I recently appeared on C-SPAN’s Washington Journal to discuss the economic situation facing the states and how individual states are dealing with budgets and related tax issues. Click here to watch the video. Below is each state’s situation in more detail; these blog posts have been going up over the past two weeks and here they are all together. Stay tuned for more analysis and reporting on state budget and tax trends. Alabama Governor Announces Education Proration and Budget Reductions Alaska Modestly Cuts Spending; Budget Assumes Oil Price Rebound Arizona Considering Spending Cuts Arkansas Forecasts Surpluses California’s Perpetual Budget Crisis Continues Colorado Continues Questionable Credits and Subsidies Despite Shortfall and Across-the-Board Cuts Connecticut Considering Options for Large Shortfall Delaware Hurt By Falling Corporate Tax Revenue; Shifts Funds From Future Florida Borrowing and Hitting Smokers and Gamblers After Mortgage Stamp Taxes Fall Georgia Orders Spending Cuts, Considers Borrowing Hawaii Reduces Spending and Considers Curtailing Credits Idaho Cuts Spending, Preserves Rainy Day Fund Illinois Budget in Crisis as Governor Clings to Office Indiana Imposes Modest Cuts to Balance Budget Iowa Cancels Some Spending to Address Shortfall Kansas Imposes Cuts, Studies Agency Consolidation Kentucky Governor Urges Cigarette Tax Increase Louisiana Governor Stands By Tax Cuts and Tax Credits; Holds Off Using Rainy Day Fund Maine Awaits Proposals to Address Looming Shortfall Maryland Tax Increases Can’t Keep Up With Spending Increases Massachusetts Eliminates Programs; Governor Open to Gas Tax Rise Michigan Shutters Prison But Continues Credits and Subsidies to Favored Businesses Minnesota Cuts to Balance Current Budget; Seeks Input for Next Budget Mississippi Considering Hiring Freeze and Cigarette Tax Increase in New Budget Missouri Uses Some of Past Surplus But Not Enough to Close Shortfall Montana Cuts Spending as Budget Surplus Dwindles Nebraska Budget in Balance with Large Rainy Day Fund Nevada Closes Immediate Gap but May Face Tax Increases Soon New Hampshire Facing Tax Increase Pressure for Modest Shortfall New Jersey Governor Cuts Some Spending But Hints Tax Increases are Likely New York Plans to Raise Taxes and Fees North Carolina Ponders Options North Dakota Debates How to Spend Growing Surplus Ohio Governor Expands Tax Incentives, Threatens “Washington Monument” to Get Federal Aid Oklahoma Emphasizes Spending Cuts Oregon Governor Recommends Tax and Spending Increases Pennsylvania Reduces Some Spending Growth But Banks on Federal Bailout Rhode Island Determined to Keep Spending While Studying Reforms South Carolina Cuts Spending, Considers Tax Reform Plan South Dakota Draws Down Reserves, Cuts Spending Increase Tennessee Cuts Non-Education Spending, Hopes for Future Federal Bailout Texas Faces Calls to Spend Surplus Utah Cuts Spending, Hopes for Stimulus Money Vermont Makes Cuts, Considers Income and Gas Tax Increase Virginia Makes Modest Cuts, Proposes Cigarette Tax Hike Washington Governor Goes for the “Washington Monument” Ploy West Virginia Hikes Spending as Surpluses Continue Wisconsin Governor Boosts Spending, Hopes for Federal Bailout Wyoming Pushing to Spend Continuing Surplus
