What do end-of-year revenue numbers really tell us?
We ended up with more revenue than we spent this fiscal year, but don’t let the surplus fool you. No one should be proud of the surplus at the end of this fiscal year, because it was on the...
Part 1 of 4: Why Personal Income Tax Cuts are Bad News
States should think twice before enacting big personal income tax cuts. Despite the claims of tax-cut proponents, low tax rates aren’t associated with economic prosperity, and are more likely to lead to budget problems. Most major studies over the...