Policy Research and Reports
Wyoming policymakers face many different decisions on how to change fiscal policy to improve growth or fund the government. Using a dynamic macroeconomic model to simulate the Wyoming economy, this paper examines several different policy scenarios where taxes can be raised or lowered to pay for more or less government spending.
Since 2008, the Wyoming economy has been contracting even as the overall United States economy has been expanding. Job creation is stagnant and Wyomingites are leaving the labor force. State tax revenues are shrinking with the state economy. The sharp downturn in energy commodities is the main culprit behind Wyoming’s downturn.
If Ohio does not address its growing prison population soon, the state may need to spend $1 billion to build a new prison, in addition to the $1.7 billion it now spends annually to incarcerate approximately 51,000 inmates. At 134% capacity, the state’s prisons are woefully overcrowded and Ohio risks a court ordering the immediate release of a percentage of the prisoners like California was forced to do in 2011.
Substantial research supports the conclusion that greater economic freedom leads to greater prosperity. This is the 12th edition of the Fraser Institute's annual report, which analyzes economic freedom by comparing 10 variables in 92 state and provincial governments in Canada, Mexico and the United States. The Buckeye Institute examined the data to provide an overview of economic freedom in Ohio.
Advocates for the energy standards contend that the renewed mandates will spur job-growth in Ohio’s renewable energy and energy-efficiency sectors. Unfortunately, as The Buckeye Institute has recently explained, good news for green energy companies will be heavily offset by damage to the rest of Ohio’s economy—particularly in the energy-intensive manufacturing sector.
Civil asset forfeiture is a unique legal procedure that allows the government to file a civil lawsuit to take full ownership of private property without a criminal conviction. Ohio’s civil asset forfeiture rules need reform in order to better protect citizens, remedy bad incentives, avoid federal “equitable sharing,” and make the process more transparent.
With more than a million Ohioans who need more healthcare than they currently receive, the demand for quality care exceeds Ohio’s supply of doctors and nurses. As demand outpaces supply, the cost of treatment continues to rise and even basic medical care grows increasingly unaffordable for indigent and lower-income communities.