From ChicagoTribune:

California’s governor wants to maintain temporary tax increases to keep $9 billion a year flowing to the state treasury. Low-tax Texas is considering tapping its rainy day account to soften the effects of deep spending cuts. New York’s governor pushed through budget cuts while keeping a campaign pledge to avoid tax increases.

And residents of Illinois and Florida are getting a very different take on taxes: Illinois passed a massive increase, while Florida proposes giving its taxpayers a big break.

The five states are the nation’s most populous but are taking very different approaches to solving their respective budget deficits, illustrating that the priorities of the majority party play as much a role in budgeting decisions as a state’s fiscal health. If those states are a guide, there is no single model for how to close a deficit.

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