Economy
Four states have experienced double-digit growth so far this year.
Sophie Quinton
01:00 PM, May 22, 2026
California Gov. Gavin Newsom speaks about his state budget proposal Thursday, May 14, 2026, in Sacramento, Calif. (AP Photo/Jeff Chiu)
Income tax collections have grown significantly in many states this year, as investors cash in on stock market gains and tech company valuations reach new heights.
The extra cash is helping to fill budget holes and easing the pressure lawmakers feel to cut spending. But nobody knows how long the boom will last.
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