Despite some mixed reports earlier in the year, and the sometimes conflicting assessments of those who track statistics and trends, the end of year forecast for the coming year—across the nation—is relatively bright.
According to Kiplinger's economic outlook, states face challenges on several fronts, but U.S. revenue is on the rise—both from sales of goods and personal and corporate taxes—marking serious and robust growth not experienced since before the Great Recession. That's good news, but the forecast isn't equally encouraging for all states and regions.
Healthy tax revenues are expected to continue for the next several quarters, due to continuing low employment and slowly rising incomes. Coupled with modest inflation and high energy prices,
…