(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.

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