Most states have most or all of the “rainy day” funds — reserves to use when recessions or other unexpected events cause revenue declines or spending increases — needed to weather a moderate recession, but they still face many risks, according to the bond rating agencies...
off the charts
POLICY INSIGHT
BEYOND THE NUMBERS
BEYOND THE NUMBERS
School Infrastructure Needs a Funding Infusion
April 17, 2018
As this week’s New York Times vignettes from teachers themselves show, school funding debates in states across the country must include an important piece of the funding puzzle: money to build new — and repair old — schools. Improving the schools in which children learn is one key to...
New Infrastructure Plan Would Boost Economy
March 14, 2018
Senate Democrats’ new Jobs & Infrastructure Plan for America’s Workers would invest roughly $1 trillion in public transit, roads, schools, water treatment plants, housing, and other critical infrastructure to create better-paid jobs, boost broadly shared economic growth...
Weaker Unions Could Mean More Income Inequality in States
March 6, 2018
The Supreme Court is considering whether public sector unions can require non-members to pay fees to cover certain union expenses and, if it decides they can’t, that likely will mean that such unions will lose members, hurting their ability to bargain collectively with employers. That, in turn, could worsen income inequality, which has been growing across the country and in individual states...
Trump Plan to Cut Federal Infrastructure Funding Puts Needed Improvements at Risk
February 15, 2018
President Trump’s infrastructure plan is a disappointment to states and localities looking for significant help from the federal government to address the country’s crumbling infrastructure. As my colleague Jacob Leibenluft explained, the plan is a mirage that would cut federal support for infrastructure...
Time for States to Invest in Schools
January 31, 2018
State cuts in K-12 education funding over the past decade, which we’ve detailed, have affected more than schools’ operating budgets for teacher salaries, textbooks, and so on. Capital spending — to, for example, build new schools, renovate and expand facilities, and equip schools with more...
States Should Take Initiative on Infrastructure to Boost Economic Growth
August 10, 2017
The condition of roads, bridges, schools, water treatment plants, and other physical assets greatly influences the economy’s ability to function and grow. Commerce requires well-maintained roads, railroads, airports, and ports. Growing communities rely on well-functioning water and sewer systems and uncrowded, safe schools. Every state needs infrastructure improvements that have the potential...
Harmful Tax Cuts Helped Fuel Oklahoma’s Budget Woes
March 7, 2017
The bond rating agency Standard & Poor’s has lowered Oklahoma’s bond rating due to two years of budget shortfalls and the state’s use of one-time funds to address them. Some of the budget stress is due to volatile energy sector revenues, but ill-advised tax cuts pose at least as big a problem.
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States Shouldn’t Wait to Invest in Infrastructure
February 24, 2017
States are awaiting details of a promised federal plan to invest more in roads, bridges, and other public infrastructure. More federal help would be welcome, but states would be wise to move ahead on their own.
The need to invest in America’s roads, bridges, schools, water treatment plants, and other physical assets is well-documented. ...
States Can Extract Lessons from Energy-Related Revenue Woes
February 14, 2017
Energy-producing states that rely heavily on volatile energy-related tax revenues offer a cautionary tale for other states, our new report shows. The short-sighted fiscal actions that energy-producing states took — and things they didn’t do — show how...
