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Fiscal Survey of States 2006


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Can you explain this? Thanks.

 

Proposed Fiscal 2007 Revenue Actions by Type of Revenue and Net Increase or Decrease* (Millions)

 

Maryland -13.3 Personal Income, -14.0 Other Taxes, -27.3 Total

Virginia 380.7 Sales, 250.1 Other Taxes, 147.4 Fees, 778.2 Total

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Guest human_*

The short answer is that the states for the most part are showing healthy budgets, but for the long term Medicaid will be cutting into the states budget, and it will show a decrease in state budgets there by facilitating tax increases over the long term.

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Can you explain this? Thanks.

 

Proposed Fiscal 2007 Revenue Actions by Type of Revenue and Net Increase or Decrease* (Millions)

 

Maryland -13.3 Personal Income, -14.0 Other Taxes, -27.3 Total

Virginia 380.7 Sales, 250.1 Other Taxes, 147.4 Fees, 778.2 Total

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