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
More than five years after the Great Recession officially ended in June 2009, states’ financial conditions continue to improve. But most states have yet to return to prerecession performance on some key measures of fiscal health. Even after states overcome the effects of the downturn, additional challenges await them. Read More
States commit to future spending both when they borrow and when they fall short of funding the cost of retirement benefits for their public employees. As of fiscal year 2012, the largest of these long-term obligations was unfunded pension liabilities in 35 states, unfunded retiree health care costs in seven states, and public debt in eight states. Read More