Strong State Revenues Prompting Tax Cut, Spending Plans, S&P Says

Vadum, Matthew
March 2006
Bond Buyer;3/21/2006, Vol. 355 Issue 32343, p6
Trade Publication
The article reports on the statement announced by Standard & Poor’s Corp. which states the necessity of lawmakers to cut taxes and unveil new spending proposals for the year due to strong state revenues. The director of the agency Robin Prunty said that trend of increased state revenue has resulted in a level of financial flexibility not seen in the sector over the previous years. He also added that the revenue growth has also led to new funding initiatives.


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