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POLICY INSIGHT
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The Latest on State Budgets

July 16, 2010

Most states started their 2011 fiscal year on July 1, and we’ve updated our analysis of the budget shortfalls — that is, the gaps between revenues and spending — that states closed when adopting their budgets. As the map shows, nearly every state faced a shortfall for 2011; in 18 states, the shortfall exceeded a fifth of the state’s spending.

Estate Tax Reform Must Not Come at States’ Expense

May 20, 2010

As states cut everything from education to health care to address historic budget shortfalls, the last thing they need is for Congress to undercut an important revenue source for many of them. But that’s exactly what would happen if Congress eliminated the federal tax deduction for state-level estate and inheritance tax payments.

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