March 2006 Budget & Tax News

Issue Date: 
March, 2006
Newspaper PDF: 

The March 2006 issue of Budget & Tax News features extensive coverage of public-sector pension issues. While Adam Summers of Reason Foundation warns the crisis is worsening, Keith Brainard of the National Association of State Retirement Administrators says the situation is not dire.

On page 1:

  • saying "state government should not reap a financial windfall" simply because natural gas and liquid propane prices are currently high, Georgia Gov. Sonny Perdue issued an executive order temporarily cutting the state sales tax on those commodities. The state legislature approved;
  • New York Gov. George Pataki proposed a 2006-07 budget with cuts in personal and corporate income tax rates; and
  • the oil industry's record 2005 profits have made it the target of what analysts say would be a wrong-headed "windfall" profits tax.



Also in this issue: TABOR, highway privatization in Atlanta, eminent domain, tax increment finance, tort reform, and more.

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