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Income Tax Cuts Have The Most Significant Credit Implications Among November Ballot Measures Oct 08 Product Image

Income Tax Cuts Have The Most Significant Credit Implications Among November Ballot Measures Oct 08

  • ID: 1806292
  • October 2008
  • Standard & Poors

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Abstract
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
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