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Most states enacting permanent budget solutions, not quick fixes

Of the 30 states that raised revenues in 2009, only one state (Kansas) enacted only temporary measures. Seven states (Hawaii, New Jersey, New York, New Hampshire, Nevada, California and Oregon) enacted a mix of temporary and permanent measures. The remaining 22 states made only permanent changes to their respective revenue systems. Of the 61 specific tax policy changes made in these states, 35 of them were measures that improve fairness and long-term stability.

Furthermore, only looking at tax increases made in 2009 doesn’t tell the whole story. Ten states raised taxes in 2007 and 2008. Two states raised taxes in those years but didn’t in 2009: Alabama and Michigan. Looking back even further, let’s not forget that our neighbor to the north, Virginia, enacted a significant tax package in 2004, raising $1.6 billion dollars to help offset cuts to education and maintain the state’s favorable bond rating.

See the breakdown of state tax increases here

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