Saturday, September 5th, 2026
The state's income tax falls automatically when two revenue conditions are met. In the year to 30 June, General Fund revenue came in more than a billion dollars short of the threshold — the second consecutive miss and the third in four years. It also missed the easier threshold the legislature wrote last year for exactly this situation.
Assessment cycles lag transactions by years, which means households are receiving bills based on a market that has already turned. The lag is the problem, not the rate.
A per-gallon levy funds American highways while fuel consumption decouples from road use. The replacement everyone points to is a mileage fee, and almost nobody has been willing to build one.
The best-taxed account in the American system was designed for medical bills and is increasingly being used as a supplemental retirement fund by the people who least need help saving.