Tag archive for taxes

State tax cutting very much a GOP thing

A new analysis by the American Legislative Exchange Council finds that 18 states cut taxes this year. Of that group, 16 are led by Republican governors.maps1

The tax most commonly cut, the study found, was the personal income levy, sliced by one-quarter of the states. North Carolina led the way with the boldest tax cuts in the form of sweeping reforms to their entire system which included installing a modified flat income tax, lowering the corporate tax rate, and broadening the sales tax…

What makes workers in some states so grumpy…

…and others so enthusiastic? Gallup recently released a poll ranking the satisfaction levels of workers in states across the country. Louisiana workers graded the highest, with 37 percent saying they were heavily engaged in their work, followed by Oklahoma, South Dakota and Georgia workers. Minnesota …

Westchester’s Ugly Pension Chart

Westchester is a relatively prosperous suburban county north of New York City. Like many municipalities in the Empire State, Westchester is feeling the pain of sharply rising pension obligations, as the chart below, from County Executive Rob Astorino’s recent budget presentation, makes clear. As the …

State taxes not bringing budget relief just yet…

The Rockefeller Institute reports that state tax collections increased by 5.2 percent in the fourth quarter of 2012, aided by one-time actions by investors who took capital gains at the end of the year to avoid having to pay higher federal tax rates in 2013. …

Sun may not set on Conn. tax increases

Earlier this year I wrote about states that were cutting taxes even as Washington raises them. I included among the tax cutters those states that were letting temporary tax increases imposed during the recession expire, like Oregon, where legislators declined to renew $133 million in taxes approved for just two years in 2009. But in Connecticut, where budget woes persist, Gov. Malloy is insisting that renewing temporary tax increases he signed into law in 2011 does not amount to a tax increase. Opponents beg to differ.

California teachers union: Light my fire

If you thought the California Federation of Teachers, an affiliate of the American Federation of Teachers which represents 120,000 education employees in the Golden State,would be satisfied with the $7 billion California tax increase passed last November, you haven’t paid much attention over the years …

Local governments humming a quieter tune

The BLS jobs report today included the news that government employment shrank again in December, down about 13,000 jobs due almost exclusively to cuts at the local level. You have to wonder how you square that with recent reports like this one in USA Today …

NJ cost sharing, part 2

Below I recount the movement to get Jersey’s many small towns and school districts to share services and cut jobs so that they can better restrain property tax increases in the state with the highest residential real estate taxes in the nation. While unions oppose the movement because they want to preserve government jobs, I would be remiss if I didn’t note that there is a more legitimate beef from some local officials, who point out that the real driver of property tax increases in the Garden State comes from Trenton in the form of the state’s activist supreme court and its education spending mandates.
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Falling down a fiscal hole

What’s being described as a fiscal cliff, the automatic expiration of a host of federal tax cuts, looks more like a deep fiscal hole for the taxpayers of some states. The Tax Foundation has estimated the average household impact of higher taxes in each state …

California’s fiscal future imperiled by tax progressivity

With California voters approving a ballot initiative last week to increase sales and income taxes, optimism that the state’s recurrent budget problems may begin to dissipate is in the air in Sacramento. But as Chris Megerian notes in the Los Angeles Times, the hope may …