Senior Fellow Eugene Steuerle examines what he finds may be the most remarkable changes in government fiscal policy in this century: the growth in relative power and revenues of state governments.
At least 21 states have already enacted tax cuts this year, and several more reductions are likely to be adopted before the books are closed on this year's legislative sessions. But, from the perspective of the overall state budgets, the great majority of tax reductions are little more than...
Devolution is a mixed blessing for states. The positive side of the ledger the increased flexibility in using funds that may accompany block grants has been widely discussed, although it is impossible to be certain about how states will take advantage of that flexibility. Less attention has been...
The Extraordinary Growth in State Government Revenues
Senior Fellow Eugene Steuerle examines what he finds may be the most remarkable changes in government fiscal policy in this century: the growth in relative power and revenues of state governments.
Tax Cut Update
At least 21 states have already enacted tax cuts this year, and several more reductions are likely to be adopted before the books are closed on this year's legislative sessions. But, from the perspective of the overall state budgets, the great majority of tax reductions are little more than...
The Potential Impacts of Devolution on State Government Programs and Finances
Devolution is a mixed blessing for states. The positive side of the ledger the increased flexibility in using funds that may accompany block grants has been widely discussed, although it is impossible to be certain about how states will take advantage of that flexibility. Less attention has been...