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Home » State tax cutting trend faces headwinds from declining revenues and tighter budgets

State tax cutting trend faces headwinds from declining revenues and tighter budgets

    Income, sales, property and gas taxes: Almost every U.S. state cut at least one such broad-based tax as budget surpluses soared over the past three years. One way or another, whether red or blue, all states save Alaska and Nevada joined in. "Next year will likely be a return to normal for state budgets," said Brian Sigritz, director of state fiscal studies for the National Association of State Budget Officers.

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