State Budgets: From Bad to Worse
As spending cuts prove inadequate, more states are raising taxes.
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"Everyone keeps talking about federal taxes but the taxes that keep going up inexorably are state and local taxes. I pay more to them than I do the feds and they keep going up every year." – Mark
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The Kiplinger Letter - Subscriber Area
CURRENT LETTER
State Deficits Shrinking, But Still Huge
With help from Washington winding down and tax revenues still languishing in the sluggish economy, state governments are struggling to raise more bucks, seeking out creative new taxes, raising current taxes or ending tax breaks. Most will also have no choice but to slash spending. (Login required)
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