{"id":4748,"date":"2023-11-12T02:19:17","date_gmt":"2023-11-12T00:19:17","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4748"},"modified":"2023-11-12T02:19:17","modified_gmt":"2023-11-12T00:19:17","slug":"us-states-falling-revenues-could-force-tax-increases-expert-warns","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4748","title":{"rendered":"US states&#8217; falling revenues could force tax increases, expert warns"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">US states&#8217; tax revenues are declining, leaving them facing tough budget decisions in the coming years.<\/p>\n<p>Total state tax revenues in September fell 5.6% year-on-year for the 14th consecutive month on an inflation-adjusted basis, according to a new analysis by the Washington-based Urban Institute.<\/p>\n<p>Of the 46 states that provided information, 34 reported year-over-year revenue declines.<\/p>\n<p>Lower economic growth, tax cuts and a weak stock market are contributing significantly to the drop in income.<\/p>\n<p>\u201cThey\u2019ll have to come up with new revenue sources, increase the tax rates, reverse the prior tax cuts, or cut spending on different areas,\u201d<\/p>\n<p>said Lucy Dadayan, principal research associate at the Urban Institute.<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US states&#8217; tax revenues are declining, leaving them facing tough budget decisions in the coming years. Total state tax revenues in September fell 5.6% year-on-year for the 14th consecutive month on an inflation-adjusted basis, according to a new analysis by the Washington-based Urban Institute. Of the 46 states that provided information, 34 reported year-over-year revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4748"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4749"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}