Real gross domestic product – the total value of the production of goods and services adjusted for price changes – grew in 49 states in 2013. Nationally, nondurable–goods manufacturing contributed the most to real GDP growth, while mining played a key role in the fastest growing states – North Dakota, Wyoming, West Virginia, Oklahoma, and Colorado.

States face a conundrum as they struggle to regulate and tax e-cigarettes and other vapor systems that deliver nicotine to their users. Definitions in current tobacco and smoking laws can be amended to apply; however the evidence-base to establish equivalency to tobacco has not yet been established. Only three states have totally prohibited the use of e-cigarettes in public places, but 41 states prohibit the purchase of e-cigarettes to minors. Just two states have established taxes on these new products.

E-cigarettes are a nicotine delivery system. They heat liquid containing nicotine and flavorings into a vapor by passing it over a small electronic battery. According to The Wall Street Journal, sales grew from $2 million in 2009 to $722 million in 2013.

Jennifer Burnett, Program Manager for Fiscal and Economic Development Policy, outlines the top five issues in fiscal and economic development policy for 2015,  including job creations strategies, state innovations in health care spending, public pension solvency, and federal funding uncertainty. 

A Dec. 2014 report from the Government Accountability Office (GAO) found that while tuition at public colleges is rising, students - rather than states - are shouldering more of the burden than ever.

A new report from the Government Accountability Office (GAO) finds that while tuition at public colleges is rising, students - rather than states - are shouldering more of the burden than ever. The GAO report was submitted last month to the outgoing chair of the Senate Education Committee, Sen. Tom Harkin, and evaluates trends in state policies that have affected college affordability.

The Council of State Governments has been collecting data on governors’ salaries for The Book of the States since 1937. The average governor’s salary has grown more slowly in recent years than in the past, with a number of states cutting their chief executive’s pay during and after the Great Recession.

On Dec. 16, the president signed the Consolidated and Further Continuing Appropriations Act of 2015, the $1.1 trillion spending bill passed by Congress last week. The legislation is a mix between a short-term continuing resolution, known as a “C.R.,” and a long-term omnibus spending bill. The legislation, known as the “CR-omnibus,” funds most of the government through September 2015. The exception is the U.S. Department of Homeland Security, which is funded only through Feb. 27, 2015.

The Consolidated and Further Continuing Appropriations Act of 2015 -  also known as the "cromnibus" - is a $1.1 trillion spending bill that will fund most of the government through the rest of the fiscal year. It was signed by Pres. Obama on Dec. 16, 2014. 

Econ Piggy

According to The National Association of State Budget Officer's State Expenditure Report, total state spending (including both state and federal funds) grew by an estimated 5.7 percent in FY 2014, a significant jump from the 2.2 percent growth rate in FY 2013. In FY 2012, year-over-year total state spending fell by 1.1 percent. The recent boost in state expenditures is due primarily to a jump in spending from federal funds, which increased by 7.6 percent in FY 2014. Spending from state funds, on the other hand, grew by 4.8 percent.

Pages