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+--- Thread: Congrats Governor Josh Green on winning 7th place for fiscal policy (/showthread.php?tid=23459)
Congrats Governor Josh Green on winning 7th place for fiscal policy - Punatang - 11-03-2024
In a report from the CATO institute ( https://en.wikipedia.org/wiki/Cato_Institute ) our very own beloved Gov Josh has earned the distinction of a "B" grade and 7th place out of all 50 state governors. First (1st) place went to Iowa's Kim Reynolds. Last place (50th) went to Minnesota's Tim Waltz.
"Governors play a key role in state fiscal policy. They propose budgets, recommend tax changes, and sign or veto tax and spending bills. When the economy is growing, governors can use rising revenues to expand programs or they can return extra revenues to the public through tax cuts. When the economy slows and budgets go into deficit, governors can respond by raising taxes or trimming spending.
This report grades governors on their fiscal policies from a limited-government perspective. Governors receiving an A are those who have cut taxes and spending the most, whereas governors receiving an F have increased taxes and spending the most. The grading mechanism is based on seven variables: two spending variables, one revenue variable, and four tax-rate variables. Cato’s state fiscal report has used the same methodology since 2008.
The results are data driven. They account for tax and spending actions that affect short-term budgets in the states. However, they do not account for longer-term or structural changes that governors may make, such as reforms to state pension plans. Thus, the results provide one measure of how fiscally conservative each governor is, but they do not reflect all the fiscal actions that governors take."
https://www.cato.org/white-paper/fiscal-policy-report-card-americas-governors-2024#introduction