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Research report

State Revenue Responses to Fiscal Shortfalls

Kim S. Rueben, Ritadhi Chakravarti
December 10, 2010
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Abstract

The current economic downturn has resulted in a sharp decline in state tax revenues. Forty-six states faced budget shortfalls when passing their fiscal year (FY) 2011 budgets, and 17 states reported shortfalls of more than 20 percent. According to the National Association of State Budget Officers, in tandem with budget cuts, 40 states enacted legislation to raise tax revenues in some form between fiscal years 2009 and 2011.

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State and Local Issues
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Meet the Experts

  • Kim S. Rueben
    Sol Price Fellow
  • Ritadhi Chakravarti
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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