Uncategorized

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

Check Also

Even more states take the balanced approach

In a report released today, I wrote that ...

Top Stories from NCPW

  • News
  • Commentary

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Legislative Services Officer Paul Coble appears to be violating the state public records law and is [...]

This morning, the state Supreme Court will hear oral arguments in the pivotal case of Silver, et al. [...]

The post Snail mail appeared first on NC Policy Watch. [...]

65 - number of days since the mass shooting at Marjory Stoneman Douglas High School in Parkland, Flo [...]

In Washington, legal and political walls may be closing in on the slow motion train wreck that is th [...]

These are extraordinary times in the American experiment with representative democracy. In Washingto [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.