State & Local Tax Blog

It’s Beginning to Look Like Budget Deficits Galore

Here’s a spattering of recent headlines portending trouble ahead.

Washington’s two-year budget is about $34Billion. So the deficit is nearly 10% of the total budget. I guess that’s better than the $5 to $6Billion that they were projecting back at this time a year ago.
Should we let out all the prisoners or raise taxes? What kind of choice is that? I think they’ll just audit more people.
Pennsylvania is threatening to lay off a bunch of government workers. No one is in favor of layoffs, so get ready for more taxes in PA and more audits.

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