Want To Know The Tax And Budget Situation In Your State?
What goes on in Washington, D.C. obviously has a big impact on companies’ ability to do business, but so does state tax and budgetary policy. As the nonprofit, nonpartisan Urban Institute explains, “State budgets are more than numbers. They reflect priorities, challenges, and history.”
In an effort to prepare individuals and businesses for what is to come in each state capital, the institute has launched a new State and Local Finance Initiative, which includes briefing documents on budget and tax policies in all 50 U.S. states and the District of Columbia.
Each brief explores:
- Expenditure and revenue data and an overview of the most recent state budget;
- Political control of the state government;
- Ongoing fiscal debates (e.g., tax cuts, Medicaid expansion, and pension reform);
- Trends in personal income, poverty, unemployment, and industry composition; and
- Data on population, race, age, and education.
If you are interested in learning more about the debate about fiscal policy in your state, we encourage you to check out this helpful information, available here.