The Mercatus Center at George Mason University recently released the study, “Institutions Matter: Can New Jersey Reverse Course?” by Eileen Norcross and Frederic Sautet. They examine the current dire strait of the Garden State’s public finances and discuss how the state created its fiscal crisis.
There are several states that do not allow grocery stores to sell wine in grocery stores. However, in the midst of dealing with budget woes and shrinking revenues many states are considering changing existing laws to now allow the sell of wine in grocery stores as a means to increase revenue for the state.
Sub-local forms of governments (private community associations, business improvement districts, etc) have been on the rise throughout America the past thirty years. Sub-local governments can specialize and otherwise more effectively address urban problems that have defied the efforts of conventional city governments.
With state revenues dwindling many states turned to excise taxes to decrease budget gaps. Close to a dozen states increased their cigarette taxes. According to Stateline.org, “New York, New Jersey and North Carolina raised both tobacco and alcohol taxes. Kentucky and Massachusetts ended the sales tax exemption of alcoholic beverages, while Colorado ended its sales tax break on cigarettes.” Often sin taxes on certain sugary products are used to help fight obesity as well.
Many states are still revising their wine shipping laws in 2009 to conform to a 2005 Supreme Court ruling that said states cannot discriminate against out-of-state sellers when regulating direct-to-consumer wine shipment. This podcast discusses some of the changes states have seen since the 2005 decision, the economics behind wine e-commerce, how direct wine shipment regulation affects the consumer and the benefits of a permit system.
As states face budget crises and deficits, many state policy makers are looking at what reforms can be put into place to boost a stagnant economy. In this episode we discuss the process and steps New Zealand and other governments took to boost their economy, create effective reforms in balancing the budget and general best practices for good governance.