state fiscal policies

State fiscal policies refer to how state governments manage their finances through taxation and spending. These policies determine how much money the state collects from taxes and how it allocates that money for public services, such as education, healthcare, and infrastructure. By adjusting tax rates or spending levels, state governments aim to influence economic growth, address social needs, and maintain a balanced budget. Effective fiscal policies help ensure that states can cover expenses while promoting economic stability and growth for their residents.