This year, two governors receive the highest grade of A: Bill Owens of Colorado and Jeb Bush of Florida. Four governors receive the lowest grade of F: Gray Davis of California, Don Sundquist of Tennessee, Bob Taft of Ohio, and John Kitzhaber of Oregon.
The governors of some of America’s most populous states and their grades are George Pataki of New York, B; George Ryan of Illinois, D; and John Engler of Michigan, B.
State governments faced a combined budget gap of more than $40 billion in 2002, largely as a result of an overspending binge in the 1990s. Most governors will confront more tough budget choices in 2003. We hope that governors do not make the mistake of raising taxes to try to balance budgets, as many did in the economic slowdown of the early 1990s. Instead, by reducing spending and cutting tax rates, governors can return their states to fiscal and economic health. If they do, we will have many high grades to reward on the next Cato fiscal report card.