Revenue Changes in Governor Rowland’s Proposed FY 03-05 Budget: Who Are the Tax “Winners” and “Losers”?

The first part of a two-part summary of the Governor’s proposed FY 03-05 budget (presented to the General Assembly first week of March, several weeks late). The report describes the Governor’s proposals for new revenues to address the remaining deficits in FY 04 and FY 05, and places these proposals in the context of tax cuts enacted from 1995 to 2002 and tax increases enacted since that time to identify who are the net “winners” and “losers.” (8 pp.)