Dec. 1, 2011
State Revenues Gradually Improving
A new report from the National Conference of State Legislatures (NCSL) shows state fiscal conditions are improving, but at a slow pace. States report revenues are growing, expenditures in most states are stable, and, in a significant departure from past years, few states report new budget gaps opening since the current fiscal year began. However, uncertainties remain. State legislative fiscal officers are concerned about global economic volatility, persistently high unemployment, long-term spending pressures, and congressional actions on federal deficit reduction. Adverse developments in any of these areas could derail the fiscal progress indicated in this report.
NCSL’s new report, "State Budget Update: Fall 2011," provides information on budgets in all 50 states and Puerto Rico. Arturo Perez, NCSL’s Fiscal Affairs program director, discusses the report's findings in the video below.
NCSL’s "State Budget Update: Fall 2011" is based on data collected from legislative fiscal officers in the fall of 2011. It includes detailed information on:
- New FY 2012 budget gaps
- FY 2012 revenue performance
- Revenue outlook for the remainder of FY 2012
- Spending overruns in FY 2012
- The state fiscal outlook for FY 2012
This NCSL budget report continues NCSL's long tradition of providing accurate, comprehensive and nonpartisan data on state finances.
Credentialed members of the media may receive a free full copy of NCSL's "State Budget Update: Fall 2011." The link to the report provided in this release does not contain links to the detailed 50-state tables. Please contact the press room to obtain a complete copy of NCSL's budget report.
NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.