Revenues for Most US States are Strong, But Risks Remain
Posted on June 14, 2011 at 13:15 PM EDT
Despite the doomsayers, recent revenue results for US states have been strong, particularly for states that benefit from income taxes on high earners, according to Fitch Ratings. But although this represents a welcome change of pace for states, there is the risk that extra revenues will provide the temptation to reverse [...]