The Center on Budget and Policy Priorities has some tables showing the current and projected budget gaps for states that face budget deficits.
Interesting to me is the 9 states with no income tax have a combined projected budget gap of $15.2 billion. The three states (New Jersey, New York and California) with the highest tax burden as determined by the Tax Foundation also have the three highest projected budget gaps for 2010. California's projected deficit of $33.9 billion is more than double the combined gap of the states with no income tax. New Jersey and New York face more modest deficits of $7.0 billion and $17.9 billion, respectively, though that still places them 2nd and 3rd in size.
At what point do states stop to think if high taxes are really the solution to overspending?
Interesting to me is the 9 states with no income tax have a combined projected budget gap of $15.2 billion. The three states (New Jersey, New York and California) with the highest tax burden as determined by the Tax Foundation also have the three highest projected budget gaps for 2010. California's projected deficit of $33.9 billion is more than double the combined gap of the states with no income tax. New Jersey and New York face more modest deficits of $7.0 billion and $17.9 billion, respectively, though that still places them 2nd and 3rd in size.
At what point do states stop to think if high taxes are really the solution to overspending?
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