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Saturday, December 21, 2024

Pennsylvania Gov. Tom Wolf gets ‘C’ grade for fiscal management

Tomwolf

Gov. Tom Wolf of Pennsylvania | governor.pa.gov

Gov. Tom Wolf of Pennsylvania | governor.pa.gov

Democratic Gov. Tom Wolf received a grade of “C” from the Washington-based CATO Institute for his tax and spending policies since 2018, according to a ranking of governors that comes out every two years.

The Washington, D.C., policy institute gave the governor an overall fiscal score of 51 on a scale of zero to 100. Governors who have worked to limit taxes and spending were awarded higher grades, while those who raised taxes and spending levels scored lower, according to the analysis.

Not all the nation’s governors were graded. State executives in Kentucky and Mississippi were excluded because they haven’t been in office very long, and Alaska’s governor was not graded due to oddities in the state’s budget, the CATO report says.

Governors were rated on seven variables that dealt with spending and revenue issues, as well as tax rates, the analysis states. 

The study also suggests that states can respond to budget challenges, such as the coronavirus pandemic, by taxing sales generated from marijuana legalization and by banning collective bargaining by government employees. 

In addition, it provides advice about building up rainy-day funds to prepare for future emergencies and creating tax systems that encourage economic growth.

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Overall Fiscal Grades for Governors

StateGovernorScoreGrade
New HampshireChris Sununu (R)75A
IowaKim Reynolds (R)71A
NebraskaPete Ricketts (R)70A
WyomingMark Gordon (R)66A
ArkansasAsa Hutchinson (R)64B
TexasGreg Abbott (R)62B
VermontPhil Scott (R)61B
GeorgiaBrian Kemp (R)61B
FloridaRon DeSantis (R)61B
South DakotaKristi Noem (R)59B
NevadaSteve Sisolak (D)57B
IndianaEric Holcomb (R)56B
South CarolinaHenry McMaster (R)56B
North CarolinaRoy Cooper (D)54C
West VirginiaJim Justice (R)53C
CaliforniaGavin Newsom (D)53C
MontanaSteve Bullock (D)53C
LouisianaJohn Bel Edwards (D)53C
WisconsinTony Evers (D)52C
MissouriMike Parson (R)52C
New MexicoMichelle Lujan Grisham (D)51C
IdahoBrad Little (R)51C
PennsylvaniaTom Wolf (D)51C
MarylandLarry Hogan (R)51C
DelawareJohn Carney (D)51C
ColoradoJared Polis (D)50C
HawaiiDavid Ige (D)49D
UtahGary Herbert (R)49D
North DakotaDoug Burgum (R)49D
Rhode IslandGina Raimondo (D)49D
OhioMike DeWine (R)49D
ArizonaDoug Ducey (R)49D
OklahomaKevin Stitt (R)48D
MassachusettsCharlie Baker (R)48D
MaineJanet Mills (D)45D
MinnesotaTim Walz (D)44D
ConnecticutNed Lamont (D)43D
AlabamaKay Ivey (R)42D
KansasLaura Kelly (D)41D
TennesseeBill Lee (R)40D
VirginiaRalph Northam (D)39F
New YorkAndrew Cuomo (D)39F
MichiganGretchen Whitmer (D)39F
New JerseyPhil Murphy (D)32F
IllinoisJ. B. Pritzker (D)30F
OregonKate Brown (D)29F
WashingtonJay Inslee (D)18F
Source: CATO Institute

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