Moody’s Analytics looks at states’ fiscal readiness to withstand the next recession. See it here. While we’re in a slow-growth mode right now, there’s no indications of a recession in the near-term. Still this is the time to prepare.
One factor they look at is how sharply state revenues will drop in a recession, and conversely how much expenditures rise. Missouri doesn’t fare too well. Making revenues more resilient to economic contractions it might be one more argument for systemic tax reform in the state.
Originally in October 25 MOScout.