personal income taxes
Coverage of personal income taxes in the Nexus archive.
- States face more budget pressures amid rising costs, slow growth
A survey by the National Association of State Budget Officers found that states face ongoing budget pressures due to rising costs and slow economic growth. Most governors proposed flat spending for fiscal year 2027, with nearly half implementing spending cuts like eliminating vacant positions, hiring freezes, and reduced employee benefits. States also plan to adjust rainy day funds amid mixed tax revenue results.
- States face more budget pressures amid rising costs, slow growth
A survey by the National Association of State Budget Officers reveals states face budget pressures due to rising costs and slow growth, with many implementing spending cuts like eliminating vacant positions and freezing hiring. Most governors proposed flat spending for fiscal year 2027, while 25 states plan to increase rainy day funds amid mixed tax revenue results.