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What do states do with surpluses during a time of
robust revenue growth? A recent National Conference of
State Legislatures’ (NCSL) survey found out:
- 23 states made deposits to their rainy day funds or
other reserve funds;
- 19 states specifically reduced taxes to address
excess revenues;
- 16 states targeted certain programs for extra
funding increases; and
- 16 states funneled surplus revenues into capital projects.
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ALTERNATIVES
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Alternatives is a publication of the Center for Policy Alternatives – a nonpartisan progressive public policy and leadership development center serving state legislators, state policy organizations, and state grassroots leaders. Alternatives is indexed in Urban Affairs Abstracts. ISSN #1070-3047
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