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an economy Rank State Per Capita Spending 50 Florida $3,724 49 - - PowerPoint PPT Presentation
an economy Rank State Per Capita Spending 50 Florida $3,724 49 - - PowerPoint PPT Presentation
States that reduce spending, cut taxes, and return surpluses to taxpayers have much stronger economic growth than states that attempt to use government spending to grow an economy Rank State Per Capita Spending 50 Florida $3,724 49
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Rank State Per Capita Spending
50 Florida $3,724 49 Nevada $3,745 48 Missouri $3,965 47 New Hampshire $4,049 46 Texas $4,098 45 Georgia $4,258 44 Utah $4,323 43 North Carolina $4,417 42 Indiana $4,433 41 South Dakota $4,530
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State Economic Performance Per capita Spending Eco Devo Spending Rank Adjusted Poverty Rank Texas 1 $4,098 15 17 North Carolina 8 $4,417 12 28 Georgia 17 $4,258 5 45 Florida 18 $3,724 20 49 Virginia 19 $5,483 2 12 Top 20 Avg $4,396 11 30 Bottom 25 Avg $5,934 20 36 New York 26 $7,091 30 46 California 31 $6,452 11 50 Pennsylvania 38 $5,688 18 24 Illinois 46 $5,397 19 30 New Jersey 47 $6,095 27 37 Ohio 49 $5,389 13 36 Michigan 50 $5,429 21 31
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Keep appropriations growth within population
growth + inflation
Don’t use the Economic Stabilization Fund
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Phase Out State and Local Subsidies &
- Abatements. Some possibilities:
- Event Trust Funds
- Art and Film Subsidies
- PUC Energy Efficiency Program
- Texas Emission Reduction Plan
- Agricultural Loan Guarantee Program
- Renewable Energy Credits
- Texas Enterprise Fund
- Skills Development Fund
- Chapters 311, 312, 313, & 380
- 4A & 4B Economic Development Sales Tax
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Title Insurance Medical Scope of Practice Telemedicine Restrictions Occupational Licensing Alcoholic Beverage Control
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The Pretenders
- Louisiana: Ranks 4th in economic development
spending; 33rd in economic performance
- New Mexico: Ranks 1st in economic development
spending; 36th in economic performance
- California: Ranks 31st in spending per capita; 50th in
adjusted poverty rate
- New York: Ranks 3rd in economic development
spending; 26th in economic performance
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The Contenders
- Florida: Eliminated Enterprise Florida; ranks 50th in
per capita spending; 18th in economic performance
- North Carolina: Ranks 43rd in per capita spending;
21st (out of 32) in economic development spending; 8th in economic performance
- Washington: Ranks 34th in per capita spending; 32nd
(out of 32) in economic development spending; 2nd in economic performance
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State Per Capita Spending: Ballotpedia –
https://goo.gl/0SeYMm
State Economic Performance Rankings: Rich
States Poor States – https://goo.gl/XtjcZk
State Economic Spending: W.E. Upjohn
Institute for Employment Research – https://goo.gl/UBvypk
Adjusted Poverty Rankings – Texas Public
Policy Foundation - unpublished
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