When states manage their finances effectively, they are more likely to have money to invest in priorities such as schools, health care, and infrastructure. When they don’t, they may be forced to cut spending and raise taxes to pay off long-standing expenses and provide basic services to citizens.
To help states manage uncertainty, adapt quickly when crises arise, and ensure that their budgets are balanced over the long term, The Pew Charitable Trusts provides data, analysis, and guidance to policymakers on a range of fiscal and economic issues. We also aid states as they design, evaluate, and improve business tax incentives and other economic development programs to ensure that these programs are cost-effective, helping businesses grow and workers thrive. Through research and advocacy, we help states identify potential policy approaches and make informed choices about what works best for their communities.
Our research—including 50-state assessments—examines key trends in state finances and evaluates states on their performance, underscoring effective approaches and creating an environment for potential reform.
We collaborate with policy leaders in states in a variety of ways:
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Research: We conduct comprehensive and policy-relevant research. Our findings give states evidence-based options to address their unique fiscal challenges.
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Information sharing: We serve as a resource to policymakers making research-driven decisions to improve fiscal outcomes in their states. We lead webinars, events, and meetings, and provide communications assistance to encourage state, regional, and national conversations on budget policies and practices.
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Technical assistance and policy advocacy: We provide strategic technical assistance to states seeking to improve their budget practices. Our capabilities encompass policy design, including state comparative analysis; drafting or advising on legislation; offering testimony; and supplying other assistance, as requested.
Through these strategies, our goal is to help policymakers manage economic and revenue volatility, enhance transparency, and improve their states’ fiscal health over the long term.
Proven Practices Can Help States Better Manage Their Budgets
Tax Limits Can Erode Local Fiscal Resiliency
Local Tax Limitations Can Hamper Fiscal Stability
Incentive Evaluations Limit Fiscal Doubt and Improve Effectiveness
