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State revenues did not take as much of a hit as was once feared, but state lawmakers still face the difficult task of balancing responses to reduced revenues with efforts to help facilitate the economic recovery. In this final course, we will review revenue data, survey state responses to the Great Recession and prior economic downturns, explore the state tax implications of federal relief packages, and outline states’ options.
Drawing upon earlier lessons, we will close out the legislative boot camp with a discussion of tax policy choices, on issues ranging from UI tax adjustments to tax conformity measures to the advantages and disadvantages of different revenue-raising options.
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