State Budget and Tax Outlook

  • Tuesday, March 25, 2025
  • 2:00 PM - 3:15 PM
  • Zoom

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State budgets are set to shrink significantly in 2025 as the era of post-pandemic federal aid, record spending, and tax cuts comes to an end. Anticipated cuts to Medicaid, SNAP, and other federal safety net programs will shift costs to states, forcing policymakers to choose between raising taxes or cutting spending. How are states working to address these challenges? We’ll hear from three different state contexts in fireside chats with funders and advocates from DC, OH and NY who will share how they have successfully championed and defended laws to increase taxes on the wealthy and corporations to fund critical investments in education and early childhood; faced repeated attacks on the income tax and documented the harm and impact of those cuts; and are working to proactively explain the fiscal impact of the federal budget and tax cuts in 2025. Learn how these advocates are exposing the harm caused by inadequate and inequitable revenue systems and making the case for a more equitable path forward.

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