The fall in state tax revenue during the current recession and the one in 2001 highlights an increase in the variability of this source of revenue that has been observed over the past two decades or so. But states have sources of revenue other than taxes. However, while providing a relatively...

Residential property taxes are both a major source of local government financing and a significant cost of owning a home. Tax limitation measures and relatively moderate gains in house prices during most of the 1990s tended to keep property taxes from rising rapidly in those years. But from the...

In "The Changing Faces of the Third District: A Snapshot of the Region from the 2000 Census," Ted Crone describes some of these patterns and tells us what they mean for economic growth in this region.

How much economic activity does travel generate? How many jobs does the travel industry create? And how do the Third District states—Pennsylvania, New Jersey, and Delaware—stack up in terms of travel-related spending? Tim Schiller takes a look at these questions and discusses the importance...