State Budgets
Budget shortfalls, city defaults & bankruptcies, potential state bankruptcies means the budgets of individual states will impact the economies of the other states and the federal budget/deficit.

High-Tax State Exodus

12/29/18
from The Wall Street Journal,
12/29/18:

Growth-friendly states gain population, and it isn’t just the weather.

U.S. population growth fell to an 80-year low last year amid declining birth rates, a new Census report shows. But it’s also telling that some states are booming while others are suffering a European-style sclerosis of population loss and slow economic growth. One side effect of a strengthening national economy has been a widening disparity in state growth rates. The eight fastest-growing states by population last year were located in the West or South (Nevada, Idaho, Utah, Arizona, Florida, Washington, Colorado and Texas). And what do you know? These states have also experienced rapid employment and GDP growth spurred by low tax rates and policies generally friendly to business and job creation. Nevada, Arizona, Texas, Washington, Utah, Florida and Colorado ranked among the eight states with the fastest job growth this past year, according to the Bureau of Labor Statistics. Nevada, Texas, Washington and Florida have no income tax.

More From The Wall Street Journal (subscription required):



365 Days Page
Comment ( 0 )
Leave a Reply
Name*
E-mail*
Comment