Budgets

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  • When and How States Should Strengthen Their Rainy Day Funds
    Elizabeth McNichol
    April 16, 2014

    With the budget challenges of the Great Recession and its aftermath still fresh in their minds, state policymakers are considering ways to strengthen their “rainy day funds” — budget reserves for use when recessions or other unexpected events cause revenue declines or spending increases.  It is still …
  • Policy Basics: Where Do Our State Tax Dollars Go?
    Updated March 27, 2014

    As state revenues recover from the recession and some states face unexpected surpluses, policymakers continue to confront major choices about how to pay for important services now and in the future. To inform this crucial decision making, it is useful to examine where state tax dollars go as …
  • Media Briefing: Impact of Kansas’ Massive Tax Cuts Should Be a Warning to Other States
    March 26, 2014

    The Center on Budget and Policy Priorities held a conference call briefing to discuss a new report that examines the impact of Kansas’ large 2012 tax cuts and offers lessons for states considering similar policies. Michael Leachman, director of state fiscal research, discussed large revenue …
  • Media Briefing: Budgeting for the Future: Are States Planning for the Long Run?
    February 4, 2014

    The Center on Budget and Policy Priorities held a conference call briefing to discuss a new report that examines the extent to which states conduct long-term budget planning. The report ranks the states on the degree to which they use key tools that can help states chart their fiscal course …
  • Budgeting for the Future: Fiscal Planning Tools Can Show the Way
    Elizabeth McNichol, Vincent Palacios, and Nicholas Johnson
    February 4, 2014

    Links: PDF of Full Report State Fact Sheets Spreadsheet of Table 1 Spreadsheet of Appendix Tables Executive Summary When state policymakers are writing a budget, they should be mindful of the future, not just the present.  The state budget is the single most important document that a state government produces each year, and it receives close public scrutiny.  It serves as both a financial plan and a policy document — that is, a description of the policies the state intends to pursue in the future.…
  • State Fact Sheets: Budgeting for the Future - Fiscal Planning Tools Can Show the Way
    February 4, 2014

    Budgeting for the Future: Fiscal Planning Tools Can Show the Way describes the ten key tools that can help states chart their fiscal course accurately and make corrections when needed; it also surveys the 50 states and the District of Columbia on the degree to which they use these tools.  Below are links to state fact sheets summarizing the survey findings for …
  • Most States Fall Short on Long-Term Budget Planning
    February 4, 2014

    Almost every state should adopt a much more rigorous approach to their long-term budget planning, according to a new report from the Center on Budget and Policy Priorities.  The report ranks the states on the degree to which they use ten proven tools to help states chart their fiscal course accurately and make mid-course corrections when needed.  …
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