States are managing through a slow and uneven economic recovery and many have not yet returned to pre-recession revenue levels. Rising health care, education, and infrastructure costs are placing pressures on annual budgets. The ways in which policymakers confront these challenges will affect states and the nation for years to come. Pew's work on states' fiscal health provides data, analysis, and guidance to help states navigate their fiscal challenges and identify and understand potential policy approaches. We examine key trends in state economies and budgets, and research and advance promising approaches to managing volatile state finances in an era of heightened uncertainty.
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States’ fiscal conditions have improved since the Great Recession ended six years ago, but their recoveries are incomplete. More than 20 states still collect less tax revenue than at their recession-era peaks, after adjusting for inflation, and most have yet to rebuild their financial cushions to pre-recession levels. In addition, 23 states’ employment rates trail 2007 levels. Despite... Read More
In a sign that the U.S. economic recovery is widespread, personal income in all states is back above levels seen at the Great Recession’s onset. But growth has varied among states, ranging from a constant annual rate of less than 1 percent in Nevada to more than 5 percent in North Dakota. Read More
Explore Fiscal 50 Interactive
Sort and chart data about key fiscal and economic trends in the 50 states, and read Pew's insights.