Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.
California is moving to pay down debt and boost reserves after an economic rebound left it with the biggest surplus in more than a decade. Hawaii may increase spending on education. Officials in Florida, New York, Minnesota and Wisconsin are considering tax cuts.
Seven years before Governor Mark Dayton failed to reach a budget deal with Republicans and Minnesota’s government shut, he closed his U.S. Senate office for almost a month after being warned of a terrorist threat.
Florida Governor Rick Scott shows how governors in at least nine states are approaching re- election campaigns next year by touting surpluses and pitching tax cuts, sometimes relying on one-time revenue to fund the breaks.
The formula to get taxpayers to pay for professional sports stadiums usually works this way: Promise construction jobs and downtown revitalization, and threaten to move the team if you don’t get what you want.