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The recession's impact on the state budgets of New York and New Jersey

Deitz, Richard; Haughwout, Andrew F.; Steindel, Charles - In: Current Issues in Economics and Finance 16 (2010) Jun/Jul

In the wake of the most recent U.S. recession, both New York State and New Jersey have faced multibillion-dollar budget …--particularly from high-wage earners in the finance sector--has exacerbated revenue shortfalls. To close their budget gaps, New York and … steps to avert such budget quandaries by establishing "rainy day" funds or restructuring taxes to make them less sensitive …

Persistent link: https://www.econbiz.de/10008486541

Will new business tax dull Texas' competitive edge?

Saving, Jason L. - In: Southwest Economy (2008) Mar, pp. 3-6

In today's global economy, high corporate tax rates are more harmful than ever because it has become easier for mobile productive resources to cross borders in search of more favorable business climates. ; Nations seem quite aware of this. The European Union's corporate tax rates have fallen by...

Persistent link: https://www.econbiz.de/10005389844

Noteworthy: Population: Texas grows despite recessionary doldrums

Nicholson, Mike - In: Southwest Economy (2010) Q3, pp. 14-14

Texas' population grew robustly in the two years ended July 2009 despite the recession's impact on labor markets. The state added more people than any other--almost 1 million--and expanded at a faster pace than all but Utah and Wyoming.>

Persistent link: https://www.econbiz.de/10008739784

Texas twist: why did state's unemployment fall below nation's?

Kumar, Anil - In: Southwest Economy (2010) Q3, pp. 3-7

Symbolic of Texas' relative economic health during the recent recession, the unemployment rate has trailed U.S. joblessness by an average of 1 percentage point since January 2007. State policymakers may gain valuable insights by determining how this remarkable gap emerged. Is it due to changes...

Persistent link: https://www.econbiz.de/10008739786

Noteworthy: commercial real estate: recession takes toll, banks put at risk

Thies, Jackson - In: Southwest Economy (2009) Q4, pp. 15-15

Texas' commercial real estate market steadily worsened as recession took hold in 2009. Commercial real estate's woes don't bode well for banks already struggling with losses from residential loans. The number of distressed properties--those in foreclosure, in bankruptcy or restructured--is rising.

Persistent link: https://www.econbiz.de/10008628380

On the record: a conversation on the Texas recession: taking the economy's pulse at midyear

Phillips, Keith R.; Assanie, Laila; D'Ann Petersen; … - In: Southwest Economy (2009) Q3, pp. 8-9

With Texas facing hard times, four of the Dallas Fed's regional experts give an update on the state's economic performance in 2009, looking at the key areas of employment, manufacturing, housing and energy.

Persistent link: https://www.econbiz.de/10008628387

Noteworthy: household income: Texas posts gain in otherwise tough year

Kerr, Emily - In: Southwest Economy (2009) Q4, pp. 15-15

Texans' real median household income rose 1.3 percent in 2008, making the state one of only five with increases in the first calendar year of the U.S. recession. During better times, 33 states posted income gains in 2007 and only Michigan suffered a decline.

Persistent link: https://www.econbiz.de/10008628393

Noteworthy: Texas high tech: feeling the bite of the U.S. recession

Nicholson, Mike - In: Southwest Economy (2008) Nov, pp. 14-14

Persistent link: https://www.econbiz.de/10005717511

Texas economy shakes off rough ride in 2009

Assanie, Laila; Orrenius, Pia - In: Southwest Economy (2010) Q1, pp. 3-7

While conditions remain weak, it appears that the Texas economy is on a steadier course after a rough ride last year. Recent economic data and anecdotal evidence suggest the worst of the state's economic woes may be over. Activity is growing in several sectors. The state maintains its...

Persistent link: https://www.econbiz.de/10008616951

President's perspective

Fisher, Richard W. - In: Southwest Economy (2010) Q4, pp. 2-2

Our political leaders must summon the courage to pull up their socks and deal with our fiscal predicament in a way that corrects for the mismatch between future income streams and liabilities.

Persistent link: https://www.econbiz.de/10008764373

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