State Budget and Tax
Governors’ New Budgets Indicate Loss of Many Jobs if Federal Aid Expires
"Facing continued major budget problems and the end of most federal Recovery Act assistance halfway through their coming fiscal year, governors are proposing a new round of deep budget cuts that would increase unemployment and threaten the fragile economic recovery.
"Without further federal aid, the actions states will have to take to close their budget gaps could cost the economy 900,000 jobs. Congress is considering extending some assistance to states as part of forthcoming jobs legislation."
Related:
Basics
State and local governments are the main source of funding for K-12 education, public colleges and universities, health care, transportation, public safety, and many other services — including services for low-income and other vulnerable residents. They finance these services mostly through taxes and fees, primarily income and sales taxes. (Not every state has an income and sales tax.) Unlike the federal government, states must balance their budgets on an annual basis.
- Policy Basics: The ABCs of State Budgets
- Where Do Our State Tax Dollars Go?
- Property Tax Caps
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Featured Experts
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Nicholas Johnson
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Iris Lav
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Michael Mazerov
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Elizabeth McNichol
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Jon Shure
The Center’s State Fiscal Project works with state officials and state-based nonprofits to develop responsible budget and tax policies that take the needs of low-income families into account. We provide information and technical assistance on a variety of issues, including strengthening state tax systems, state budget priorities, and making low-income programs more effective. We also help state nonprofits understand how federal budget and tax decisions affect states and their residents.
New
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Podcast: The ABCs of State Budgets
February 9, 2010
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Governors’ New Budgets Indicate Loss of Many Jobs if Federal Aid Expires
February 5, 2010
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January 30 Data Release Will Capture Only a Portion of the Jobs Created or Saved By the Recovery Act
January 29, 2010
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Press Release: Governors’ 2011 Budgets Propose New Round of Cuts
January 28, 2010
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Policy Basics: The ABCs of State Budgets
January 28, 2010
- More:
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Of Interest
State Income Taxes Push Many Working-Poor Families Deeper Into Poverty
Promoting State Budget Accountability Through Tax Expenditure Reporting
Expanding Sales Taxation of Services: Options and Issues
Pulling Apart: A State-by-State Analysis of Income Inequality
Budget Cuts or Tax Increases at the State Level: Which Is Preferable During an Economic Downturn?
The State Fiscal Analysis Initiative
The State Fiscal Analysis Initiative brings together nonpartisan, independent, nonprofit organizations in more than 30 states. These organizations have diverse backgrounds and missions, but they share a commitment to rigorous policy analysis, responsible budget and tax policies, a particular focus on the needs of low- and moderate-income families.
