Cato Institute
Policy Analysis
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6. Average annual change in actual gen-
2. Average annual change in spending as a
eral fund revenue as a percentage of
percentage of personal income through
personal income from FY04 through
FY04 (measured only for governors in
FY06.
office before 2004).
7. Average annual recommended revenue
3. Average annual recommended change
changes as a percentage of the prior
in real per capita general fund spending
year's expenditures through FY07.
through FY07.
8. Tax revenue in real per capita terms,
4. Average annual recommended change
FY05 (this variable is half-weighted).
in general fund spending as a percent-
9. Tax revenue as a percentage of personal
age of personal income through FY07.
income, FY05 (this variable is half-
5. Average annual change in actual real
weighted).
per capita general fund spending from
FY04 through FY06.
Tax Rate Variables
6. Average annual change in actual gener-
1. Percentage change in the top personal
al fund spending as a percentage of per-
income tax rate, including governors'
sonal income from FY04 through FY06.
recommended changes that were not
7. Real per capita spending, FY05 (this
enacted.
variable is half-weighted).
2. Percentage change in the top corporate
8. Spending as a percentage of personal in-
income tax rate, including governors'
come, FY05 (this variable is half-weighted).
recommended changes that were not
enacted.
Revenue Variables
3. Sum of the top marginal personal and
1. Average annual change in real per capita
corporate income tax rates in 2004.
tax revenue through FY05 (measured only
(This variable is given a weight of only
for the governors in office before 2005).
one-half.)
2. Average annual change in tax revenue as a
4. Percentage change in the sales tax rate
percentage of personal income through
under each governor, including gover-
FY05 (measured only for governors in
nors' recommended changes that were
office before 2005).
not enacted.
3. Average annual recommended change
5. Percentage change in the gasoline tax
in real per capita general fund revenue
rate under each governor, including
through FY07.
governors' recommended changes that
4. Average annual recommended change
were not enacted.
in general fund revenue as a percentage
6. Percentage change in the cigarette tax
of personal income through FY07.
rate under each governor, including
5. Average annual change in real per capi-
governors' recommended changes that
ta general fund revenue from FY04
were not enacted.
through FY06.
10