budget surplus Archives - Marketplace

With money to spare, some states look to tax breaks to ease inflation

by Andy Uhler

May 10, 2022

How and when the breaks are applied will vary from state to state.

States could use budget surpluses to help people with everyday costs.

Stefani Reynolds/AFP via Getty Images

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Why are some states experiencing a tax revenue surplus?

by Kristin Schwab

Jun 7, 2021

More than half of U.S. states took in as much or more in tax revenue between March 2020 and February 2021 than they did the year before.

In some states — including Utah, Idaho and Colorado — tax revenue went up at least 8%.

George Frey/AFP via Getty Images

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