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States and localities should carefully evaluate the effectiveness of the incentives they offer to attract or retain businesses.

When considering bond financing, state and local policymakers should:

Public retirement systems should establish a maximum vesting period of five years for DB

States and localities should move toward full funding of their retirement systems.

Due to their regressiveIn taxation, a situation in which people with low

States and localities should include services in the taxable base to reduce regressivity

Exemptions from state retail sales taxes should be narrowly designed to reduce their regressive

To ensure equity in property taxation, assessors should use fair-market value as the starting point for determining property values.

Property tax relief should be equitable, cost-effective, and targeted to homeowners with low and moderate incomes burdened by their property tax bill.

Prior to finalizing annual budget decisions, localities should inform taxpayers of the property tax rate required to maintain revenues at the same level as the