Extending the State Fiscal Relief Provisions of the American Recovery and Reinvestment Act (ARRA)

(Released June 8, 2010) The “state fiscal relief” that was included in the American Recovery and Reinvestment Act (ARRA) played a major role in allowing New York and the other states to balance their 2009-10 with fewer budget cuts and fewer tax increases than would have been necessary otherwise. This “state fiscal relief” should be extended so that its phase-out dovetails more closely with the recovery of the 50 states’ economies and finances. Click here to download the...