2018

    BUDGET: Alaska: New State Budget Report Predicts State Savings Accounts Will Be Empty by 2021 Alaska’s persistent funding crisis continues as the state is forced to underfund entitlements and …

  • 1.1 Trillion Reasons to Remember State and Local Bond Obligations image

    1.1 Trillion Reasons to Remember State and Local Bond Obligations

    Note: This Article Originally Appeared in The Hill. We can all agree that we want our states and cities to avoid the painful lessons collectively learned from the recent …

  • The Williams Report, September 2018 image

    The Williams Report, September 2018

    Budget: Connecticut: Small Surplus Projected with Current Budget Two months into Connecticut’s fiscal year, the state’s budget chief is projecting a nearly $138 million operating surplus, driven …

  • The Pension Crisis is not a Black Swan Event image

    The Pension Crisis is not a Black Swan Event

    Close your eyes and envision a swan. What color is it? Most likely, it is a white swan. Because most of us go our entire lives coming across only white …

  • State Bonded Obligations, 2018 image

    State Bonded Obligations, 2018

    States issue a diverse array of bonded obligations, with a range of obligation strength, revenue sources, debt service schedules, and other factors. This study collects and analyzes the bonded obligations …

  • The Williams Report, August 2018 image

    The Williams Report, August 2018

    Budget: Illinois: State Admits to Billion-Dollar Budget Hole The Rauner Administration acknowledged a $1.2 billion structural deficit in an offer to sell $920 million in state bonds.

  • Unaccountable, Unaffordable 2017 image

    Unaccountable, Unaffordable 2017

    Unaffordable and Unaccountable 2017 surveys the more than 280 state-administered public pension plans, detailing their assets and liabilities. The unfunded liabilities (the amount by which the present value of liabilities …

  • The Williams Report image

    The Williams Report

    Budget Alabama: Alabama’s general fund ended the year with $34 million more dollars than expected, but in the eyes of many politicians it is as good as …

  • Distinguishing Myth from Reality: The Kansas Tax Reform Effort image

    Distinguishing Myth from Reality: The Kansas Tax Reform Effort

    Tax policy changes in Kansas have received more media attention than any other state-level fiscal reforms in recent memory – even though many successful pro-growth tax reforms took place in …

  • Oregon Triggered by Poor Tax Policy image

    Oregon Triggered by Poor Tax Policy

    Oregon taxpayers will receive $464 million worth of their income tax payments back as refundable credits on their 2018 returns, despite the initial $1.8 …

  • Alexion, General Electric, Aetna and Others Are Leaving Connecticut for a Reason image

    Alexion, General Electric, Aetna and Others Are Leaving Connecticut for a Reason

    The Connecticut legislature moved to raise taxes by about $1.5 billion dollars[i] through new and higher taxes on cell phones, Uber rides, hospitals, hotels and second properties last …