Vice President for State Fiscal Policy
States can take five main steps to build future economic opportunity — strategies that California, Minnesota, and Massachusetts are already pursuing to good results, I write in Bloomberg BNA’s Weekly State Tax Report.
As we laid out in our recent Fiscal Policy Agenda for Stronger State Economies report, the five steps are:
As I note in my Bloomberg piece, California and Minnesota have pursued a number of these policy strategies to build their economies.
The results? Both states have improved their education systems — boosting their future prospects — while maintaining strong economic growth.
Minnesota continues to enjoy strong state finances, California voters will likely vote in November on extending the temporary personal income tax increases they approved four years ago, and another state — Massachusetts — will ask voters to decide the fate of a new measure to raise income taxes to pay for needed investments in transportation and education.
Read the full article here.