State Budgets Benefit From 2019 Revenue Gains

The video discusses the fiscal year 2020 state budgets, highlighting revenue trends, volatility due to taxpayer behavior, and spending priorities on education and Medicaid. It also covers infrastructure spending, state tax increases, and specific budget challenges faced by Illinois and Connecticut.

What has been the trend regarding state tax increases in the last five years?

What challenges do Illinois and Connecticut face despite benefiting from a revenue influx?