Large states like Illinois (49th in our Mercatus Center state fiscal health rankings), New York (39th), California (43rd) and Pennsylvania (45th) struggle financially compared with smaller states. Even business-obsessed Texas (23rd) has long-term, pension-fueled concerns. But at No. 1, Florida — similar in size and economic potential to Illinois — defies the big-state curse.
Miami-Dade’s mayor proposes to cut transit funding, reduce lawn mowing and leave more than 1,000 positions open in 2018 as the county grapples with a slowing economy and a looming increase in the deductions homeowners can apply to their property tax bills.
Mayor Carlos Gimenez said targeted cost cutting will allow Miami-Dade to maintain flat property tax rates at a time of rising property values but weak returns from sales taxes, a fiscal divide that has some departments awash in cash in 2018 and others grappling with shortfalls.