Center on Budget: State Budget and Tax

State-by-State Fact Sheets: Higher Education Cuts Jeopardize Students' and States' Economic Future

Wednesday, March 4, 2015
Public colleges and universities have experienced major cuts in state funding since the Great Recession hit — something state lawmakers should consider as they grapple with difficult budget decisions in coming months. These fact sheets show that, in almost every state, funding cuts have led to tuition hikes and cuts in campus staff and programs that may reduce the quality of education for students. …

Comments of the Center on Budget and Policy Priorities Regarding the Proposed Statement of the Governmental Accounting Standards Board on Tax Abatement Disclosures, Project No. 19-20E

Thursday, January 29, 2015
Disclosure of government spending through sound financial reporting is essential to a well-functioning democracy. The public needs to know how resources are being spent, what legal obligations the government is incurring and for what purposes, and how today’s decisions will constrain future budgets. To the extent possible, such disclosure should apply not only to direct expenditures but also to “tax expenditures” – spending that occurs through tax abatements or other …

Policy Basics: State and Local Borrowing

Thursday, January 15, 2015
State and local investments in schools, roads, hospitals, and other infrastructure provide the foundation for a vibrant economy and high quality of life. Borrowing — by issuing bonds — is a tried-and-true way to finance the cost of building and maintaining this infrastructure. Projects financed with bonds can give a state’s economy both a short- and long-term boost. There are sound reasons that states and localities borrow to pay for infrastructure, rather than …

Changing Priorities: State Criminal Justice Reforms and Investments in Education

Tuesday, October 28, 2014
Most states’ prison populations are at historic highs after decades of extraordinary growth; in 36 states, the prison population has more than tripled as a share of the state population since 1978. This rapid growth, which continued even after crime rates fell substantially in the 1990s, has been costly. Corrections spending is now the third-largest category of spending in most states, behind education and health care. If states were still spending on corrections …

State “Income Migration” Claims Are Deeply Flawed

Monday, October 20, 2014
Some proponents of state income tax cuts are making highly inaccurate claims about the impact of interstate migration patterns on states with relatively high income taxes based on a misleading reading of Internal Revenue Service data. Those making these arguments claim that many of the people who leave states with relatively robust income taxes do so largely in order to pay little or no income tax in another state, and that they take their incomes with them when they move, harming the …

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