'I'll be yours for the weekend,' Taylor Swift sang. But what happens after the weekend, when her tour moves--do cities see sustained economic benefits? https://t.co/k6OYRgQZM5
Almost half of state government revenue stems from taxes—with two-thirds of that coming from levies on personal income and sales.
See your state's data in our updated interactive graphic:
https://t.co/GxUN92D9NP
States have trusted our Fiscal 50 platform to shed light on key issues for more than a decade.
With updated data, a cleaner look, and personalized insights, Fiscal 50 is now better than ever.
Here are 3 examples of what you can learn about your state.👇 https://t.co/GTNQEeZpvY
Lawmakers in the Mountain West seek to provide permanent tax relief without harming local revenue, writes @riley_judd at @pewtrusts
Learn more at the link below ⬇️
https://t.co/xhe4N8kPSQ
States and localities are increasingly shouldering the cost of more severe, frequent, and expensive natural disasters.
One big reason why: A widespread insurance squeeze where there's less coverage but higher rates.
https://t.co/WFb8FADgva #EMGtwitter
The AI policy push may very well grow this year as the tech continues to evolve and research shows how it poses potential benefits and risks for states.
Top of mind: Cybersecurity threats—such as an AI chatbot spreading disinformation on a state website.
https://t.co/vqHMkF9EuS
Savings breakdown: At $160.1 billion, states could run on rainy day funds alone for a median of 46 days, still stronger than pre-pandemic levels. Wyoming leads with 306.6 days; Washington trails with just over a week's worth. 6/
Congress must agree on a budget by Nov. 17, or the U.S. faces a federal shutdown.
What could that mean for states?
💵 Nutrition, welfare program cuts
📉 Economic toll in areas with more military, federal workers
✍️ @LizFarmerTweets and @justin_theal https://t.co/zdMmMrtQBE
States have made real progress in tackling their spiraling unfunded pension promises over the past decade.
Without doing more, however, they risk:
• Pushing pension debt onto future generations
• Crowding out public services
https://t.co/Tz9wSlcTNF
“Anytime that people see a decrease in the amount of money in their pockets, there are potential ripple effects for state budgets because those changes are then reflected in an individual’s spending patterns," our @melissamaynard tells @CallaghanPeter. https://t.co/l3MgWYtI8G
A study by Pew Charitable Trusts warns that government revenues could feel the effect of payments on $1.6 trillion in federal student loan debt shifting from the regular economy to loan processors.
📝 @CallaghanPeter
https://t.co/y4U4S7EQQf
“Anytime that people see a decrease in the amount of money in their pockets, there are potential ripple effects for state budgets because those changes are then reflected in an individual’s spending patterns,” said Melissa Maynard, the editor of the project report.
Payments resume for approximately 43 million Americans with student loans after a pause lasting 3+ years.
That's 43 million people who'll have less money to put back into the economy—potentially leading to a tax revenue hit for their state. https://t.co/tczHi6LGHv
“In what has generally been a strong budget climate, many states have taken steps to address these longstanding challenges through pay raises, hiring bonuses and other strategies,” our @melissamaynard tells @PDavidsonusat. https://t.co/mGPgVE99Q6
Rainy-day funds serve as a state’s first line of defense against unexpected budget gaps, but those savings aren’t always enough. My colleagues share more about this fiscal management tool and ways states can prepare for the next recession. https://t.co/Eb9NR69hRx
Building on record gains last year, most states anticipate continued rainy day fund growth by the end of the current budget year but at a slower clip amid mounting fiscal and economic threats.
Insights from @PewStates: https://t.co/dFMJI3qL2b
Elevated inflation is driving up spending and disrupting revenue trends, raising the risk of state fiscal stress.
New from @PewStates: https://t.co/JOgYNcVCRx 1/