While politicians in Washington make painfully slow progress toward resolving their battle over the size of government, state legislatures have apparently committed themselves to making do with less. The past year - for the first time in a decade - the total value of state tax cuts exceeded the value of state tax increases.
Suggested citation: “Regional Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-02, pp. 14-15, 02.01.1996.