Fiscal Policy Report Card on America's Governors 2020 – Cato Institute

1 For governors elected in the fall of 2018, the data cover the period January 2019 to August 2020.

2 Paige Jones, “Paid Family Leave Dominates Gubernatorial Debate,” Tax Notes State, October 29, 2018.

3 Governor Chris Sununu, State of the State Speech, February 13, 2020. Sununu points to economic freedom in his speech, likely referring to the Cato’s Institute’s “Freedom in the 50 States” report, which has rated New Hampshire near the top in recent years.

4 National Association of State Budget Officers, “Fiscal Survey of States.” Spring 2020. These are fiscal years. The figure for 2020 is a NASBO estimate.

5 The exceptions are Alabama and Michigan (October to September), New York (April to March), and Texas (September to October). Most states have annual budgets; some states have biennial budgets with annual budget sessions; and just four states (Montana, Nevada, North Dakota, and Texas) have biennial budgets and biennial sessions. For these four states, the annual NASBO spending data used in this report may not reflect budget choices in a fully parallel manner to the other states.

6 National Conference of State Legislatures, “Coronavirus (COVID-19): Revised State Revenue Projections,” September 10, 2020.

7 Jared Walczak, “State Forecasts Indicate $121 Billion 2‐​Year Tax Revenue Losses Compared to FY 2019,” Tax Foundation, July 2020. See also Lucy Dadayan, “COVID-19 Pandemic Could Slash 2020–21 State Revenues by $200 Billion,” Tax Policy Center, July 1, 2020. See also Christos A. Makridis and Robert M. McNab, “The Fiscal Cost of COVID-19: Evidence from the States,” Mercatus Center at George Mason University, August 11, 2020.

8 National Association of State Budget Officers, “Fiscal Survey of States,” p. 54. These are fiscal years.

9 Campaign for Tobacco‐​Free Kids, “Cigarette Tax Increases by State per Year, 2000–2020,” July 1, 2020.

10 National Conference of State Legislatures, “Recent Legislative

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