Nearly one-third of the $1.97 trillion collected by state governments in fiscal year 2017 came from the federal government, the second-largest source of states’ revenue, according to an updated fiscal analysis of all 50 states by The Pew Charitable Trusts.
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A tax policy analyst said Illinois lawmakers might want to reevaluate state and local taxes after a federal judge tossed a suit filed by other high-tax states over a federal cap on state and local tax deductions.
State government rainy day funds are at their highest levels since before the Great Recession, according to analyses by the National Association of State Budget Officers (NASBO) and The Pew Charitable Trusts.
Taxes are something we all love to hear being lowered. A state wide grocery sales tax decrease discussions happen in Indianola.