Challenges to State Revenue Structures & Responses to Revenue Reductions

CSG Growth and Prosperity: Virtual Summit of the States 2.0

Challenges to State Revenue Structures & Responses to Revenue Reductions
April 14, 2011

State tax systems have been criticized as being overly complex and difficult to decipher. They suffer from three serious structural flaws: misaligned state sales taxes, a lack of aggressive e-commerce tax revenue and too many exemptions. Add to this the ongoing challenge of state budgets continuing to falter with record gaps in 2011 and the requirement to balance the budgets in nearly all states. As a result, most states have enacted serious cuts in state expenditures to deal with their revenue fallouts. Learn about innovative ideas enabling states to restructure their tax codes, explore new revenue generation models and the ways some states are reaching budget equilibrium.

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Richard D. Pomp, Alva P. Loiselle Professor of Law, University of Connecticut

Richard D. Pomp is the Alva P. Loiselle Professor of Law at the University of Connecticut. From 1981 to 1987, Pomp was director of the New York Tax Study Commission, a period during which New York restructured its personal and corporate income tax, and created an independent tax tribunal. Pomp serves as an expert witness in various courts throughout the country and as a litigation consultant to law firms, corporations, accounting firms and state tax administrations. He has participated in various capacities in Supreme Court litigation. Pomp has also served as a consultant to states and is the co-author of the leading casebook on state taxation. He has been described as, "the most knowledgeable person on state corporate income taxation in the country" (28 State Tax Notes 353).

Rep. Jim Fannin, Louisiana

Representative Jim Fannin is the chairman of the Appropriations Committee of the Louisiana House of Representatives. He is a former educator and active businessman in Jonesboro, the seat of Jackson Parish in north Louisiana. In 2003, Fannin was elected to represent House District 13 and he is also the chairman of the Louisiana Rural Caucus. 

Kevin Lembo, Connecticut State Comptroller

Connecticut Comptroller Kevin Lembo was elected in 2010 following decades of experience in government, finance and health care. Lembo served two terms as Connecticut’s first healthcare advocate, beginning in 2004. As healthcare advocate, Lembo helped thousands of Connecticut residents navigate the complexities of the health care system every year. He advocated for patients and their families when they were denied coverage or treatment, and returned more than $25 million to consumers over six years. Lembo previously served as assistant comptroller, where he helped manage state finances and health care for state employees, retirees, municipalities, nonprofits and small businesses. He also fought to increase the state’s Rainy Day Fund to protect Connecticut taxpayers during difficult economic times. He is a 2004 Toll Fellow of The Council of State Governments.


StateRevenuesFull.pdf348.49 KB
StateRevenuesHandouts.pdf348.31 KB