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Income Tax Cuts Have The Most Significant Credit Implications Among November Ballot Measures Oct 08
Standard & Poors, October 2008
On Nov. 4, voters in 36 states will decide 153 ballot measures, according to the Initiative and Referendum Institute. While the number of measures has declined from recent years, we have nonetheless identified many that we believe have implications for credit quality. And while the perennial topics of bond authorizations, education, and taxes are on the ballot in many states, those to be considered in Massachusetts, North Dakota, and Oregon are particularly notable: voters in these three states will consider whether to significantly reduce or abolish income taxes. With the exception of Massachusetts, Standard & Poor's Ratings Services does not believe that any single ballot measure poses an immediate credit concern for state or local government ratings. (Listen to the...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Rhode Island & Providence Plantations
- New Mexico
- New Jersey
- North Dakota