PatsFanInVa

NYT: States face tough choices even as downturn ends - US news - The New York Times - msnbc.com

Interesting reading. Oddly enough, Maryland actually has a "pristine" credit rating and intends to keep it, is raising taxes, and is raising taxes to not cut services. Kansas wants to cut its way to prosperity. I wonder if they'll keep lobbying for their ag subsidies so blue states can just keep paying for them to have lower taxes

Oh and let's not neglect...

Can't wait for the catechism-readers to weigh in....

PFnV

Triumph

Great comparison.

Maryland has some of the wealthiest counties in the nation. Kansas is mostly wheat and soybeans. Kansas is trying to attract business in this lousy Obama economy with tax breaks. And, if you saw all the vacant commercial property collecting dust here in Kansas you would see why that is.

Several Republican-led states see holding the line on taxes, or cutting them, as paramount. Ohio, which sharply cut aid to local governments and education during the downturn, announced this week that it had ended the year with a $235 million surplus. It was deposited in the state’s rainy-day fund, and Gov. John R. Kasich, a Republican, warned that the money should not be used to restore spending cuts.


Some Democratic-led states are increasing taxes, saying that it is more important to try to restore the services that were cut — and some of the 657,000 state and local government jobs lost — during the downturn. In California, where temporary tax increases imposed during the recession were allowed to phase out before the state was back on solid fiscal footing, Gov.JerryBrown is warning that the state will need to cut another $6 billion, largely from education, if voters fail to approve a tax increase he is seeking.

Thanks for the link!

Patters

Between a recovering national economy and tax cuts to towns and cities, Kasich has managed to build up the rainy day fund. For those who believe saving money is more important than education and safety, Kasich is a hero.

What is interesting is that we are seeing different experiments going on around the country, with different models producing different results. As one study notes, "the states with high income tax rates had outperformed those with no income tax over the past decade when it came to economic growth per capita and median family income."

Asa the article notes, it will be interesting to see how Maryland and Kansas, which are adapting two very different approaches, fare in the coming years.

patsfan13

Maryland benefits from the splurge of spending in DC by the current administration.

Perhaps a better comparison would be larger states with bigger economic bases and more economic diversity.

Texas is the best state for business and California the worst (they used to be the best).

News Headlines


Or we could look at 2 states in the midwest, Wisconsin and Illinois.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Mrs.PatsFanInVa

Link, please.

Real World

What's funny is my wifes friends are moving out of Maryland, and to Virginia, because they say the taxes are too high there. They are average income earners for the most part. I'd guess they make a combined $100k or so. I'm guessing, but the point is, they aren't rich.

As for the comparison, to Triumphs point, it's hard to compare a state like Maryland that benefits not only from being on the east coast, near large, densely populated cities like Baltimore, NY, Boston, and Philly, but also sees the splendors of being right by DC. They are two states with entirely different situations.


Anyone see that a 3rd city in Kalifornia is opting for Bankruptcy? Hope the billions being spent on that high speed rail is worth it.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

patsfan13

If you are interested google real estate prices around DC the past few years compared to the rest of the country. You can fetch your own rocks if interested.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Mrs.PatsFanInVa

I don't need to google, I live here, 13. Our condo, along with every other condo in our building and in our area is almost 2/3 under water. The homeless population has increased, the wage freeze on federal employees has been in effect for more than 2 years and isn't going to be lifted any time soon, federal employees health insurance costs have gone up. Lockheed Martin is laying off, contractors are laying off, the government, itself, is letting alot of jobs go by way of attrition.

We may be suffering less than some other places, but your statement that we are benefiting from a "splurge of spending," is just plain hyperbole - like so many of your statements tend to be.

IllegalContact

talk about a ridiculously silly set of data....thought you knew better PFnV

Sales Tax Rates in Major U.S. Cities | Tax Foundation

Taxes by State

how about starting with the fact that Kansas tax rates are pretty much higher across the board....I believe the only exception is the cigarette tax.

__________________
“ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.

khayos

This is a couple of years old but lookey at who's #2

Which states get the most federal money? - CSMonitor.com

surprise, surprise, Obama eliminated the report

https://harvester.census.gov/cffr/