The Cato Institute has released its biennial Fiscal Policy Report Card on America's Governors. The report card looks at statistical data from every state and awards an objective grade on taxing and spending records from a limited-government perspective.
January 2014 through August 2016 was a time of budget expansion in most states—as a growing economy allowed for more budget flexibility, governors have either used this as an opportunity to increase spending, or to work for tax cuts and tax reforms. "The top-scoring governors in this year's report are restraining spending and cutting tax rates, which is crucial in our competitive global economy,” states the report's editor, Chris Edwards. “Unfortunately, the report also found poor-scoring governors who are jacking up spending even though their states already face fiscal troubles from high debt and unfunded retirement liabilities.”