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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The recent high-profile bankruptcy filings by Detroit and a handful of other local governments around the country have renewed state and local policymaker interest in strategies to prevent future financial crises as well as in the choices states face about whether to intervene to help distressed cities and counties. Read More
At the National Governors Association’s Summer Meeting this week in West Virginia, leaders from around the country will collaborate across party lines to develop best practices that improve state government. Important lessons can be learned from governors who enacted policies this year to strengthen their states’ long-term fiscal and economic health. These initiatives reflect a... Read More