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The Fiscal Link April 2013

The Fiscal Link | April 2013

Your On-Line Connection to the Latest Fiscal Information in the States

NCSL & National Association of Legislative Fiscal Offices (NALFO) Updates

  • State Budget Update: Spring 2013. The latest survey of legislative fiscal officers finds stable fiscal conditions across the states. This reflects the slow but steady recovery that most states are experiencing almost four years after the Great Recession ended. 
  • State Tax Actions 2012. Only six states reported sizeable net tax changes in 2012, making it a relatively quiet year for state taxes. This report includes tax actions taken during regular and special legislative sessions in 2012, as well as actions approved by voters, mostly affecting FY 2013 tax collections.
  • Overview of the President’s FY 2014 Budget. Highlights features of the President’s budget proposal and what it means for states.
  • Summary of Chairman Paul Ryan’s FY 2014 Budget Resolution. Highlights features of Chairman Ryan’s FY 2014 Budget Resolution and what it means for states.
  • NALFO is inviting nominations for the NCSL annual Legislative Staff Achievement Awards.  Each NCSL staff section may give up to two awards to recognize outstanding legislative staff.  These nominations can be for individuals, project teams or entire offices.  The awards will be presented at the 2013 NCSL Legislative Summit in Atlanta, Georgia. Please contact Todd Haggerty for more information.
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State News & Reports

  • Arizona. The Joint Legislative Budget Committee updated a series of graphs tracking Arizona’s economic recovery from the Great Recession.
  • Florida. The Office of Economic and Demographic Research released a PowerPoint presentation highlighting Florida’s economic situation, and comparing it to other states.
  • Louisiana. The Legislative Fiscal Office issued the last edition of their interim “Focus on the Fisc” newsletter before the start of Louisiana’s legislative session. It provides an update on the administration’s tax proposal, among other topics.
  • New York. The Assembly Ways and Means Committee published the “New York State Economic Report,” which examines the economic health of the United States and New York economy over the short and long-term.

Federal News & Reports

  • The Government Accountability Office’s fiscal outlook for state and local governments reports that this sector faces near-term and long-term fiscal challenges as the gap between revenues and spending continues to grow over time.
  • The Government Accountability Office also has issued its third annual report identifying areas of cost savings and revenue enhancements in federal programs, agencies, offices and initiatives.
  • The Federal Reserve Bank of San Francisco’s “Economic Letter” compared California’s economic growth and job growth to growth in other states.
  • The Congressional Budget Office published a “Review of CBO’s Activities in 2012 Under the Unfunded Mandates Reform Act,” which examines mandates the federal government has imposed on state, local and tribal governments.

Other Items of Interest

  • The Nelson A. Rockefeller Institute of Government issued a report examining states’ surging tax revenue in April, and the uncertainty this brings to state revenues.
  • The National Association of State Budget Officers (NASBO) released a report examining higher education financing in the states, and ways it can be improved.
  • The Council on State Taxation (COST) produced a study on the effects of expanding the sales and use tax base in states to include more business-to-business transactions.
  • The Brookings Institution published a report examining evidence-based policymaking at the federal, state and local levels, and ways to expand its use to solve social problems.
  • The Vera Institute of Justice released a guide for analysts to calculate marginal costs in justice systems.

Additional Resources

If you would like to be added to the distribution list for The Fiscal Link, or know a legislator or legislative staff person who should be added, just ask Erica Michel or Todd Haggerty.

 

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NOTE: Links to external websites and reports are for information purposes only and do not indicate NCSL’s endorsement of the content on those sites.

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