FPN is partnering with Economic Opportunity Funders as they host their Annual Budget and Tax Briefing to provide funders with a unique opportunity to learn why federal and state budget and tax work matters to national, state, and local philanthropy. During this briefing, participants learn about pressing policy developments, key battles and opportunities at the federal and state level, and emerging policy, communications, and organizing strategies to advance worker justice, social protections, and an economy that works for all.
Why federal budget and tax policy matters to state and local funders.
States get about one-third of their revenue from the federal government — funds that help pay for health care, schools, housing, roads, childcare, job training, and a range of other programs. Unlike the federal government, most states and localities must balance their budgets every year. Revenue growth and unprecedented federal aid will shape many upcoming legislative sessions as states determine funding priorities for the coming year. Policymakers will face critical choices on whether to prioritize tax cuts or investments that will support a robust recovery and reduce long-standing racial and economic inequities that the pandemic exposed and worsened.
State Budget and Tax Outlook
Learn about key trends, battles and opportunities, and what’s at stake and in play in 2024. Panelists will share insights on the recent historic state tax credit expansions, consequential state races and ballot initiatives, and efforts to support the equitable implementation of federal investments, including the Infrastructure Investment and Jobs Act, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, and the Inflation Reduction Act.
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