Reports by Elizabeth McNichol

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  • The Current Services Baseline: A Tool for Making Sensible Budget Choices
    Elizabeth McNichol and Ifie Okwuje
    December 14, 2006

    The single most important document produced by a state government each year, and one that receives close public scrutiny, is the state budget.  It is both a financial plan for the state and a description of the policies the state intends to pursue in the future. Often the first question asked by budget decision-makers and budget watchers …
  • State Budgets: On the Edge?
    Elizabeth C. McNichol and Iris J. Lav
    Revised November 8, 2006

    States are in considerably better fiscal shape than they have been since 2001. State revenues have grown rapidly over the last year, in marked contrast to the sluggish growth or declines in revenues between 2001 and 2004. For many states, however, a return to budget deficits may not be long in coming. Fiscal conditions appear unstable in at least 24 …
  • States Still Playing "Catch-Up" in New Budgets
    Elizabeth C. McNichol, Iris J. Lav, and Ifie Okwuje
    August 2, 2006

    A new survey by the Center on Budget and Policy Priorities of recently adopted state budgets provides the first 50-state data on spending for fiscal year (FY) 2007, which began July 1 in most states. The survey shows: For the second year in a row, state spending will grow at above-average rates. This recent growth, …
  • Estate Tax "Compromise" Proposals May Endanger State Estate and Inheritance Taxes
    Elizabeth McNichol
    Revised June 23, 2006

    On June 22, the House of Representatives approved an estate tax proposal introduced by House Ways and Means Chairman Bill Thomas. While supporters of the proposal describe it as a “compromise,” it would in fact eliminate the vast bulk of estate tax revenue and has been more aptly characterized as “near repeal.…
  • Revisiting State Tax Preferences for Seniors
    Elizabeth McNichol
    March 6, 2006

    By the year 2030 one in five Americans will be over the age of 65 according to Census Bureau projections. Increasingly, state budgets will be stretched thin by the healthcare and other needs of the nation’s elderly. For example, states provide on average 47 percent of the funding for the Medicaid program, which pays for the vast …
  • Pulling Apart: A State-by-State Analysis of Income Trends
    Jared Bernstein, Elizabeth McNichol and Karen Lyons
    January 26, 2006

    Executive Summary The worst effects of the 2001 recession have largely been left behind. The return of economic growth is good news, but this good news is tempered by the fact that the troubling trends in income distribution during the last decades of the 20th century persist in the current …
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