State Budgets

Across the States: Market Volatility and State Solutions

Learn more about how state policymakers can best position their states to weather these challenging times of economic uncertainly. As many states look to re-evaluate their budgets to factor in recent market trends, the ALEC State Budget Reform Toolkit is a great resource. The toolkit outlines 23 proven policy solutions for states to improve their budget process, while avoiding economically damaging tax increases. Retaining our national and state economic competitiveness during this period will be critical. This will ensure we exit this painful time with the best outlook for recovery and growth.

Since recording the podcast and video the Trump Administration delayed the federal tax payment deadline by 90 days. After speaking with numerous state lawmakers, members of Congress and governors’ offices in recent days, it is very likely states will soon consider following suit. It is clear this shift will help businesses and families manage cash flow during these trying times. While this is an important start, considering extending the deadline further into the year and also applying the grace period to the tax filing deadline would be a helpful next step.

This is just one of the promising policy ideas that will help us recover from our current situation. The entire ALEC policy department  is busy preparing the best ideas to bring to the debate.

Download, stream or listen to the Across the States podcast for free market solutions for a bright future. Listen to this discussion and many more, by subscribing to the Across the States podcast.

See the right hand column of this page for related publications and model policies.

In Depth: State Budgets

Smart budgeting is vital to a state’s financial health. The ALEC State Budget Reform Toolkit offers more than 20 policy ideas for addressing today’s shortfalls in a forthright manner, without resorting to budget gimmicks or damaging tax increases. One way to stabilize budgets over time is to embrace…

+ State Budgets In Depth