Though most states began the year with budget surpluses, the demands of an evolving economy and the fears of a possible recession kept revenue issues at the forefront of states’ legislative agendas in 2019. As those sessions come to a close, the following questions are raised: How did states change their tax and budget policies? How much revenue can states expect to generate with new taxes on sports betting and marijuana? Did state efforts to achieve broad tax reform work? And how are states continuing to respond to the Tax Cuts and Jobs Act’s cap on the state and local tax deduction?
To explore these and other issues, the Urban Institute’s State and Local Finance Initiative and the Urban-Brookings Tax Policy Center will host a panel exploring past and future state fiscal actions.
- Joseph Bishop-Henchman, Executive Vice President, Tax Foundation
- John Hicks, Executive Director, National Association of State Budget Officers
- Nick Johnson, Senior Vice President for State Fiscal Policy, Center on Budget and Policy Priorities
- Kim Rueben, Sol Price Fellow, Urban-Brookings Tax Policy Center; Director, State and Local Finance Initiative, Urban Institute
- Howard Gleckman, Senior Fellow, Urban-Brookings Tax Policy Center (moderator)