The Pew Charitable Trusts illuminates states’ fiscal challenges through research, including comprehensive 50-state assessments. In these assessments, we rate the states on their performance, highlighting effective approaches and creating pressure for reform. Our team uses its expertise to examine key trends in state finances—including revenues, expenditures, and borrowing. We also track and compare state budget policies, including budget stabilization funds and forecasting practices. Our goal is to provide data, analysis, and guidance to help state policymakers manage economic and revenue volatility, improve transparency, and increase fiscal health over the long term.
Research & AnalysisView All
Forty-eight states have a budget stabilization fund, commonly known as a rainy day fund, to set aside money in good times so that it’s available in the bad. Despite the widespread use of these funds, the policies that guide deposits, withdrawals, and a fund’s size vary greatly. Since 2014, Pew has released three reports—“Building State Rainy Day Funds” (2014),... Read More
The share of states’ own money spent on Medicaid health care coverage for low-income Americans fell slightly in the second year of the program’s expansion under the Affordable Care Act (ACA), even as enrollment grew. Still, a post-recession spike in states’ costs persisted. In fiscal year 2015, Medicaid consumed 16.7 cents of each state-generated dollar—4.5 cents more... 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.