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Composition of State Debt Payments

According to data from the State of Connecticut’s Office of the State Comptroller, Connecticut’s annual debt service payments have grown dramatically over the twenty year period from 1986 to 2005. The State’s debt service tripled from 1986 to 1996...

Lessons in Economics: Maryland

Maryland’s budget deficit was growing at an alarming rate. Sound familiar?

To solve the problem the cash-strapped General Assembly decided to tax the state’s millionaires at the high rate of 6.25%.

But the Legislature’s action may have made the problem worse, not better.

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