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
Nationally, total state tax revenue recovered two years ago from its plunge in the Great Recession, but the state-by-state picture is far more mixed. Adjusted for inflation, tax receipts in 27 states had not fully rebounded by the first quarter of 2015. Read More
States have made halting progress in rebuilding their financial cushions since the Great Recession. Overall, states had enough money in general fund budget reserves in fiscal year 2007—just before the economic downturn—to run government operations for a median of 41.3 days. That compares with 25.9 days in fiscal 2014 and early estimates of 20.5 days in fiscal 2015. Read More