Kiplinger’s Economic Outlook for All 50 States, 2020

Low jobless rates and rising incomes are helping to fatten state coffers across the U.S.

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Low jobless rates and rising incomes are helping to fatten state coffers across the U.S. Revenue from sales, personal and corporate taxes is on the rise --the best growth since before the Great Recession.

States can expect healthy tax revenues for at least the next several quarters as low unemployment continues, incomes slowly rise, inflation increases modestly and higher energy prices generate more income for states with severance taxes.

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