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Are you sure you don't mean 'Idaho'?

August 26, 2009

In a reasonable post at TaxVox about sales tax holidays, Kim Rueben makes a jarring statement:

Some places, including the District of Columbia, Maryland, Florida, and Illinois, have canceled or haven’t enacted the holidays this summer. Others, including Virginia, Iowa, and Connecticut have held theirs, while Texas actually expanded its program. This might make sense in Iowa where revenues continue to match expenditures and where the rainy day fund isn’t empty.

I once met a nice guy from Connecticut who asked me if Des Moines was near Boise. I think something similar must be going on here. Iowa is looking at a budget gap for the upcoming fiscal year of (on the low side) $779 million, and maybe as high as $1 billion.

By the way, it's 1,158 miles from here to Boise, compared to 1,210 miles to Hartford.

Tags: state tax policy.TaxVox.