Some state fiscal analysts are estimating that their states will collect fewer tax dollars next fiscal year than previously expected, as the Trump administration’s policies weigh on the economy.
Analysts in at least five states — Colorado, Delaware, Hawaii, Maryland and Washington — cited the potential negative impact of federal policies such as tariffs and mass layoffs, among other factors, when they recently downgraded their revenue projections for Fiscal Year 2026. Most states start FY 2026 on July 1.
Already a subscriber? Sign in