Earlier this month, the Trump administration submitted its fiscal 2020 budget to Congress and projected the US economy to continue the strong expansion it has experienced since the Tax Cuts & Jobs Act was enacted in 2017. Growth in fiscal year 2018 reached 2.9% for the year, but most economists do not see that kind of growth continuing with J.P. Morgan projecting 1.8% and others projecting nothing higher than 2.4%. The administration remains confident that the good times will continue to roll however. Along that line, the Department of Labor (DOL) announced that wages rose 3.4% in February 2019 year over year reaching the highest mark since April 2009. It was the 7th straight month that year over year wage growth exceeded 3 percent. Unemployment came in at 3.8% and for the 12th month, was at or below the magic 4.0 percent mark. State and local tax burdens have again been categorized as WalletHub released its annual tax burden ranking of individual states. Alaska again led the field with the lowest effective state and local tax burden on US Median Household Income at $3,309, or 5.7%. Delaware, Montana, Wyoming and Nevada rounded out the top five. At the other end of the spectrum, Illinois at $8,653 (14.9%) was dead last, followed by Connecticut, Pennsylvania, New York and Nebraska. The median annual US Household income used for the ranking was $58,082.